Source Energy Services Ltd. (SHLE)

Overview

Source Energy Services Ltd. is a distinguished company that specializes in the production and distribution of Northern White frac sand, a critical material used primarily in the oil and gas exploration and production sectors, both in Canada and the United States. The company has carved a niche for itself in the industry since its inception in 1998, providing not only key materials but also offering invaluable storage and logistics services for bulk oil and gas well completion materials. With its headquarters located in Calgary, Canada, Source Energy Services Ltd. has established a robust presence in North America's energy sector, leveraging its expertise and innovative solutions to cater to the needs of its diverse clientele.

Products and Services

• Northern White Frac Sand: A high-quality sand used extensively in hydraulic fracturing operations to extract oil and natural gas. Source Energy Services Ltd.'s production and distribution operations for this sand enable energy producers to optimize the efficiency and productivity of their wells.

• Storage and Logistics Services: Recognizing the complexities involved in the supply chain of oil and gas exploration and production materials, the company provides comprehensive storage and logistics services. These services are designed to ensure that materials like frac sand and other bulk well completion materials are stored efficiently and transported safely and timely to the well sites, reducing operational downtime and enhancing project efficiency.

• Sahara Well Site Mobile Sand Storage and Handling System: An innovative solution developed by Source Energy Services Ltd., the Sahara system revolutionizes on-site sand storage and handling. This mobile system ensures that frac sand is efficiently managed at the wellsite, significantly reducing the environmental footprint of operations, cutting down logistics costs, and improving the overall wellsite safety and productivity.