Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Reducing Carbon Emissions

Environmental Achievements

• Upgraded first fracturing fleet with Tier 4 DGB engines, displacing up to 85% of diesel with natural gas, resulting in lower fuel consumption and reduced CO2 and particulate matter emissions.
• Planned upgrade of a second fleet with Tier 4 DGB technology, bringing total Tier 4 DGB fleet to 84,000 HHP.

Social Achievements

• Published 2020 ESG report outlining key metrics, initiatives, and areas of focus.
• Share repurchase and cancellation of 10,298,811 shares under NCIB program.

Governance Achievements

• Renewal of NCIB program to purchase up to 24.7 million common shares.

Climate Goals & Targets

Environmental Challenges

• Inflationary pressures in fuel, proppant, parts, and labor.
• Shortage of qualified personnel.
• Customer budget exhaustion and seasonal slowdowns impacting activity levels.
• Credit risk and dependence on major customers.
• COVID-19 related impacts on supply chain, personnel, market pricing, and customer demand.

Mitigation Strategies

• Successful price increases in all operating divisions.
• Strong cost control, particularly related to personnel, third-party charges, and equipment maintenance.
• Focus on retaining existing staff and attracting new talent.
• Regular review of capital equipment requirements and adjustment of capital budget to reflect changing conditions.
• Implementation of health and safety measures to mitigate COVID-19 risks.
• Impairment analysis performed at each reporting date to measure expected credit losses.

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products (Tier 4 DGB engines)

Sustainable Products & Innovation

• Tier 4 DGB engines

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Upgraded existing equipment and incorporated CAT Tier 4 Dynamic Gas Blending (“DGB”) engine technology, displacing up to 85% of diesel used with cleaner burning natural gas, resulting in lower fuel consumption, reduced carbon dioxide and particulate matter emissions.
• Successfully deployed Canada's first next generation fracturing fleets in 2022.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Challenges in attracting and retaining qualified personnel

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Tier 4 DGB fleets

Awards & Recognition

• Not disclosed