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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Production / Operations

Reeflex Solutions Inc. Awarded $3.4 Million Contract to Supply Fully Customized Mast-Style Coiled Tubing Rig to Iron Horse Energy Services

By The Northwire Desk — AI Analysis Dec 11, 2025 · 08:48 RFX · 0.135 Reeflex Solutions Inc.
RFX · Price

Executive Summary

  • Reeflex Solutions’ subsidiary Coil Solutions Inc. (via Ranglar Manufacturing) secured a $3.4 million contract to design and build a custom mast‑style coiled tubing rig for Iron Horse Energy Services.
  • The rig will accommodate larger‑diameter tubing, extended‑reach wells, high pull loads, improved cold‑weather performance, and enhanced operator safety.
  • Engineering and fabrication start immediately with delivery targeted for Q3 2026.

Key Details

  • Contract Value: $3.4 million (award date: 4 Dec 2025).
  • Customer: Iron Horse Energy Services – a subsidiary of Trican Well Service Ltd., operating in the Cardium, Charlie Lake, Mannville Stack, Viking, Montney and Shaunavon plays.
  • Product: Fully customized mast‑style coiled tubing rig designed for larger‑diameter tubing, extended‑reach wells, high pull loads, cold‑weather performance, and operator safety enhancements.
  • Manufacturer: Ranglar Manufacturing, a division of Coil Solutions Inc., wholly‑owned subsidiary of Reeflex Solutions Inc.
  • Project Timeline: Engineering & fabrication commence immediately; delivery scheduled for Q3 2026.
  • Management Commentary: CEO John Babic highlighted the award as evidence of CSI’s engineering capabilities and the company’s commitment to high‑performance equipment for a leading service provider.

Notable Quotes

“This contract award reflects the growing recognition of CSI’s engineering capabilities and our commitment to delivering high‑performance coiled tubing equipment,” – John Babic, President & CEO, Reeflex Solutions Inc.

Read the original news release →

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