Correction from Source: Calfrac Announces Fourth Quarter Results

CALGARY, Feb. 25, 2015 /CNW/ - A correction from source has been issued for the press release titled Calfrac Announces Fourth Quarter Results disseminated today at 5:59 AM ET. The table in the Canada section of Financial Overview – Three Months Ended December 31, 2014 versus 2013 should have stated operating expenses as $222,154. The updated table can be found below.

Canada

Three Months Ended December 31,		2014	2013	Change
(C$000s, except operational information)		($)	($)	(%)
(unaudited)
Revenue		296,983	197,112	51
Expenses
Operating		222,154	157,775	41
SG&A		7,265	4,334	68
		229,419	162,109	42
Operating income^(1)		67,564	35,003	93
Operating income (%)		22.8%	17.8%	28
Fracturing revenue per job ($)		279,103	188,660	48
Number of fracturing jobs		1,001	995	1
Pumping horsepower, end of period (000s)		394	389	1
Coiled tubing revenue per job ($)		30,400	26,617	14
Number of coiled tubing jobs		579	353	64
Coiled tubing units, end of period (#)		17	21	(19)

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.

on this conference call please contact Ian Gillies, Manager, Investor Relations at [phone]