Calfrac: Announces $40 million Private Placement
Calfrac Well Services Ltd. is pleased to announce that it has entered into an agreement with Peters & Co. Limited, as lead underwriter on behalf of a syndicate of underwriters to be formed (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a private placement basis, …
Calfrac: Michael Olinek Appointed CFO, Further Head Count Reductions in North America
Calfrac Well Services Ltd. announced today that in connection with the previously announced retirement of Michael J. (Mick) McNulty, Michael Olinek will assume the role of Interim Chief Financial Officer of Calfrac effective March 4, 2016. Mr. Olinek joined Calfrac as Corporate Controller in August of 2006, and has served …
Calfrac Announces Dividend
Calfrac Well Services Ltd. is pleased to announce that its Board of Directors has declared a dividend pursuant to its quarterly dividend policy. The dividend of $0.125 per common share will be paid on April 15, 2015 to shareholders of record on March 31, 2015. Calfrac’s common shares are publicly …
Calfrac: Q1 Results – Russian Focus
In Russia, Calfrac‘s operating income margins decreased to 2 percent from 5 percent year-over-year as a result of abnormal weather conditions. During the first quarter of 2014, the Company’s revenue from Russian operations increased by 5 percent to$38.9 million from $37.2 million in the corresponding three-month period of 2013. The increase in revenue was …
Calfrac Announces Fourth Quarter Results
Calfrac Well Services Ltd. announces its financial and operating results for the three months and year ended December 31, 2013. CEO’s MESSAGE I am pleased to present Calfrac’s operating and financial highlights for 2013 and to discuss our prospects for 2014. During the fourth quarter, our Company: completed the acquisition …
Calfrac Well Services Announces Dividend
Calfrac Well Services Ltd. is pleased to announce that its Board of Directors has declared a dividend pursuant to its quarterly dividend policy. The dividend of $0.25 per common share will be paid on April 15, 2014 to shareholders of record on March 31, 2014. Calfrac’s Board of Directors has …
Calfrac Well Services: To Spend $33m to Support Russian and Other International Operations
Calfrac Well Services Ltd is pleased to announce a 2014 capital budget of approximately $120 million. The capital program is focused on maintenance and support capital and additional investment in logistics equipment. Approximately $33 million of capital is allocated to support Calfrac’s growing international operations, including further investment in coiled …
Calfrac: Financial Highlights – Higher Multi Stage Fracturing in Russia
Calfrac‘s Financial Highlights For the three months ended September 30, 2013, the Company recorded: revenue of $388.7 million, a decrease of 7 percent from the third quarter of 2012, driven primarily by lower pricing in the United States and Canada combined with lower fracturing and coiled tubing activity in western …
Calfrac: Mick McNulty Appointed CFO
Calfrac Well Services Ltd. is pleased to announce that Michael J. (Mick) McNulty has been appointed as Chief Financial Officer of Calfrac, effective December 4, 2013. Mr. McNulty will report to Douglas R. Ramsay, the Chief Executive Officer of Calfrac, until Fernando Aguilar succeeds Mr. Ramsay as President and Chief …