North American completions expert Calfrac Well Services Ltd. leveraged its diverse geographical footprint during the second quarter to overcome lost operating days wrought by Canada’s wildfires and manage the “uncontrollable events.” The move was prescient, allowing the Calgary-based pressure pumper to avoid pitfalls from the numerous wildfires that continue to sweep Canada. Operations are centered…
Calfrac Well Services
Articles from Calfrac Well Services
Calfrac’s Russian Assets on Chopping Block, but ‘Significant Momentum’ Seen in Field Operations
Calfrac Well Services Ltd. put its Russian oil and gas field branch up for sale Tuesday after suspending operations in March after the country invaded Ukraine. The Calgary firm disclosed a book value of $58.8 million and liabilities of $13.9 million for its Russian assets but did not predict a sale price. Calfrac’s Russian operations…
May 10, 2022
Calfrac Suspends Russian Oil, Gas Completions, Halts Equipment Sales
Calgary-based completions expert Calfrac Well Services Ltd. has suspended its work in Russia’s oil and natural gas fields in response to its invasion of Ukraine and the trade sanctions imposed by Western nations, including Canada. The oilfield services (OFS) company, which chiefly works in Canada and the United States, also works in Argentina. Calfrac’s Russian…
March 29, 2022
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