Financing:

• Trican Well Service Ltd. (TSX:TCW) announced the expansion and extension of its revolving credit facility from $150MM to $200MM. The term has been extended by two years, maturing on December 5. 2028.

Other:

• The Canadian Association of Energy Contractors (CAOEC) projects the following in 2026:

  • 5,709 wells drilled (161 increase from 2025 or +2.9%)

  • 59,943 drilling rig operating days (1,687 increase from 2025 or +2.9%)

  • 1,037,302 service rig operating hours (32,260 increase from 2025 or +3.2%)

• According to Statistics Canada, the nation added 54,000 new positions in November, the third consecutive month of job gains. Most of the jobs added were part-time positions. The unemployment rate in November was 6.5% (6.9% in October).

2026 E&P CapEx Updates:

2026 Energy Services CapEx Updates: