Source Energy Services Dividend Coverage

What does Source Energy Services do? Source Energy Services Ltd, founded in 2017, is a Canadian company specializing in the extraction, processing, and sale of proppants, also known as frac sand. The company is headquartered in Calgary, Alberta, and operates multiple branches in Canada and the USA. The frac sand industry is an important component of shale gas and shale oil production, as frac sand is a key component in fracturing technology. Shale gas and shale oil producers use a fluid consisting primarily of water and sand to hydraulically create cracks in underground rock formations. Fracturing creates pathways for oil and gas to flow to the surface through the cracks. The use of frac sand, specially treated and cleaned sand, enhances the effectiveness of the fluid and maximizes the permeability of the cracks. Source Energy Services offers a wide range of proppants tailored to the needs of its customers. The company produces and sells raw and processed sand, including Northern White Sand and Brown Sand, and also provides coatings that reduce the surface tension of the sand to ensure better flow of the fracturing fluid. Additionally, the company also offers transportation services to deliver the sand to its customers' production sites. Source Energy Services has a state-of-the-art processing facility in Wisconsin, USA, capable of producing and delivering large quantities of frac sand in a short period of time. The facility is equipped with advanced technologies and automated systems that improve the quality and efficiency of production while minimizing downtime. This ensures that the company can provide its customers with reliable and high-quality delivery of frac sand. Source Energy Services also offers a wide range of fracking services, including equipment rental, logistics, and operation of fracking equipment. The company provides comprehensive solutions tailored to its customers' needs. With an experienced team of engineers, technicians, and employees, the company can assist its customers in the planning, implementation, and optimization of fracturing projects. In summary, Source Energy Services Ltd offers its customers a wide range of frac sand products and services tailored to their needs. With its modern production facility and experienced team, the company can provide its customers with reliable and high-quality deliveries of proppants. The company's business model focuses on providing comprehensive solutions to customers in the shale gas and shale oil industry, positioning Source Energy Services as a key player in the frac sand industry. Source Energy Services is one of the most popular companies on Eulerpool.