Canyon Services Group Inc was incorporated under the Business Corporations Act (Alberta) on April 8, 2004. The Company's activities are conducted in the oilfield services industry and are focused on providing hydraulic fracturing and other well-stimulation services, including coiled tubing, acidizing, cementing, nitrogen and CO2, to oil and natural gas producers developing a variety of play types across Western Canada. These services are designed to enhance oil and natural gas production and maximize recovery from conventional and unconventional reservoirs. The Company's competition includes multinational oilfield service companies as well as regional competitors. Its multinational competitors include Baker Hughes Inc., Halliburton Energy Services, Inc., Schlumberger Limited, Trican Well Service Ltd. and Calfrac Well Services Ltd. The Company is subject to environmental regulations pursuant to a variety of provincial and federal legislation. Such legislation provides for restrictions and prohibitions on the release or emission of various substances associated with certain oil and natural gas industry operations. The Company's operations are subject to a variety of Canadian federal, provincial and local laws, regulations and guidelines, including laws and regulations relating to health and safety, the conduct of operations, the protection of the environment and the manufacture, management, transportation, storage and disposal of certain materials used in the Company's operations.
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