Precision Drilling Corporation reached a peak of 83 active rigs in Canada last month, which is up 34 per cent from the first quarter of 2019, says top brass. Currently the company has 80 Canadian rigs running, compared to 55 at the same point last year.
February 13, 2020, 9:26 AM MST
Calfrac Well Services Ltd. estimates, on a preliminary basis, that its full-year 2019 revenue will be $1.6-$1.65 billion, with a net loss before income taxes of $204-$209 million.
January 28, 2020, 10 AM MST
January 23, 2020, 7:49 AM MST
Shawcor Ltd. saw little improvement in the western Canadian market during the third quarter, with continuing depressed demand for the company’s products and services for that region.
November 18, 2019, 10:35 AM MST
Tidewater Midstream and Infrastructure Ltd. says it has decided to delay the expansion at Pipestone (Pipestone Plant 2) “until further notice” and plans to deploy “limited growth capital” in 2020 and focus on optimization and small capital projects with two to three year payouts.
November 14, 2019, 10:37 AM MST
High Arctic Energy Services Inc. generated eight per cent of its revenue in Q3 2019 from its operations in the U.S. — a region into which top brass could foresee continuing penetration and redeployment of Canadian rigs.
November 12, 2019, 8:05 AM MST
Chinook Energy Inc. has established a special committee consisting of three directors to review available strategic alternatives, the company said in its third quarter release.
November 11, 2019, 10:38 AM MST
Cathedral Energy Services Ltd. commercialized technologies such as its FUSION dual-telemetry, measurement-while-drilling tool in the third quarter, while at the same time experiencing activity level declines in the U.S. market.
November 11, 2019, 9:46 AM MST
STEP Energy Services Ltd. has managed to reduce its 2019 capital program to $44 million (down $20 million from the previous guidance) as the company optimizes maintenance spending, maintains a field-ready fleet, but also deals with ongoing uncertainty regarding near-term demand for services.
November 8, 2019, 7 AM MST
Total Energy Services Inc.’s third quarter financial results reflect just how difficult it is to make a buck in the business.
November 8, 2019, 11:01 AM MST
Tervita Corporation actually finds its level of opportunity for larger projects, perhaps counterintuitively, increases as companies continue to face macro-challenges in the energy sector.
November 8, 2019, 11:07 AM MST
Planned maintenance at NGL processing facilities and depressed frac-spread pricing drove a weaker third quarter for Inter Pipeline Ltd. as the company continues to build out projects designed to reduce its commodity price exposure.
November 8, 2019, 11:31 AM MST
Strad Inc. is poised to double its matting fleet ahead of schedule with the TMX expansion and Coastal GasLink projects simply “gravy” in a growing market.
November 8, 2019, 11:31 AM MST
Enerflex Ltd. says its solid third quarter results were backstopped by strong execution of projects included in its record backlog, higher service activity levels and the continued organic expansion of the contract compression fleet in the United States.
November 8, 2019, 10:41 AM MST
Essential Energy Services Ltd. reported third quarter revenue of $39.27 million, down from $50.63 million in the same period in 2018 due to low activity in the Western Canadian Sedimentary Basin.
November 7, 2019, 6:45 PM MST
After a solid third quarter, Keyera Corp. is “on track to deliver another record year of financial performance,” says David Smith, president and CEO.
November 6, 2019, 11:17 AM MST
Athabasca Oil Corporation reported that the ramp up of new Pad L7 wells at Leismer and a winter program consisting of Placid and Duvernay well completions are expected to sustain production through 2020.
November 6, 2019, 4:58 AM MST
Data library sales revenue for Pulse Seismic Inc. was $2.5 million for the three months ended Sept. 30, 2019, up from $1.6 million for the same period last year.
November 6, 2019, 5:07 AM MST
CWC Energy Services Corp. is expected to move two more drilling rigs to the United States by the end of 2020.
November 6, 2019, 5:55 AM MST
To support West Coast hydrocarbon terminals and LNG developments, Horizon North Logistics Inc. continues to work on first phase development of its 57-acre parcel of land located in Kitimat, as the first 360 beds of the Crossroads Lodge were operational in Q3 2019, with the whole 736-bed facility to be operational by late 2019 or early 2020.
November 6, 2019, 6:01 AM MST
The shift of AKITA Drilling Ltd.’s drilling rigs to the U.S. continues, and specifically the Permian.
November 1, 2019, 9:18 AM MDT
Calfrac Well Services Ltd. announced a $10 million reduction in its 2019 capital budget, which is now set at $139.6 million.
October 31, 2019, 7:18 AM MDT
Secure Energy Services Inc. has initiated a formal sales process for the divestiture of specific service lines that do not have recurring or production-related revenue streams.
October 31, 2019, 8:16 AM MDT
Baker Hughes Inc. reported a 46 per cent jump in quarterly adjusted profit on Wednesday on stronger performances in both oilfield services and turbomachinery.
October 30, 2019, 11:43 AM MDT
Mullen Group Ltd.’s chief executive officer believes 2020 will be the year of consolidation and attrition in the oil and gas sector.
October 25, 2019, 8:01 AM MDT
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.