Correction from Source: Calfrac Announces Fourth Quarter Results

CALGARY, Feb. 25, 2015 /CNW/ - A correction from source has been issued for the press release titled Calfrac Announces Fourth Quarter Results disseminated today at 5:59 AM ET. The table in the Canada section of Financial Overview – Three Months Ended December 31, 2014 versus 2013 should have stated operating expenses as $222,154. The updated table can be found below.

Canada

Three Months Ended December 31,

2014

2013

Change

(C$000s, except operational information)

($)

($)

(%)

(unaudited)




Revenue

296,983

197,112

51

Expenses




    Operating

222,154

157,775

41

    SG&A

7,265

4,334

68


229,419

162,109

42

Operating income(1)

67,564

35,003

93

Operating income (%)

22.8%

17.8%

28

Fracturing revenue per job ($)

279,103

188,660

48

Number of fracturing jobs

1,001

995

1

Pumping horsepower, end of period (000s)

394

389

1

Coiled tubing revenue per job ($)

30,400

26,617

14

Number of coiled tubing jobs

579

353

64

Coiled tubing units, end of period (#)

17

21

(19)

 

Calfrac's common shares are publicly traded on the Toronto Stock Exchange under the trading symbol "CFW".  Calfrac provides specialized oilfield services to exploration and production companies designed to increase the production of hydrocarbons from wells drilled throughout western Canada, the United States, Russia, Mexico, Colombia and Argentina.

SOURCE Calfrac Well Services Ltd.

For further information: on this conference call please contact Ian Gillies, Manager, Investor Relations at (403) 218-3422

RELATED LINKS
http://www.calfrac.com

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