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Calfrac Well Services Ltd.

Oilfield Services ~220 employees
Founded
--
Employees (Est.)
~220
11 leaders known
Total Funding
$89.5M
Funding Rounds
4
Last Funding
2025-12-23

About Calfrac Well Services Ltd.

Calfrac Well Services Ltd is a leading independent provider of specialized oilfield services, operating in North America and Argentina. The company focuses on hydraulic fracturing, coiled tubing, cementing, and other well stimulation services to enhance the production of crude oil and natural gas for its clients. With a fleet of approximately 1.2 million horsepower, it is the largest Canadian-headquartered hydraulic fracturing company, guided by the brand promise of 'Do it Safely, Do it Right, Do it Profitably' to drive long-term shareholder value.

Products & Services

Hydraulic Fracturing:A service designed to increase the production of crude oil and natural gas through well stimulation.
Coiled Tubing:A specialized oilfield service for well intervention and stimulation to enhance production.
Cementing:A service focused on well integrity and support during the drilling and completion process.

Specialties

Hydraulic Fracturing Coiled Tubing Cementing Well Stimulation Services

Funding History

Debug: View Raw Funding Data
# Type Amount Fields Date Fields Investors
1 RT: Rights Offering
T: -
FT: Rights Offering
A: 35000000
MR: -
FA: approximately $35.0 million
FAN: 35000000
D: 2025-12-23
FD: 2025-12-23
2 investors
2 RT: Rights Offering
T: -
FT: Rights Offering
A: 1367386
MR: -
FA: $1,367,386.18
FAN: 1367386
D: 2025-12-23
FD: 2025-12-23
2 investors
3 RT: Rights Offering
T: -
FT: Rights Offering
A: 18161462
MR: -
FA: $18,161,462.37
FAN: 18161462
D: 2025-12-22
FD: 2025-12-22
1 investors
4 RT: Rights Offering
T: -
FT: Rights Offering
A: 35000000
MR: -
FA: C$35,000,000
FAN: 35000000
D: 2025-11-14
FD: 2025-11-14
5 investors
Rights Offering Latest
2025-12-23
$35.0M
2 investors (Pro only)
Rights Offering 2025-12-23
$1.4M
Rights Offering 2025-12-22
$18.2M

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Growth Metrics

+45%
Employee Growth
YoY
3.2x
Funding Growth
Last Round
12
Markets
Operating
10K+
Customers
Active

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Team & Leadership

M

Mike Olinek

Chief Financial Officer

G

Gord Milgate

President, Canadian Operations

M

Marco Aranguren

President, United States Operations

A

Adrian Martinez

Director General, Argentina Division

R

Ron Mathison

Chairman

D

Doug Ramsay

Vice Chairman

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Recent News

Calfrac Well Services Ltd. Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Read more →

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

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Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Read more →

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Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised

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Company Details

Industries
Oilfield Services
Company Size
~220 employees (est.)

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Technology Stack

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