Cathedral Energy Services is a trusted partner to North American energy companies requiring high performance directional drilling services. We work in collaboration with our customers to tailor our equipment and expertise to meet their specific geographical and technical needs. Our experience, technologies and responsive personnel enable our customers to achieve higher efficiencies and lower project costs.
Cathedral Energy Services Ltd. based in Calgary, Alberta is incorporated under the Business Corporations Act (Alberta) and operates in the U.S. under Cathedral Energy Services Inc. Cathedral is a public company and trades on the Toronto Stock Exchange (TSX) under the symbol TSX:CET.
Strong financial performance supports our efforts today and creates opportunities in the future for all our stakeholders. We aim to achieve top quartile investor returns for our shareholders and distribute cash to shareholders regularly through our dividend program.
2018 is our 20th year in business. Since 1998, Cathedral Energy Services has been committed to delivering exceptional service and innovative drilling technologies. With over 500 employees and contractors and local operation centers in each of the key basins across North America, Cathedral is strategically positioned to meet our customers’ evolving requirements.
We never forget our business is dependent on our existing and new customers. We focus on customer service and making sure we add value to our customers businesses.
At Cathedral, our success is attributed to our most important asset—great people. We believe in providing our employees with an exceptional work environment that encourages career growth and development. We give our employees the opportunity to excel through providing meaningful work and giving them autonomy and accountability, resulting in an industry-leading, high performance team.
We are a company governed by our Guiding Principles. Excellence, Honesty & Integrity, Teamwork, Live Well, and Creating Value support our vision and reflect what we value. These are our core beliefs that guide us to industry-leading successes with a customer focus and quality operations.
We look for innovative ways of doing things and are proud of our best-in-class proprietary directional drilling technologies.
A safe and healthy work environment is our priority and we are committed to our Work Smart Live Well vision. Work Smart is about recognizing and managing risks we are exposed to. Live Well is about providing great work opportunities and getting people home safely every day to the things that matter most.
We recognize the value of growing and developing trusting relationships with our employees, agents, vendors, investors and the community at large. These relationships are based on integrity and trust and our commitment to maintaining high ethical standards throughout our day-to-day dealings with others.
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Cathedral divests its Flowback and Production Testing division to Ideal Completions Group.