Calfrac Well Services Ltd. is projecting steady utilization of 15 completion fleets across the United States and Canada for the rest of this year, management said. 


“Even with the constructive long-term outlook for the United States pressure pumping industry, the company expects to navigate any potential activity reduction in its natural gas concentrated regions by remaining steadfast in its disciplined returns-focused strategy and will either relocate equipment to more active regions or decrease its operational fleet count according to demand,” the Calgary-based hydraulic fracturing (fracking) firm said.

Calfrac is planning to run 10 completion fleets in the United States throughout the rest of the year.

The Canada operations “generated significant profitability...