Secure Energy Services Inc Q4 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Keith MacKey - RBC Capital Markets, Research Division - Analyst : Just maybe wanted to start out on the capital. I appreciate the $45 million you've got out there on a preliminary basis. It sounds like there is some additional projects that you may be looking to add on to that. So curious, if you can give us maybe a confidence interval for what you might be looking to spend on a growth basis for the year? Is it $45 now, but you could go up to $50 or is it $45 to $60 depending on how discussions go with customers?

Question: Keith MacKey - RBC Capital Markets, Research Division - Analyst : And after you spend the $45 or after you complete the projects for -- that you've got slated for this year, how many more tie-ins will you have that you could potentially do across the asset base?

Question: Keith MacKey - RBC Capital Markets, Research Division - Analyst : And you mentioned 2 companies in your response there, Rene. So maybe I just wanted to follow-up on that and talk about the Clearwater, which certainly is getting a lot of drilling and a lot more production being brought into the area. Can you just remind us of your facilities or exposure in that area? And is there a need -- I'm assuming there is for additional infrastructure in that area and is -- would that be in your wheelhouse or is it something that the producers themselves or other companies would be more suited to? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MARCH 03, 2022 / 4:00PM, SES.TO - Q4 2021 Secure Energy Services Inc Earnings Call

Question: Keith MacKey - RBC Capital Markets, Research Division - Analyst : And final one for me. You mentioned potentially 10 to 12 more closures to come facility-wise, should we expect the impairment to be commensurate on a pro rata basis with what you've already done or is it too early to tell?