Calfrac Well Services Ltd.
CFWWF
Other OTC1.14
USD
-0.10
- -
ISIN
CA1295841169
Return %
Stock
S&P500
1Y
-66.20
26.53
3Y
-23.34
76.60
5Y
-23.34
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Patrick G. Powell
- Full Time Employees
- 2,270
- Sector
- Energy
- Industry
- Oil & Gas Equipment & Services
- Address
- Canada
- Website
- calfrac.com
- Similar Companies
- Business
- Calfrac Well Services Ltd. is an independent provider of specialized oilfield services primarily in North America and Argentina. The company’s core offerings include hydraulic fracturing, coiled tubing, cementing, and other well stimulation services designed to enhance crude oil and natural gas production. Calfrac’s hydraulic fracturing services encompass fresh and high total dissolved solids (TDS) brine applications and support for high viscosity friction reducer fracture fluid systems, including gel-based, crosslink, and energized fracturing technologies. The coiled tubing segment delivers completions and intervention services, while cementing operations include primary and remedial cementing across various well types. Calfrac supports oil and gas producers in key regions such as the Williston Basin and broader Rockies region in the U.S., the Western Canadian Sedimentary Basin, and significant Argentine basins like Neuquen, Las Heras, and Comodoro Rivadavia. Founded in 1998, the company is headquartered in Calgary, Alberta, Canada. In recent developments, Calfrac has made substantial advancements in its fleet modernization program, operating 66 Tier IV Dynamic Gas Blending (DGB) pumps by the end of 2024, equivalent to four Tier IV fleets, with plans to deploy five such fleets in North America by early 2025. The modernization includes significant investments in next-generation pumping technology, with many North American fleets being dual-fuel capable. The company has prioritized safety enhancements, reducing its total recordable injury frequency rate year-over-year. Additionally, Calfrac plans to allocate approximately $50 million of its 2025 capital budget to expand operations in Argentina, funded locally through cash flow, while supporting maintenance capital across all divisions and continuing Tier IV fleet upgrades. Operational focus also includes cautious capital expenditure management driven by commodity price forecasts, with strategic leadership changes implemented in the U.S. and Argentina to accelerate execution of growth initiatives. Calfrac’s strategy targets growth through technological innovation and geographic expansion within its specialized oilfield services segment. Calfrac Well Services Ltd. employs approximately 2,400 people and generates the majority of its revenue from the United States market. It serves oil and natural gas exploration and production companies with a comprehensive suite of hydraulic fracturing, coiled tubing, cementing, and other stimulation services aimed at maximizing well productivity in diverse and challenging environments.