Total Energy Services Inc. Announces Preliminary 2021 Capital Expenditure Budget

Jan 12, 2021

CALGARY, Alberta, Jan. 11, 2021 (GLOBE NEWSWIRE) -- Total Energy Services Inc. (TSX:TOT, Financial) ("Total" or the “Company”) announces its preliminary 2021 capital expenditure budget of $9.1 million. Included in this budget is $3.0 million of expansion capital and $6.1 million for equipment maintenance and upgrades. In addition, approximately $1.1 million of 2020 capital expenditure commitments will carry forward into 2021.

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