High Arctic Energy Services Incorporation operates in the Drilling oil and gas wells sector. In addition to historical fundamental analyses, the complete report available to purchase compares High Arctic Energy Services Incorporation with three other companies in this sector in CANADA : Western Energy Services Corporation (2020 sales of 103.68 million Canadian Dollars [US$81.71 million] of which 60% was Contract Drilling), AKITA Drilling Ltd. (119.66 million Canadian Dollars [US$94.30 million] of which 52% was Contract Drilling Services), and Cathedral Energy Services Limited (40.57 million Canadian Dollars [US$31.97 million] ).

Sales Analysis. During the second quarter of 2021, sales at High Arctic Energy Services Incorporation totalled C$16.38 million. This is practically unchanged from the previous year, and is only an increase of 1.7% from the C$16.10 million in sales at the company during the second quarter of 2020. During the first two quarters of 2021, sales totalled C$34.14 million, which is 38.7% lower than through the first two quarters of 2020. High Arctic Energy Services Incorporation reported sales of C$90.80 million (US$71.55 million) for the year ending December of 2020. This represents a sharp decrease of 51.1% versus 2019, when the company's sales were C$185.50 million. Contributing to the drop in overall sales was the 64.5% decline in Drilling Services, from C$71.50 million to C$25.40 million. There were also decreases in sales in Production Services (down 37.4% to C$57.80 million) and Ancillary Services (down 61.8% to C$9.40 million) .