“Canyon delivers success to its customers in the most technically-challenging
unconventional light oil and liquids-rich gas plays across western Canada. Canyon’s
success is driven by its highly capable people, rugged and new equipment, customized
reservoir approach, and safety-oriented attitude.”
“The Duvernay is extremely pressure-pumping intensive, requires massive amounts
of fracturing fluid and proppant, and each well is of great impact to the producer.
We’re very proud to be helping our customers succeed.”
“This year we had excellent operating performance, safety statistics and financial
performance. Margins exceeded our expectations and maintained Canyon’s industry-leading
level. Our success has enabled us to increase our dividend.”
“Canyon has a unique culture that allows us to retain a small-company feel
even as the Company grows. Our people work hard and have great capabilities, and
that shows in our success with customers and our strong safety performance.”
Coiled tubing is Canyon’s second-largest service line. Our modern, fit-for-purpose
equipment enables us to perform specialized services, including the first nitrogen-conveyed
fracturing system for natural gas
in coal (NGC) – Canyon’s original founding purpose in
2004. We also use coiled tubing to fracture shallower vertical and horizontal
wells, including multi-stage fracturing using sliding-sleeve ported collars. We
are licensed to provide the Exxon-Mobil
MZST process, which is conveyed through coiled tubing.
Coiled tubing is a versatile conveyance facilitating a variety of interventions
in the wellbore. It’s an enabling technology that increases the efficiency,
speed and safety, and reduces the cost of numerous tasks in the wellbore that are,
in turn, aimed at completing the well and/or improving its performance. Canyon’s
coiled tubing crews are highly experienced in all areas of coiled tubing operation
and tubing-conveyed tools and processes.
In addition to its specialized coiled tubing capabilities, Canyon offers all the
basic coiled tubing services: well cleanouts and blowdowns, acidizing, setting tools,
as well as milling and drilling, with heavy-duty specifications supporting continuous
24-hour pumping operations during drillouts.
Canyon’s equipment is modern and highly capable. We operate a mix of conventional
and mast-equipped coiled tubing units rated to as much as 6,600 metres’ total
measured depth and supporting a variety of downhole tool assemblies and well configurations,
including slant-drilled wells. We have pipe diameters ranging from 1.5” to
3.25”. Canyon was the first service company in Western Canada to offer 3.25”
diameter tubing, introducing producers to the depth and pumping rate advantages
of this larger-diameter tubing.
Please click here for detailed
information on Canyon’s coiled tubing equipment.