Service and Supply

  • Active Rate Held Steady In July

    The active rate in Western Canada held steady in July.

    August 3, 2021, 6:28 AM MDT

  • Contractor Operating Days Rise In Q2 Compared To A Year Ago

    Contractor operating days climbed in Q2 compared to last year. 

    August 3, 2021, 6:55 AM MDT

  • Hydrogen Blending Studies Kick Off For NACG In Q2; Company Sees Sharp Revenue Increases

    North American Construction Group Ltd. began feasibility studies in Q2 2021 — establishing a project team and hiring engineering and technical experts — in order to research the potential for blending hydrogen with diesel fuels in high-horsepower combustion engines.

    August 3, 2021, 9:55 AM MDT

  • Rig Locator: Active Rate Steady To Start August

    Drilling rig activity in Western Canada and the Top 10 active operators as of Aug. 3, 2021, as reported this morning by Rig Locator.

    August 3, 2021, 11:32 AM MDT

  • Tourmaline Drills Most Metres In First Half

    Tourmaline Oil Corp. was the top operator across the basin during the first half of 2021 based on metres drilled, including experimental/test wells.

    July 30, 2021, 9:52 AM MDT

  • Cautious Operators Keeping Lid On Capital Spending, Says Calfrac’s COO Lindsay Link

    Oil and gas operators are reporting the highest free cash flows in years midway into 2021, but that money is unlikely to find its way into rapid growth in capital spending, Calfrac Well Services Ltd. president and chief operating officer Lindsay Link told analysts on the company’s second quarter 2021 conference call on Thursday.

    July 30, 2021, 7:57 AM MDT

  • Variperm Acquires RGL

    SCF Partners (SCF) announced that Variperm Canada Limited has acquired RGL Reservoir Management Inc. and its wholly owned subsidiary Pacific Perforating, Inc.

    July 30, 2021, 12 AM MDT

  • Strong Start To Q3 For CWC; Company On The Hunt For Consolidation

    CWC Energy Services Corp. reported a strong start to Q3 2021 with both the number of drilling rigs and service rigs back to the peak activity levels experienced this past winter in Q1 2021.

    July 30, 2021, 7:23 AM MDT

  • Source Reports Higher Sand Volumes For Q2

    Source Energy Services Ltd. grew market share in the Western Canadian Sedimentary Basin (WCSB), reporting Q2 sand sales volumes of 557,208 metric tonnes (MT) and sand revenue of $58.1 million.

    July 30, 2021, 8:13 AM MDT

  • Rig Locator: Active Rate Heads Into Long Weekend At 32%

    Drilling rig activity in Western Canada and the Top 10 active operators as of July 30, 2021, as reported this morning by Rig Locator.

    July 30, 2021, 11:32 AM MDT

  • Baker Hughes Rig Count: U.S. Down 3

    The U.S. rig count is down three from last week to 488 with oil rigs down two to 385, gas rigs down one to 103, and miscellaneous rigs unchanged at zero.

    July 30, 2021, 11:10 AM MDT

  • PSAC Hikes Drilling Forecast

    The Petroleum Services Association of Canada (PSAC) has hiked its forecast for the number of wells drilled (rig released) across Canada for 2021 to 4,250 wells.

    July 29, 2021, 6:05 AM MDT

  • Calfrac Looks Ahead To Increased Activity And Revenues In Second Half Of 2021

    Calfrac Well Services Ltd. saw a post-pandemic rebound in revenues in the second quarter of 2021 when compared to the previous year, but volatility in U.S fracturing markets resulted in the company failing to meet its performance expectations, said president and chief operating officer Lindsay Link.

    July 29, 2021, 8:23 AM MDT

  • Rig Locator: Active Rate Steady At 32%

    Drilling rig activity in Western Canada and the Top 10 active operators as of July 29, 2021, as reported this morning by Rig Locator.

    July 29, 2021, 11:34 AM MDT

  • JV Partners Create Turtle Island Earth Services

    A new joint venture has been formed to create Turtle Island Earth Services, an Indigenous-owned professional consulting and services company.

    July 29, 2021, 11:43 AM MDT

  • DEEP Closes Private Placement

    DEEP Earth Energy Production Corp. closed on a $4.5 million private placement offering.

    July 29, 2021, 6:25 AM MDT

  • Cold Bore Technology Closes $14-Million Financing

    Cold Bore Technology Inc. closed $14 million in growth financing.

    July 29, 2021, 6:30 AM MDT

  • Price Wars And Tight Labour Market Could Slow Pressure Pumping Recovery, Says Trican’s CEO

    With Canadian operators seeing vastly increased cash flows due from the commodity price rebound in early 2021 capital investment in new wells is slowly picking up, says Trican Well Service Ltd. president and chief executive Brad Fedora.

    July 28, 2021, 1:17 PM MDT

  • Trican Optimistic On Activity And Pricing Going Into Final Half Of 2021

    Higher activity levels drove a rebound in revenues and reduced net losses for Trican Well Service Ltd. in the second quarter of 2021, the company reported on Wednesday.

    July 28, 2021, 8:06 AM MDT

  • Rig Locator: 32% Of Drilling Rig Fleet At Work

    Drilling rig activity in Western Canada and the Top 10 active operators as of July 28, 2021, as reported this morning by Rig Locator.

    July 28, 2021, 11:32 AM MDT

  • Rig Release Count, Meterage Picking Up Steam In 2021

    Producers rig released 1,831 wells across Canada in the first half of 2021, excluding experimental holes, a four per cent decrease from 1,917 wells drilled in January-June 2020.

    July 27, 2021, 9:24 AM MDT

  • Rig Locator: 31% Of Drilling Rig Fleet At Work

    Drilling rig activity in Western Canada and the Top 10 active operators as of July 27, 2021, as reported this morning by Rig Locator.

    July 27, 2021, 11:40 AM MDT

  • Secure Confirms Board Appointments Following Closing Of Deal With Tervita

    Secure Energy Services Inc. confirmed several board appointments following the closing of its deal with Tervita Corporation.

    July 27, 2021, 3:12 PM MDT

  • High Arctic Acquires Rental Equipment

    High Arctic Energy Services Inc. is acquiring 17 modern hydraulic catwalks from a vendor in the Cold Lake area of Alberta for $1.1 million. 

    July 27, 2021, 5:54 AM MDT

  • Secure Revenue Rises In Q2

    Secure Energy Services Inc. generated revenue (excluding oil purchase and resale) of $116.7 million for the second quarter, an increase of 78 per cent from the three months ended June 30, 2020.

    July 27, 2021, 3:20 PM MDT

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