03:47 PM EST - Total Energy Services Inc. : has raised this year's capital budget by nearly 22%, with the added spending going toward its contract services division, Chinook Drilling. The Calgary-based company now plans to spend $95.8 million this year, an increase of $17.2 million. The increased expenditures will include the construction of a new 4,200-metre drilling rig, which is set to be complete by the second quarter of next year. Once the new rig is built, Total will have 17 rigs in its fleet. Total Energy Services Inc.
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