FRC Performance on TSX




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Financial Overview

Our Investment Value

Canyon Technical Services and Fraction Energy Services are subsidiaries of Canyon Services Group.  We’re a publicly traded company and our shares trade on the Toronto Stock Exchange under the symbol “FRC”.


Our management team is highly focused on the bottom line and treats our investors’ dollars like they are our own.


Since our recapitalization in late 2009, Canyon has increased its fleet-wide size from 38,000 hydraulic horsepower (HHP) to 255,000 HHP exiting 2015.

Our business continues to be tightly focused on delivering pressure-pumping services in Western Canada. Our geographic focus, served by carefully chosen operating bases, contributes to a high ratio of revenue to fixed costs.


Capacity Growth in 7 Years


Pricing of pressure-pumping services is highly competitive, so the key to profitability is efficiency. Our up-to-date equipment is a major contributor to efficiency - maximizing utilization and minimizing downtime - as are our second to none training program and training facilities. Beyond that, our efficiency stems from maintaining a relentless top-to-bottom focus on executing all tasks to a high standard and in a timely manner.

Our fleet-wide average equipment age is less than five years

Market expansion

Demand for pressure-pumping services continues to grow as Canadian oil and natural gas producers drill more horizontal wells completed with multiple hydraulic fractures. Although the overall number of wells to be drilled in Western Canada may not be increasing, individual wells are becoming more capital-intensive, and the ratio of capital spending focused on completing those wells is increasing. We estimate that well completions in Western Canada now include an average of over 25 fractures per well drilled. Canyon foresees these trends driving continued growth in demand.

Advancements in hydraulic fracturing have allowed us to realize more production with fewer wells.