Service & Supply
Calfrac delays vote on recapitalization plan to Sept. 29 after Wilks Brothers offer
Monday, September 14, 2020, 6:11 AM MDT
Calfrac Well Services Ltd. is postponing a vote on its recapitalization plan following an unsolicited takeover offer for the company…
Calling all unemployed and temporarily furloughed oil and gas workers: Take the PetroLMI COVID-19 Pandemic Labour Market Impact Survey and enter contest to win $1,000
Thursday, September 3, 2020, 9:39 AM MDT
The PetroLMI division of Energy Safety Canada is surveying oil and gas industry workers to gain insight into how the…
Wilks Brothers to make offer for Calfrac if recapitalization plan rejected
Wednesday, September 2, 2020, 6:40 AM MDT
Wilks Brothers LLC says it will make a takeover offer for Calfrac Well Services Ltd. if shareholders reject the company's…
Shale loses another global giant after Schlumberger’s frack sale
Wednesday, September 2, 2020, 6:35 AM MDT
Schlumberger has become the biggest oil-service industry player yet to abandon frack work in North America, a sign that activity…
Calfrac says U.S. court sides with company in fight with Wilks Brothers
Tuesday, September 1, 2020, 7:11 AM MDT
Calfrac Well Services Ltd. says a U.S. court has sided with the company in its fight with Texas-based Wilks Brothers…
AltaGas approved to double propane exports
Thursday, August 27, 2020, 6:33 AM MDT
Just a little over a year after AltaGas Ltd. commissioned its new propane export terminal in Prince Rupert, the company…
Texas suitor urges Calfrac shareholders to reject management restructuring plan
Wednesday, August 19, 2020, 6:17 AM MDT
A Texas suitor for Calgary-based Calfrac Well Services Ltd. is urging shareholders to reject a management recapitalization proposal favoured by…
Calfrac Well Services rejects recapitalization offer from Wilks Brothers
Wednesday, August 19, 2020, 6:11 AM MDT
Calfrac Well Services Ltd. says a Texas company's proposed restructuring plan doesn't have sufficient support from unsecured noteholders and so…
Australian oilfield buoys Total Energy Q2 report despite North American weakness
Wednesday, August 12, 2020, 4:18 PM MDT
Total Energy Services Inc. reported a 68 per cent decline in revenue in the second quarter due to a near…
Oilfield services rival makes alternative plan to restructure Calfrac debt
Tuesday, August 4, 2020, 6:02 PM MDT
A Texas-based competitor that is also an investor and debtholder in struggling Calfrac Well Services Ltd. has put forward a…
Baker Hughes bracing for second wave of COVID-19 lockdowns
Wednesday, July 22, 2020, 6:44 AM MDT
Baker Hughes Company is bracing for a second wave of pandemic-induced lockdowns after the virus crippled economic activity around the…
Downstream integration creating value in natural gas complex: 2020 Top Operators Report
Wednesday, July 22, 2020, 6 AM MDT
Vertical integration has paid off for oil producers who have spread risk throughout the value chain while capturing increased revenues…
