Calfrac announces organizational changes and first quarter 2014 earnings release and conference call

CALGARY, April 17, 2014 /CNW/ - Calfrac Well Services Ltd. ("Calfrac") (TSX- CFW) is pleased to announce that Bruce Payne, formerly Calfrac's Vice President, Global Operations, has been appointed as President of Calfrac's Canadian Division to replace Rob Montgomery, who recently resigned from such position.  Mr. Payne was previously the President of Calfrac's Canadian Division from April 2009 until February 2012.  In addition, Calfrac is pleased to announce that Tom Medvedic, formerly Calfrac's Senior Vice President, Corporate Development, has been appointed as Vice President, Operations of Calfrac's Canadian Division.

Fernando Aguilar, President and Chief Executive Officer, stated, "Bruce brings extensive experience and knowledge to this role which he previously held from 2009 to 2012.  Further, we expect that Tom's experience, which spans over 20 years in the oilfield services sector and 10 years at Calfrac in a variety of senior management positions, will serve us well in this new role as our Canadian Division prepares for our next stage of growth and development.  Tom remains a key member of Calfrac's executive management team."

Calfrac also announced that it intends to release its First Quarter 2014 results before markets open on Wednesday, May 8, 2014 and has scheduled a conference call and webcast to begin at 10:00 A.M. MT (12:00 P.M. ET) on the same day.  If you wish to participate in the conference call, please call [phone] or [phone] prior to the start of the call and ask for the Calfrac Well Services Ltd. conference call.  A webcast of the conference call may be accessed via Calfrac's website at www.calfrac.com.  An update regarding Calfrac's activities will be presented by Fernando Aguilar, President and Chief Executive Officer and Michael J. (Mick) McNulty, Chief Financial Officer.  Following this update there will be a question and answer period.

A replay of the conference call will be available for review until May 15, 2014.  To listen to the recording, call [phone] or [phone] and ask for reservation 30792623.

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]
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Ian Gillies
Manager, Investor Relations
Telephone: [phone]
Fax: [phone]