“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.”
President & CEO
“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.”
“By 2012 the Canyon team had grown to 700 people, but our unique culture has allowed us to retain a small-company
feel even as the Company grows.”
Canyon’s approach to environmental protection centres on two main principles: employ environmentally friendly materials
wherever possible, and use the most modern available equipment to minimize the risks of spills or leakage.
The primary responsibility for environmental protection on an oil and natural gas wellsite in Western Canada rests with
the operator of the well, i.e., the oil and natural gas producer that is having the well drilled and completed. Service
companies such as Canyon have a strong role to play by ensuring that their equipment, materials and procedures minimize
the risks of environmental impacts. Canyon follows the environmental and safety policies of each individual customer, unless
our standards supersede the customer’s, so that we follow best practices in all cases.
Equipment – Canyon’s philosophy is that ultra-modern, heavy-duty equipment is far less likely
to leak or fail outright than older, lower-capacity equipment, especially on today’s high-pressure, high-rate fracturing
jobs and the increasing prevalence of 24-hour operations. Quite simply, newer equipment, when combined with expert and committed
crews, reduces the likelihood of environmental mishap.
In addition to being new and heavy-duty, Canyon’s equipment has built-in environmental protection features. All trucks
carry drip trays to capture even tiny leaks and avoid ground contamination. We are also using double containment in any
areas with potential for leakage, even where not required by regulations.
Materials – We are continually updating the products we use with materials that are friendlier to
the environment. This includes our fracturing fluid additives and other downhole chemistries, as well as materials we need
to operate, from cleaners used in our maintenance shops to the coolant/antifreeze in our truck engines.
Canyon has made a major commitment to
greener downhole chemistries. We offer a green alternative for every formulation in our product line-up and we’re
fully up-to-date with regulatory requirements potable groundwater protection.
We’re also greening the materials we use to operate. This includes a recently introduced, non-glycol-based potable
antifreeze that is both safer to handle and non-environmentally-damaging if accidentally spilled. The new product performed
well even at -40° C, so we have introduced it into all our truck and chassis-mounted engines.
Latest News Release
June 19, 2013
TSX: 12.11 0.02
Quote delayed minimum of 15 minutes
What is hydraulic fracturing? Click here to find out more.
May 22, 2013
Location - The Petroleum Club Calgary, Alberta
Q1 Investor Phone Conference
Connect with Us
© Canyon Technical Services Ltd. All Rights Reserved. Canyon Technical Services Ltd. is a wholly owned subsidiary of
Canyon Services Group Inc.