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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
