Source Energy Services Canada LP, founded in 2008 and based in Calgary, Alberta, specializes in providing proppant solutions to the North American oil and gas industry. The company offers a range of services including the supply of northern white and raw frac sand, along with logistics for transportation and handling of these proppants, aimed at enhancing efficiency in hydraulic fracturing operations.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SANDCN 12.50% 2025-03-15 CADSource Energy Services Canada LP | Canada | 2025-03-15 | 12.500 | 0.00 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Source Energy started issuing bonds in 2017, reflecting its growth strategy and supporting capital expenditures. One notable issuance occurred in 2020, when the company raised $400 million to finance a significant acquisition, with the bonds offering competitive yields compared to industry standards. As of October 2023, Source Energy's bonds are characterized by strong market demand, reflecting investor confidence in the firm, particularly following their recent expansion in sustainable mining practices to improve operational efficiency.