Drilling & Completions

High Arctic positions for growth in U.S. with purchase of Precision snubbing units

Monday, April 8, 2019, 7:30 AM MDT

High Arctic Energy Services is expanding its snubbing fleet by 70 percent and positioning for expansion in the U.S. through…

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​Wayfinder begins commissioning ‘Big Molly’ frac sand facility in Duvernay backyard

Thursday, April 4, 2019, 7:34 AM MDT

Calgary-based proppant company Wayfinder Corp. says it is in the process of starting up a new frac sand extraction and…

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​Technological disruption driving service industry change: Outlook report

Thursday, April 4, 2019, 7:20 AM MDT

Most Canadian oilfield service companies continue to foresee rapid technological innovation fundamentally disrupting the way they do business over the…

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​Oilfield service and supply costs crept up in 2018: report

Wednesday, April 3, 2019, 7:14 AM MDT

Total costs increased for the majority of oilfield service companies in 2018, despite business activity being relatively weak, according to…

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Oilfield service companies more optimistic for profit margin improvement in 2019: Outlook report

Tuesday, April 2, 2019, 7:16 AM MDT

Oilfield service profit margins suffered last year as companies were unable to withstand relative weakness in revenue growth, especially as…

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Ensign awarded eight new rig contracts in Canada, the U.S. and Middle East

Monday, April 1, 2019, 7:20 AM MDT

Ensign Energy Services says it has been awarded significant new drilling contracts in the United States, Canada and the Middle…

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Service companies to strain to increase day rates and product pricing in 2019: Outlook report

Monday, April 1, 2019, 7:16 AM MDT

The Canadian oilfield service industry is quite pessimistic about day rates for 2019, especially compared to last year. Thirty-nine per…

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​Alberta-based Frac Shack enters Argentina market

Monday, April 1, 2019, 7:10 AM MDT

Acheson, Alta.-based Frac Shack Inc. says it has entered the Argentina oil and gas market through a 51 percent owned…

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Oilfield service companies pessimistic about revenue in 2019: Outlook Report

Friday, March 29, 2019, 7:21 AM MDT

After a disastrous 2016, oilfield service companies reported a rebound in revenues in 2017 as increases in oil prices and…

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Cash flow is king when it comes to covering costs: Service & Supply Outlook Report

Wednesday, March 27, 2019, 2:39 PM MDT

In an extremely difficult operating environment, cash flow will continue to be king for oilfield service companies in 2019, according…

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​More hard times ahead expected by Canada’s oil and gas service companies

Wednesday, March 27, 2019, 7:26 AM MDT

Last year was disappointing for the Canadian oilfield service industry and 2019 will be even worse, based on results of…

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​U.S. operations revenue growing for Canadian oilfield services firms

Tuesday, March 26, 2019, 7:18 AM MDT

CALGARY — Large Canadian oilfield services companies with operations in the U.S. are now earning more of their revenue south…

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