Essential Energy Services Ltd. is a Canada-based company. The Company operates the coil well servicing fleet in the Western Canadian Sedimentary Basin (WCSB). There are three distinct types of operations within Essential's coil well service operation: deep coil tubing, other coil tubing and pumpers. Deep coil tubing includes both masted and conventional coil tubing rigs that have a depth capacity of up to 6,600 meters. The deep coil tubing rigs provide completion, stimulation and work-over services on long reach horizontal wells. Other coil tubing include shallow/intermediate conventional coil tubing rigs that have a depth capacity of up to 2,500 meters. These rigs primarily provide work-over services on existing wells. The coil tubing rigs are supported by a fleet of nitrogen pumpers and fluid pumpers. The pumpers provide circulation through coil tubing. On February 2, 2012, Essential sold its electric wireline assets to Welltec Canada Inc.
Livingston Place West, 250 - 2 Street SW
CALGARY, AB, Canada T2P 0C1
|Independent Chairman of the Board||James Banister|
|President, Chief Executive Officer, Director||Garnet Amundson|
|Chief Financial Officer, Vice President - Finance||Allan Mowbray|
|Chief Operating Officer||Donald Webster|
|Senior Vice President - Corporate||Jeffrey Newman|
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|Shares Out.||124.2M||Book Value||$2.44|
|Annual Dividend Rate||$0.10||Price/Sales (TTM)||1.0|
|Ex-Div Date||6/26/13||P/Cash Flow (TTM)||5.7x|
|Pay Date||7/15/13||Operating Margin||12.59%|
*GAAP = prior to non-GAAP analyst adjusted earnings.