News Releases
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Dec 22, 2022
Calfrac Well Services Ltd. ("Calfrac" or "the Company") (TSX: CFW) is pleased to announce that the Company has initiated a multi-year fracturing fleet modernization plan for its North American...
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Dec 22, 2022
Calfrac Well Services Ltd. ("Calfrac" or "the Company") (TSX: CFW) is pleased to announce the completion of the conversion incentive program announced November 22, 2022 (the "Program") in respect...
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Nov 22, 2022
Calfrac Well Services Ltd. ("Calfrac" or "the Company") (TSX: CFW) is pleased to announce a conversion incentive program (the "Program") designed to encourage the early conversion of up to all of...
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Nov 2, 2022
Calfrac Well Services Ltd. ("Calfrac" or "the Company") (TSX: CFW) announces its financial and operating results for the three and nine months ended September 30, 2022. The following press release...
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Sep 29, 2022
Calfrac Well Services Ltd. ("Calfrac" or "the Company") (TSX: CFW) is pleased to announce that it has entered into an amended and restated credit agreement with its syndicate of Canadian financial...
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Sep 28, 2022
Calfrac Well Services Ltd. ("Calfrac") (TSX: CFW) intends to release its Third Quarter 2022 results before markets open on Wednesday, November 2, 2022, and has scheduled a conference call and...
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Sep 13, 2022
Calfrac Well Services Ltd. ("Calfrac" or "the Company") (TSX: CFW) is pleased to provide an operational and financial update for the third quarter of 2022 for its continuing operations in the...
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Jul 28, 2022
Calfrac Well Services Ltd. ("Calfrac" or "the Company") (TSX: CFW) announces its financial and operating results for the three and six months ended June 30, 2022. HIGHLIGHTS – CONTINUING...
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Jun 28, 2022
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) announces the repayment and cancellation yesterday of the Company's $25.0 million 8.00% secured bridge loan (the "Bridge Loan")...
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Jun 24, 2022
Calfrac Well Services Ltd. ("Calfrac") (TSX: CFW) intends to release its Second Quarter 2022 results before markets open on Thursday, July 28, 2022, and has scheduled a conference call and webcast...
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Jun 3, 2022
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) announces the appointment of Pat Powell as Chief Executive Officer of the Company effective today. Mr. Powell takes over...
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May 3, 2022
Calfrac Well Services Ltd. ("Calfrac") (TSX: CFW) is pleased to announce that, at its annual and special meeting of shareholders held today, each of the eight nominees proposed as a director and...
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May 3, 2022
Calfrac Well Services Ltd. ("Calfrac" or "the Company") (TSX: CFW) announces its financial and operating results for the three months ended March 31, 2022. HIGHLIGHTS - CONTINUING OPERATIONS Three...
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Mar 29, 2022
Calfrac Well Services Ltd. ("Calfrac") (TSX: CFW) intends to release its First Quarter 2022 results before markets open on Tuesday, May 3, 2022, and has scheduled a conference call and webcast to...
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Mar 28, 2022
Calfrac Well Services Ltd. ("Calfrac or "the Company") (TSX: CFW) announces the suspension of any investments in the Russian Federation as the Company meets its contractual obligations in strict...
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Mar 16, 2022
Calfrac Well Services Ltd. ("Calfrac" or "the Company") (TSX: CFW) announces its financial and operating results for the three months and years ended December 31, 2021. HIGHLIGHTS Three Months...
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Feb 10, 2022
Calfrac Well Services Ltd. ("Calfrac") (TSX: CFW) intends to release its Fourth Quarter 2021 results before markets open on Wednesday, March 16, 2022, and has scheduled a conference call and...
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Dec 17, 2021
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) is announcing changes to its executive officers. Effective today, George Armoyan has been appointed as the Company's interim...
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Nov 25, 2021
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) is pleased to announce that it has executed an agreement with its lenders which amends and increases its credit facilities (the...
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Nov 2, 2021
Calfrac Well Services Ltd. ("Calfrac" or "the Company") (TSX: CFW) announces its financial and operating results for the three and nine months ended September 30, 2021. HIGHLIGHTS Three Months...
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Sep 28, 2021
Calfrac Well Services Ltd. ("Calfrac") (TSX: CFW) intends to release its Third Quarter 2021 results before markets open on Tuesday, November 2, 2021 and has scheduled a conference call and webcast...
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Jul 29, 2021
Calfrac Well Services Ltd. ("Calfrac" or "the Company") (TSX: CFW) announces its financial and operating results for the three and six months ended June 30, 2021. HIGHLIGHTS Three Months Ended...
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Jul 14, 2021
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) announces that yesterday the Ontario Securities Commission ("OSC") dismissed the application by Wilks Brothers, LLC ("Wilks...
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Jun 30, 2021
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) is pleased to announce that it has entered into an agreement with its lenders which amends and extends its credit facilities (the...
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Jun 21, 2021
Calfrac Well Services Ltd. ("Calfrac") (TSX: CFW) intends to release its Second Quarter 2021 results before markets open on Thursday, July 29, 2021 and has scheduled a conference call and webcast...
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Jun 2, 2021
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) announces that Wilks Brothers, LLC and its affiliated funds ("Wilks Brothers") filed an appeal yesterday to the U.S. Court of...
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May 27, 2021
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) announces that the Supreme Court of Canada has dismissed the leave to appeal application by Wilks Brothers, LLC ("Wilks...
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May 4, 2021
Calfrac Well Services Ltd. ("Calfrac") (TSX: CFW) is pleased to announce that, at its annual meeting of shareholders held today, each of the seven nominees proposed as a director and listed in its...
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Apr 29, 2021
Calfrac Well Services Ltd. ("Calfrac" or "the Company") (TSX: CFW) announces its financial and operating results for the three months ended March 31, 2021. HIGHLIGHTS Three Months Ended March 31, 2021
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Apr 23, 2021
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) confirms that a hearing was held today, in the U.S. District Court for the Southern District of Texas, to consider the appeal...
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Apr 19, 2021
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) announced today that its annual meeting of shareholders scheduled for Tuesday, May 4, 2021, at 3:30 p.m. (Calgary time) at the...
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Apr 15, 2021
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) announced today the completion of the rescission of the purchase of the previously described $1,050,000 of 1.5 Lien Notes...
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Mar 29, 2021
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) announced today that the Toronto Stock Exchange (the "TSX") has granted the relief requested by Calfrac, as referenced in...
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Mar 16, 2021
Calfrac Well Services Ltd. ("Calfrac") (TSX: CFW) intends to release its First Quarter 2021 results before markets open on Thursday, April 29, 2021, and has scheduled a conference call and webcast...
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Mar 12, 2021
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) announced today the next step it is pursuing to modify one element of its prior disclosure by making an application to the...
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Mar 4, 2021
Calfrac Well Services Ltd. ("Calfrac" or "the Company") (TSX: CFW) announces its financial and operating results for the three months and year ended December 31, 2020. HIGHLIGHTS Three Months...
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Mar 1, 2021
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) announced today the modification of its prior disclosure on one matter and its intention to make an application to the Court of...
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Feb 9, 2021
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) had applied to the U.S. District Court for the Southern District of Texas to dismiss, on an expedited basis, a further appeal...
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Jan 26, 2021
Calfrac Well Services Ltd. ("Calfrac") (TSX: CFW) intends to release its Fourth Quarter 2020 results before markets open on Thursday, March 4, 2021, and has scheduled a conference call and webcast...
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Dec 23, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) completed its previously announced recapitalization transaction on December 18, 2020 (the "Recapitalization Transaction"). Among...
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Dec 18, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) is very pleased to announce the completion of its previously disclosed amended recapitalization transaction. The amended...
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Dec 7, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) is announcing its 2021 capital program of approximately $55.0 million, which consists primarily of maintenance capital...
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Dec 2, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) advises that it has prevailed in Wilks Brothers, LLC ("Wilks Brothers") latest attempt to thwart the completion of Calfrac's...
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Dec 2, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) is announcing that yesterday it prevailed in its request for entry of an order under Chapter 15 of the United States Bankruptcy...
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Nov 27, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) advises that Wilks Brothers, LLC ("Wilks Brothers") has lost its latest attempt to stall Calfrac's Amended Recapitalization...
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Nov 25, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) confirms that a hearing was held today, in the Alberta Court of Appeal, to consider the appeal by Wilks Brothers, LLC, of the...
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Nov 12, 2020
Calfrac Well Services Ltd. ("Calfrac" or "the Company") (TSX: CFW) announces its financial and operating results for the three and nine months ended September 30, 2020. HIGHLIGHTS Three Months...
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Nov 2, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) announces that it has obtained a final order from the Court of Queen's Bench of Alberta (the "Court") approving its Plan of...
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Oct 29, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) confirms that a final order hearing was held yesterday, in the Court of Queen's Bench of Alberta, to consider the approval of its...
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Oct 16, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) today announced that Calfrac's Shareholders and Unsecured Noteholders have overwhelmingly approved the Company's Amended...
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Oct 13, 2020
The Amended Recapitalization Transaction is the only viable transaction available to Calfrac Shareholders. It is the only transaction being voted on at the meetings on Friday, October 16, 2020...
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Oct 9, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) has reviewed the Notice of Change and Variation in the Wilks Brothers Takeover Bid filed on October 8, 2020 (the "Notice of...
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Oct 8, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) responded today to the latest press release from Wilks Brothers, particularly highlighting the continuing deficiencies and...
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Oct 6, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) today summarized the current status of its Amended Recapitalization Transaction: What Shareholders Need to Know: Calfrac's Offer:...
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Oct 5, 2020
To cut through the noise and confusion of the misleading statements being made by Wilks Brothers, we are writing this letter to explain to our stakeholders, in clear and concise terms, why the...
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Sep 30, 2020
Calfrac Well Services Ltd. ("Calfrac") (TSX: CFW) intends to release its Third Quarter 2020 results before markets open on Thursday, November 12, 2020, and has scheduled a conference call and...
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Sep 28, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) responded today: The noise and distraction around Calfrac's improved Amended Recapitalization Transaction (the "Amended...
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Sep 24, 2020
Calfrac's Amended Recapitalization Transaction is the best alternative for Shareholders. It remains the only transaction being voted on at the upcoming Meetings and the only transaction capable of...
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Sep 14, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) announces the postponement of the shareholders and unsecured noteholders meetings with respect to its proposed Recapitalization...
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Sep 11, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) acknowledges receipt of an unsolicited offer by THRC Holdings L.P., an affiliate of Wilks Brothers, LLC, to acquire all of the...
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Sep 8, 2020
Glass Lewis independently agrees that Calfrac's proposed Recapitalization Transaction is the Only Executable Transaction available to Calfrac Unsecured Noteholders and Shareholders. The situation...
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Sep 2, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) is announcing that Wilks Brothers, LLC ("Wilks Brothers") has lost its latest attempt to litigate against Calfrac's...
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Sep 1, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) is announcing that it has prevailed in its request for entry of a recognition order under Chapter 15 of the United States...
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Aug 28, 2020
Fact: The Recapitalization Transaction is the only transaction being voted on. It is recommended that all Calfrac stakeholders VOTE FOR this transaction. Fact: Holders of 78% of the Unsecured...
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Aug 21, 2020
The Recapitalization Transaction remains the only transaction being voted upon, notwithstanding other contrary assertions in the media. The Recapitalization Transaction already has the contractual...
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Aug 17, 2020
(TSX: CFW) As previously disclosed, Calfrac Well Services Ltd. ("Calfrac" or the "Company") received an alternative business proposal from Wilks Brothers, LLC ( "Wilks Brothers") on August 4,...
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Aug 7, 2020Calfrac Obtains Interim Order in Connection with Recapitalization Transaction And Announces Meetings
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) announces that it has obtained an interim order in connection with the Company's previously announced recapitalization...
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Aug 4, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) acknowledges today's announcement by Wilks Brothers, LLC ("Wilks Brothers") that Wilks Brothers has submitted an alternative...
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Jul 30, 2020
Calfrac Well Services Ltd. ("Calfrac" or "the Company") (TSX: CFW) announces its financial and operating results for the three and six months ended June 30, 2020. HIGHLIGHTS Three Months Ended...
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Jul 22, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) is pleased to announce that it has additional support for the Company's previously announced recapitalization transaction (the...
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Jul 14, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) announces that Calfrac and certain related entities (collectively, the "Calfrac Applicants") have obtained a preliminary interim...
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Jun 29, 2020
Calfrac Well Services Ltd. ("Calfrac") (TSX: CFW) intends to release its Second Quarter 2020 results before markets open on Thursday, July 30, 2020 and has scheduled a conference call and webcast...
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Jun 25, 2020
Calfrac Well Services Ltd. ("Calfrac" or "the Company") (TSX: CFW) announces its financial and operating results for the three months ended March 31, 2020. HIGHLIGHTS Three Months Ended March 31, 2020
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Jun 16, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) is announcing that, further to its April 28, 2020 press release, the Company is continuing to rely on ASC Blanket Order 51-517...
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Jun 15, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) is announcing that the Company has elected to defer the cash interest payment due on June 15, 2020 in respect of its outstanding...
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Jun 9, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX: CFW) provides the following comment on the recent increase in the trading volume and price of the Company's common shares on the...
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May 6, 2020
Calfrac Well Services Ltd. ("Calfrac") (TSX–CFW) is pleased to announce that, at its annual and special meeting of shareholders held yesterday, each of the seven nominees proposed as a director...
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Apr 28, 2020
Calfrac Well Services Ltd. ("Calfrac") (TSX-CFW) is announcing a change in the location for its annual and special meeting (the "Meeting") of shareholders which will be held on Tuesday, May 5, 2020 at
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Apr 28, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX-CFW) is announcing that the filing of the Company's interim financial statements for the three month period ended March 31, 2020 (the...
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Apr 8, 2020
Calfrac Well Services Ltd. ("Calfrac") (TSX: CFW) intends to release its First Quarter 2020 results before markets open on Thursday, April 30, 2020 and has scheduled a conference call and webcast...
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Mar 27, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX-CFW) is announcing reductions to its 2020 capital program and North American operating footprint as a result of the rapid and...
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Mar 5, 2020
Calfrac Well Services Ltd. ("Calfrac" or "the Company") (TSX-CFW) announces its financial and operating results for the three months and year ended December 31, 2019. HIGHLIGHTS Three Months Ended...
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Feb 25, 2020
Calfrac Well Services Ltd. ("Calfrac") (TSX-CFW) is pleased to announce the expiration of the previously announced offer by Calfrac Holdings LP ("Calfrac Holdings"), a Delaware limited partnership...
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Feb 10, 2020
Calfrac Well Services Ltd. ("Calfrac") (TSX-CFW) is pleased to announce the early tender results of the previously announced offer by Calfrac Holdings LP ("Calfrac Holdings"), a Delaware limited...
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Jan 27, 2020
Calfrac Well Services Ltd. ("Calfrac") (TSX-CFW) is pleased to announce that Calfrac Holdings LP ("Calfrac Holdings"), a Delaware limited partnership which is indirectly wholly-owned by Calfrac,...
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Jan 27, 2020
Calfrac Well Services Ltd. ("Calfrac" or "the Company") (TSX-CFW) is pleased to provide an operational update with respect to its fourth quarter of 2019 preliminary results (all amounts are in...
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Jan 14, 2020
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX-CFW) is announcing its 2020 capital program of approximately $100.5 million, which consists primarily of maintenance capital...
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Oct 31, 2019
Calfrac Well Services Ltd. ("Calfrac" or "the Company") (TSX-CFW) announces its financial and operating results for the three and nine months ended September 30, 2019. HIGHLIGHTS On January 1,...
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Oct 3, 2019
Calfrac Well Services Ltd. ("Calfrac") (TSX: CFW) intends to release its Third Quarter 2019 results before markets open on Thursday, October 31, 2019 and has scheduled a conference call and...
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Aug 1, 2019
In the news release, Calfrac Announces 2019 Second Quarter Results, issued 01-Aug-2019 by Calfrac Well Services Ltd. over CNW, we are advised by the company that figures in the Statement of...
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Jul 10, 2019
Calfrac Well Services Ltd. ("Calfrac") (TSX: CFW) intends to release its Second Quarter 2019 results before markets open on Thursday, August 1, 2019 and has scheduled a conference call and webcast...
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Jun 10, 2019
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX-CFW) announced today that Fernando Aguilar, Calfrac's President and Chief Executive Officer, will be retiring from the Company. Ronald...
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May 8, 2019
Calfrac Well Services Ltd. ("Calfrac") (TSX-CFW) provides this update concerning the action commenced by Calfrac on May 30, 2018 against Wilks Brothers, LLC ("Wilks Brothers") in the Alberta Court...
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May 8, 2019
Calfrac Well Services Ltd. ("Calfrac") (TSX–CFW) is pleased to announce that, at its annual meeting of shareholders held today, each of the seven nominees proposed as a director and listed in...
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May 1, 2019
Calfrac Well Services Ltd. ("Calfrac" or "the Company") (TSX-CFW) announces its financial and operating results for the three months ended March 31, 2019. HIGHLIGHTS On January 1, 2019, Calfrac...
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Mar 29, 2019
Calfrac Well Services Ltd. ("Calfrac") (TSX: CFW) intends to release its First Quarter 2019 results before markets open on Wednesday, May 1, 2019 and has scheduled a conference call and webcast to...
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Feb 28, 2019
Calfrac Well Services Ltd. ("Calfrac" or "the Company") (TSX-CFW) announces its financial and operating results for the three months and year ended December 31, 2018. HIGHLIGHTS Three Months Ended...
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Feb 6, 2019
Calfrac Well Services Ltd. ("Calfrac") (TSX: CFW) intends to release its Fourth Quarter 2018 results before markets open on Thursday, February 28, 2019 and has scheduled a conference call and...
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Dec 14, 2018
Ronald P. Mathison, Chairman of Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX–CFW), commented today: "The controversy that has resulted in the cancellation of the energy portion...
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Dec 5, 2018
Calfrac Well Services Ltd. ("Calfrac" or the "Company") (TSX-CFW) is announcing its 2019 capital program of approximately $149 million which includes $126 million of maintenance capital, $11...