CALGARY – Essential Energy Services Ltd. (TSX:ESN) is laying plans for $60 million of capital spending next year, with about two-thirds of it for growth projects, the oilfield services company says.
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Essential expects to spend $29 million on newly announced growth projects, and $10 million to complete previously announced equipment fabrication. It will also spend $21 million on maintenance capital, the company announced Monday.
It operates a fleet of 50 coil tubing rigs and 59 service rigs used by oil and gas producers in Western Canada.
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