Oilfield Services

Active Rate At 13% To End The Week

Drilling rig activity in Western Canada and the Top 10 active operators as of May 14, 2021, as reported this morning by Rig Locator.

May 14, 2021, 11:29 AM MDT


Baker Hughes Rig Count: U.S. Up 5

The U.S. rig count is up five rigs from last week to 453, with oil rigs up eight to 352, gas rigs down three to 100, and miscellaneous rigs unchanged at one, according to Baker Hughes.

May 14, 2021, 11:07 AM MDT


Trican Reports Strong Start To Q2; Company Reverses Net Loss For Q1

Trican Well Service Ltd. has enjoyed a “really good start” to the second quarter, says Bradley Fedora, president and chief executive officer, as customers take advantage of good commodity prices and stable weather.

May 14, 2021, 9:03 AM MDT


Pay Up: Trican And Other OFS Providers Need Better Pricing From Customers

Trican Well Service Ltd. plans to increase its pricing in the second half of 2021, says top brass, as the company simply cannot operate at current pricing levels if it wants to maintain a sustainable business.

May 14, 2021, 8:15 AM MDT


Cathedral Boosts Capital Plan

Cathedral Energy Services Ltd. has lifted its 2021 capital plan to roughly $4 million.

May 14, 2021, 6:33 AM MDT


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