Total Energy Services Inc. Announces Preliminary 2022 Capital Expenditure Budget

Jan 11, 2022

CALGARY, Alberta, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Total Energy Services Inc. (TSX:TOT, Financial) ("Total" or the “Company”) announces its preliminary 2022 capital expenditure budget of $26.1 million. Included in this budget is $6.7 million of expansion capital and $19.4 million for equipment maintenance and upgrades. In addition, approximately $2.0 million of 2021 capital expenditure commitments will carry forward into 2022.

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