Calfrac announces dividend and provides capital update

CALGARY, Dec. 4, 2014 /CNW/ - Calfrac Well Services Ltd. ("Calfrac") (TSX–CFW) is pleased to announce that its Board of Directors has declared a dividend pursuant to its quarterly dividend policy.  The dividend of $0.125 per common share will be paid on January 15, 2015 to shareholders of record on December 31, 2014.

Calfrac is continuing to evaluate its 2015 capital program and carryover capital from its 2014 capital program, and expects to make an announcement in that regard in the first quarter of 2015 when it will have greater visibility on its customers' capital spending for the year.

Calfrac's common shares are publicly traded on the Toronto Stock Exchange under the trading symbol "CFW".  Calfrac provides specialized oilfield services to exploration and production companies designed to increase the production of hydrocarbons from wells drilled throughout western Canada, the United States, Russia, Mexico, Colombia and Argentina.

SOURCE: Calfrac Well Services Ltd.

Fernando Aguilar, President and Chief Executive Officer, Telephone: [phone], Fax: [phone]; Michael J. McNulty, Chief Financial Officer, Telephone: [phone], Fax: [phone]; Ian Gillies, Manager, Investor Relations, Telephone: [phone], Fax: [phone]