CALGARY, June 15, 2012 /CNW/ - Calfrac Well Services Ltd. ("Calfrac") (TSX-CFW) is pleased to announce that its Board of Directors has declared a dividend pursuant to its semi-annual dividend policy.  The dividend of $0.50 per common share will be paid on July 16, 2012 to shareholders of record on June 29, 2012.

Calfrac's common shares are publicly traded on the Toronto Stock Exchange under the trading symbol "CFW".  Calfrac provides specialized oilfield services to exploration and production companies designed to increase the production of hydrocarbons from wells drilled throughout western Canada, the United States, Russia, Mexico, Colombia and Argentina.

For further information:

Douglas R. Ramsay
Chief Executive Officer
Telephone:  (403) 266-6000
Fax:  (403) 266-7381

Laura A. Cillis
Senior Vice President, Finance and Chief Financial Officer
Telephone: (403) 266-6000
Fax: (403) 266-7381

Tom J. Medvedic
Senior Vice President, Corporate Development
Telephone:  (403) 266-6000
Fax:  (403) 266-7381