By Dan Healing, The Canadian Press, May 31, 2016
CALGARY – In the high stakes world of high-tech oilfield services, low oil and gas prices are hitting Calgary’s two largest publicly traded players, Pason Systems and Computer Modelling Group, in vastly different ways.
Pason, which builds and rents sensitive instrumentation systems attached to most of the drilling rigs in North America, has eliminated 350 employees — or about 38 per cent of its staff — over the past 12 months to cope with severe cutbacks in drilling activity.
