Calfrac

The Company’s Russian segment is focused on the provision of fracturing and coiled tubing services in Western Siberia. In 2012, the Company operated under a mix of annual and multi-year agreements to provide services to two of Russia’s largest oil producers. At December 31, 2012, the Company operated seven deep coiled tubing units and deployed approximately 45,000 hydraulic horsepower forming five fracturing spreads in Russia. During 2012, the Company’s revenue from Russian operations was $112.8 million from $116.1 million in 2011.