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Calfrac Well Services Ltd.
17 articles mentioning Calfrac Well Services Ltd.
Calfrac Well Services Second Quarter 2022 Results
Calfrac Well Services Ltd. announced its financial and operating results for the three and six months ended June 30, 2022. Calfrac's Chief Executive Officer, Pat Powell commented: "Since I joined the Company, I have had the...
Calfrac Rejects Wilks Bros. Takeover Offer; Offers Up Alternative
Calfrac Well Services Ltd. has rejected the hostile takeover bid put forth by the Wilks Brothers LLC, and instead offered up an amended Recapitalization Plan. The takeover bid by Wilks Bros. was announced on September 3,...
Wilks Brothers to Go Hostile on Calfrac
Wilks Brothers LLC intends to make a formal takeover bid to acquire all of Calfrac Well Services Ltd.'s issued and outstanding shares. The bid comes in at C$0.18 per share, which would ensure Shareholders receive a...
Updated : Frac Companies Permanently Retire 2.4 Million Horse Power
Updated : 12/12/2019 : Basic Energy Services said it is exiting the frac market, selling/dismantling its 500,000 HHP. Updated : 12/11/2019 : Superior (PumpCo) laid off its entire frac division (112 employees). As part of our...
Calfrac to Reactivate DJ Basin Frac Fleet, Vaca Muerta Work Increases;
The efforts of the Argentinean government to attract investment...
Frac Market Update Q1 2016 : Pressure Pumping, Market Share, Debt & Bankruptcy
Latest News affecting the Pressure Pumping Market April 22, 2016 : Schlumberger : Schlumberger to Cut 8,000 Jobs April 22, 2016 : Halliburton : Halliburton to Cut 6,000 Jobs April 20, 2016 : Basic Energy :...
Calfrac CFO Announces Retirement
Calfrac has initiated a search process, and further information will follow once an appointment has been made.
Calfrac Wraps Up $27.5 Million Private Placement
Calfrac's largest single shareholder, Matco Investments Ltd., participated in the Offering at its effective pro rata ownership percentage (20.45%).
Calfrac Pushes Back Against Price Reductions
The Company now intends to deliver 140,000 horsepower in mid to late 2015.
Calfrac Taps Credit Facility To Increase CapEx; Frac Fleet
The incremental capital spending will be funded by Calfrac's existing credit facilities and cash flow. At June 30, 2014, Calfrac had approximately $247 million available under its existing credit facilities.
C&J to Acquire Nabors Frac Business; FracTech Moves Down One
In regard to the deal, Shale Experts CEO Rons Dixon commented:"The combined company will have a little more than 5% market-share and now moves into 4th position behind Halliburton, Schlumberger and Baker Hughes."
NCS Tests New High-Rate Slickwater Frac System at Cardium Wells
Calfrac Well Services provided the field execution of the new marriage of slickwater technology with high-density pinpoint fracture placement.
Calfrac Announces Capital Budget for 2014
Calfrac Well Services Ltd. has announced a 2014 capital budget of approximately $120 million. The capital program is focused on maintenance and support capital and additional investment in logistics equipment. Approximately $33 million of capital is...
Calfrac CEO to Retire; Succession Plan Detailed
As part of a planned leadership succession process, the Board of Directors intends to appoint Fernando Aguilar, Calfrac's current President and COO, to succeed Doug Ramsay as President and CEO.
Calfrac's Canadian Ops Deliver Strongest Results
Completions activity was mainly focused on the Montney, Duvernay and Cardium plays that require the use of significant horsepower, manpower and materials.
U.S. Market Hampers Calfrac's Domestic Profits
The recovery in activity was largely focused in the Marcellus and Fayetteville shale plays with steady work also experienced in North Dakota and the Rockies region.
Calfrac's 2013 Budget To Focus on Latin America
Calfrac Well Services Ltd. has reported a 2013 capital budget of approximately $117 million. The capital program is focused on maintenance and support capital and further investment in logistics equipment. Approximately $25 million of capital is...