Fracking Service Calfrac Revenue Down, Marcellus Work Up in 2Q13
Calfrac, a Canadian oilfield services company that provides shale fracking services for drillers worldwide, including in the Marcellus Shale, issued their second quarter update today. Calfrac reports revenue was down from a year ago (14%) due to low gas prices and bad weather in Canada. However, they also report an uptick in business coming from the Marcellus.
Selected sections from the Calfrac update mentioning the Marcellus: