It’s been a noteworthy start to the new year for Calfrac Well Services, and not just because of the company’s stock price.

Shares of Calfrac on the Toronto Stock Exchange are up 36 per cent this year, closing Wednesday at $5.66.

The company, which was without a permanent chief executive after former head Pat Powell left in March 2025, appointed a new leader last week — Tyler Dahlseide.

The 39-year-old, who grew up in Leduc, joined the oilfield services firm in September as vice-president of optimization and strategy, and has been promoted to CEO. He previously served as president of privately owned Ferus Inc., an industrial gas manufacturer and distributor with operations in Canada and the United States.

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With a new CEO, Calgary-based Calfrac — which has more than 2,000 employees and offers hydraulic fracturing and other energy services in three countries — is starting another chapter in its 27-year history.

“We are in three big markets — Canada, United States, Argentina — and all three markets are showing some stability. And we’re getting back to basics here at Calfrac,” Dahlseide said in an interview this week.

“We’ve come through a very........

© Calgary Herald