Calfrac Well Services Ltd. is an oilfield services corporation operating in Western Canada, Colorado, and Western Siberia, with more than 800 employees. Calfrac supplies a wide range of products and services from hydraulic fracturing; coiled tubing; well cementing and other well stimulation services. Image File history File links No higher resolution available. ... “TSX” redirects here. ... Nickname: Motto: Onward Location of Calgary in Alberta Coordinates: , Country  Canada Province  Alberta Region Calgary Region Census division 6 Established 1875 Incorporated 1884 (town)   1894 (city) Government [1]  - Mayor Dave Bronconnier (Past mayors)  - Governing body Calgary City Council  - Manager Owen A. Tobert  - MPs List of MPs Diane Ablonczy Rob Anders... A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... For the tax agency in the United Kingdom of the same name, see HM Revenue and Customs. ... The dollar (currency code CAD) has been the currency of Canada since 1858. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos and other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... Drilling rig in a small oil field Near Sarnia, Ontario, 2001 An oil field is an area with an abundance of oil wells extracting petroleum (oil) from below ground. ... It has been suggested that Western Siberia be merged into this article or section. ... It has been suggested that Fracing, Reservoir fracturing be merged into this article or section. ...

Business

Operating revenue in 2005 was CDN$314,325 with a market capitalization of CDN$1,460,201. The dollar (currency code CAD) has been the currency of Canada since 1858. ... Market capitalization, or market cap, is a measurement of corporate or economic size equal to the stock price times the number of shares outstanding of a public company. ...

History

Calfrac Well Servicing Ltd. (CWS) was founded in June 1999 as a private corporation by Ronald P. Mathison, Douglas Ramsay, Gordon Dibb, and Robert (Robbie) Roberts. At that time, Calfrac had a single coiled tubing unit and was based in Medicine Hat, 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. In English Law and other countries with similar laws a private limited company by shares (limited or Ltd. ... The term privately held company refers to ownership of a business company in two different ways—first, referring to ownership by non-governmental organizations; and second, referring to ownership of the companys stock by a relatively small number of holders who do not trade the stock publicly. ... Medicine Hat is a city of about 50,000 people located in the southeastern part of the province of Alberta, Canada on the Trans-Canada Highway Number 1 and on the South Saskatchewan River. ...

Early in 2002, CWS expanded to the U.S. Rocky Mountain region by setting up a field office in Platteville, Colorado, and began providing fracturing services in the U.S., mostly to EnCana. 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. EnCana Corporation is one of the worlds largest independently owned oil and gas companies. ...

In March 2004 Denison Energy Inc. reorganized and transferred all material assets to Denison Mines Inc. and Denison Oil Corporation (parent of Denison Resources Inc.), leaving income tax attributes and the purchase option agreement among Calfrac, Matco Investments (on behalf of itself and the other shareholders of Calfrac) and Denison Energy Inc. granting an irrevocable option to Denison Energy Inc. to purchase all of the issued and outstanding shares of Calfrac for an aggregate purchase price of approximately CDN$227.5 million less the net debt of Calfrac of approximately CDN$83.6 million. Denison Energy Inc. then de-incorporated from Ontario, and incorporated within Alberta. Following this, Matco Investments acquired class A common shares from the treasury (representing 45% of the total number of issued and outstanding class A common shares). Denison Energy Inc. then amalgamated with Calfrac and changed it's name to Calfrac Well Services Ltd. A shareholder or stockholder is an individual or company (including a corporation), that legally owns one or more shares of stock in a joint stock company. ... This article or section does not adequately cite its references or sources. ... Common stock, also referred to as common shares, are, as the name implies, the most usual and commonly held form of stock in a corporation. ... Consolidation is the act of merging many things into one. ...

The original founders of CWS remained with Calfrac, and form part of the current Board of Directors.

See also

• List of oilfield service companies

The list of oilfield service companies includes companies that provide services to the petroleum exploration and production industry but that do not typically produce petroleum themselves. ...

External links

• Calfrac well Services Ltd.
• System for Electronic Document Analysis and Retrieval (SEDAR)
• Yahoo! - Summary of Calfrac Well Services Ltd.