Source was recently featured in the Daily Oil Bulletin, the most trusted source of exclusive news, data, and analysis for Canada’s oil and gas industry. Here is an excerpt from the article:
Source Energy Services Ltd. has approved a 2020 capital spending budget of $5.6 million, which is substantially comprised of sustaining capital.
“Source’s modest capital budget for 2020 is possible because of the investment made in processing assets and logistics infrastructure in prior years,” Brad Thomson, chief executive officer, stated in a news release this morning. “This allows us to operate at current levels and to substantially grow when the basin returns to more normal operating level, without the expenditure of substantial capital.”