Calgary-based Calfrac Well Services Ltd. (stock ticker: CFW) provided details today on its 2019 capital program:

Approximately $149 million will be spent, including $126 million of maintenance capital
$11 million of refurbishment capital and $12 million related to corporate initiatives
Approximately $10 million that is remaining from Calfrac's 2018 capital program is expected to be spent in 2019

Fernando Aguilar, Calfrac's president and CEO, said that more than 80% of the announced capital program relates to Calfrac business outside of Canada.

Calfrac operates in Canada, the United States, Russia and Argentina....

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