[en] Plains Energy Services is an oil and natural gas field services company operating in Western Canada and the United States. Demand for the company's services was substantially lower than usual throughout most of 1999. Despite this reduced demand for services and the resulting reduction in total revenues, three of Plains Energy Services' four divisions increased their revenues during the year. Strong demand for the company's services is expected throughout the year 2000. In 1999, the company developed a drilling business infrastructure; introduced seven coiled tubing drilling units for use in Canada and the United States; secured its first international sales of downhole tools; completed several turnkey drilling, completion and production projects in the shallow and medium oil and gas drilling markets in Canada; increased both revenues, as well as market share in three of the company's four divisions. The company expect to introduce at least six additional coiled tubing units in 2000 for use in Canada and the United States; it also expects to finalize development of a new coil tubing injector system directed at medium depth drilling, introduce a cost effective directional coiled tubing drilling system, as well as reduce general and administrative costs by 15 per cent over 1999. The company also plans to gain additional market share in North America and expand its presence in international markets. The financial statement shows net revenues of $85.4 million, down from $93.2 million in 1998. There was a net loss of $123,000, as opposed to net earnings of $2.1 million in 1998. A full discussion of operational and financial results is included in the report