Calfrac Well Services Ltd. is an
oilfield
A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations.
Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the presence ...
services company operating in Western Canada, Colorado, North Dakota, Arkansas, Pennsylvania, New Mexico, Texas, Western Siberia and Argentina. Services include
hydraulic fracturing
Fracking (also known as hydraulic fracturing, hydrofracturing, or hydrofracking) is a well stimulation technique involving the fracturing of bedrock formations by a pressurized liquid. The process involves the high-pressure injection of "frack ...
, coiled tubing, cementing and other well stimulation techniques designed to help increase the
production of oil and natural gas.
History
Calfrac Well Services
Ltd.
A private company limited by shares is a class of private limited company incorporated under the laws of England and Wales, Northern Ireland, Scotland, certain Commonwealth countries, and the Republic of Ireland. It has shareholders with limit ...
(CWS) was founded in June 1999 as a
private corporation
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is ...
by Ronald P. Mathison, Douglas Ramsay, Gordon Dibb, and Robert (Robbie) Roberts. At that time, Calfrac had a single
coiled tubing
In the oil and gas industries, coiled tubing refers to a very long metal pipe, normally in diameter which is supplied spooled on a large reel. It is used for interventions in oil and gas wells and sometimes as production tubing in depleted g ...
unit and was based in
Medicine Hat
Medicine Hat is a city in Southern Alberta, southeast Alberta, Canada. It is located along the South Saskatchewan River. It is approximately east of Lethbridge and southeast of Calgary. This city and the adjacent Town of Redcliff, Alberta, ...
, Alberta. In December 2000, Calfrac acquired Dynafrac Well Services Ltd. and with it a two-pumper fracturing spread, a shallow coiled tubing unit, a high rate nitrogen pumper and four acid pumpers. By the spring of 2001, Calfrac had acquired and constructed seven fracturing spreads plus other well stimulation equipment.
Early in 2002, CWS expanded to the U.S.
Rocky Mountain region
The Rocky Mountains, also known as the Rockies, are a major mountain range and the largest mountain system in North America. The Rocky Mountains stretch in straight-line distance from the northernmost part of western Canada, to New Mexico in ...
and started offering fracturing services through a field office in
Platteville,
Colorado
Colorado (, other variants) is a state in the Mountain West subregion of the Western United States. It encompasses most of the Southern Rocky Mountains, as well as the northeastern portion of the Colorado Plateau and the western edge of t ...
. Calfrac continued to construct more fracturing spreads in 2002 and 2003, and had nine complete spreads by the start of 2004. In addition to building fracturing spreads in 2003, CWS also purchased four shallow coiled tubing units from private companies to increase its fleet of coiled tubing units to eight.
In 2005, the company continued to expand and entered Russia to provide coiled tubing services. In 2007, Calfrac entered the Latin America market. Between 2007 and 2013, the company continued to expand through organic growth and strategic acquisitions.
In 2015, Calfrac became the first pressure pumping company to receive the American Petroleum Institute's (API) Specification Q2. Between 2015 and 2016, seven North American locations become certified under API Q2.
See also
*
List of oilfield service companies
This is a list of oilfield service companies – notable companies that provide services to the petroleum exploration and petroleum production, production industry but do not typically produce petroleum. In the list, notable subsidiary companies an ...
References
{{reflist
External links
Calfrac Well Services Ltd.Yahoo! - Summary of Calfrac Well Services Ltd.
Companies listed on the Toronto Stock Exchange
Oilfield services companies
Companies based in Calgary
Engineering companies of Canada