Total Energy Services Inc. plans a $61.9 million investment for expansion and maintenance in 2025.

Total Energy Services Inc. plans to spend $61.9 million in 2025, with $34.3 million for expanding operations, like upgrading drilling rigs in Canada and growing their North American gas compression service, and $27.6 million for maintaining and recertifying equipment. Part of this spending includes carrying forward $16.6 million from 2024 for rig upgrades in Australia. The company will fund this through its cash reserves and operating income.

2 months ago
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