Source Energy Services Ltd.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Scott Melbourn
- Full Time Employees
- 512
- Sector
- Energy
- Industry
- Oil & Gas Equipment & Services
- Address
- 1060 - 7th Street SW Calgary AB Canada T2R 0C4
- IPO Date
- Jul 14, 2017
- Website
- sourceenergyservices.com
- Similar Companies
- Business
- Source Energy Services Ltd. operates as an integrated producer, supplier, and distributor of frac sand, focusing primarily on oil and gas well completion materials. The company produces high-quality Northern White and Domestic frac sand from its mines and processing facilities located in Wisconsin, USA, and Alberta, Canada. It offers a comprehensive product portfolio including frac sand proppants, bulk completion materials, and well site sand storage solutions through its proprietary Sahara mobile sand storage and handling system. Source Energy Services complements its product offering with a strategic terminal network across Western Canada in the Western Canadian Sedimentary Basin (WCSB), providing unit-train capable terminals and last-mile logistics services including trucking, ensuring efficient delivery directly to well sites. Founded in 2010 and headquartered in Calgary, Alberta, the company has significantly expanded its operations and capabilities in recent years. Key recent developments include a strategic partnership with Trican Well Service Ltd. to construct a unit train capable terminal in Taylor, British Columbia, scheduled to be fully operational in 2025. Source Energy Services also completed acquisitions of two sand trucking asset portfolios in 2024, enhancing its mine-to-well site logistics platform. Furthermore, the company completed a comprehensive refinancing transaction in late 2024, securing a five-year $135 million USD term loan and a $40 million CAD revolving asset-backed credit facility to support growth and reduce borrowing costs. Additionally, Source expanded its Chetwynd terminal facility to full unit train status and increased sand sales and revenue by 16% in 2024, reflecting increased activity and strengthened market position in the oilfield services segment. Source Energy Services serves primarily the oil and gas industry with its proppant and completion logistics services across Western Canada and adjacent US regions. Its integrated supply chain approach, from mining through processing, transportation, storage, and delivery, positions the company as a vital logistics provider with a commitment to reliability and efficiency in the fracturing market. The company continues to build on its foundational capabilities by expanding terminal infrastructure, investing in logistics assets, and leveraging key partnerships to capture increasing demand within the North American oilfield services industry.
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Source Energy Services Announces Upcoming Earnings Release
Source Energy Services Reports 2025 AGM Results
Source Energy Services Announces Normal Course Issuer Bid
Source Energy Services Reports Q1 2025 Results
Source Energy Services Announces Upcoming Earnings Release