Calfrac Well Services Ltd - Company Profile
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Business Description
Calfrac Well Services Ltd (Calfrac) is a Canadian oilfield service provider. It offers services such as coiled tubing, hydraulic fracturing, cementing and other good completion services to oil and natural gas exploration and production companies.
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Geographical Segments
Overview
It provides fracturing, cementing and coiled tubing to oil and natural gas companies operating in the Neuquen, Las Heras and Comodoro regions. In FY2023, the segment’s capital expenditure stood at CAD11.5 million, which grew by 11.7% YoY.
Performance
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Overview
Offers hydraulic fracturing services to oil and gas enterprises across North Dakota, Colorado, Wyoming, and Utah. Additionally, extends its fracturing solutions to natural gas-oriented clientele within the US, particularly in the Appalachia Basin encompassing Pennsylvania, Ohio, and West Virginia. Provides fracturing and coiled tubing solutions in Canada to a varied clientele of oil and gas exploration and production firms active in the Western Canadian Sedimentary Basin, with a focus on Alberta and northeastern British Columbia. In FY2023, the segment’s capital expenditure stood at CAD153.9 million, which grew by 98.1% YoY.
Performance
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