We are excited to announce that Cathedral Energy Services is now ACT Energy Technologies Ltd. Our name has changed but our story continues. Follow ACT Energy Technologies Ltd. on our new LinkedIn: https://bit.ly/3LbDp0m
Cathedral Energy Services
Oil and Gas
Calgary, Alberta 9,343 followers
BETTER PERFORMANCE EVERY DAY
About us
Cathedral Energy Services (TSX:CET) is a trusted partner to North American energy companies requiring high performance directional drilling services. We work in collaboration with our customers to tailor our equipment and expertise to meet their specific geographical and technical needs.Our experience, technologies and responsive personnel enable our customers to achieve higher efficiencies and lower project costs. Since 1998, Cathedral Energy Services has been committed to delivering exceptional service and innovative drilling technologies. With local operation centers in each of the key basins across North America, Cathedral is strategically positioned to meet our customers’ evolving requirements.
- Website
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http://www.cathedralenergyservices.com/
External link for Cathedral Energy Services
- Industry
- Oil and Gas
- Company size
- 201-500 employees
- Headquarters
- Calgary, Alberta
- Type
- Public Company
- Founded
- 1998
- Specialties
- Directional Drilling, nDURANCE® High Peformance Drilling Motors, and FUSION™ MWD High Performance Technology Platform
Locations
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Primary
Get directions
6030 - 3rd Street SE
Calgary, Alberta T2H 1K2, CA
Employees at Cathedral Energy Services
Updates
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UPCOMING NAME CHANGE AND SHARE CONSOLIDATION! Cathedral’s name change to “ACT Energy Technologies Ltd.” will become official on July 3rd! See our full press release here: Altitude Energy Partners Rime Downhole Technologies
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UPCOMING NAME CHANGE! Cathedral Energy Services will be changing its name to ACT Energy Technologies Ltd. The new name reflects our commitment to technological innovation and providing customers with an exceptional level of service. Concurrent with the name change, the Company’s Canadian operations, which currently operate as “Cathedral Energy Services”, will begin operating under the name “Altitude Energy Partners”. The new name will become official in the coming weeks. See our full press release here: https://lnkd.in/e_jhqXfm Altitude Energy Partners Rime Downhole Technologies
CATHEDRAL ANNOUNCES NEW INDEPENDENT DIRECTOR, UPCOMING NAME CHANGE TO "ACT ENERGY TECHNOLOGIES LTD.", AND UPCOMING SHARE CONSOLIDATION
newswire.ca
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We are pleased to announce our Second Quarter 2023 financial results, with Q2 revenues up 316% y/y and Adjusted EBITDAS up 543% y/y. Revenue and Adjusted EBITDAS both set new records for the Company’s second quarter. “With approximately 70% of our revenue on an annualized basis generated in the U.S., the transformative growth in our U.S. business offset the seasonal lows in Canada and bolstered Adjusted EBITDAS, cash flow and net income in a quarter, which is typically challenging” stated President and CEO, Tom Connors. “As well, our recent acquisition of Rime Downhole Technologies will provide a pipeline of technology that has wide market acceptance and adoption,” he added. Cathedral has focused on building size and scale in the last two years and is now one of North America’s largest independent directional drilling companies. For more information on our 2023 Q2 results, please see our press release: https://lnkd.in/d5nKy49E #Oilandgasnews #energynews #pressrelease
Cathedral Energy Services Ltd. Further Progresses Plan with Record Second Quarter
newswire.ca
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Cathedral Energy Services reposted this
Recently in Alberta, Canada, Archer Exploration Corp along with Buffalo Drilling Rig 1, drilled the longest one-run to TD within the Charlie Lake formation out of any hole size to date. Even more, this run surpassed the previous record set with an RSS. Utilizing Ulterra’s 171 mm CF613 on a conventional motor, the crew drilled from 1,416 m to 6,560 m — drilling a record-setting 5,144 meters. Partnering with Cathedral Energy Services, Buffalo Drilling, and our team — the run, consisting of a portion of the vertical into the build to lateral TD, was drilled in 226.2 hours. #Ulterra #Canada #Drilling