Trican Well Service Ltd. is a provider of oilfield services, including acidizing, coiled tubing, fracturing, nitrogen pumping, and cementing. It is headquartered in Calgary, Alberta, Canada, with operations in Alberta, British Columbia and Saskatchewan.
| Company type | Public company |
|---|---|
| TSX: TCW | |
| Industry | Oilfield Services |
| Founded | April 11, 1979 |
| Headquarters | , |
Key people | Brad Fadora, CEO |
| Revenue | $972.7 million (Q2 2024) |
| $29 million (Q2 2024) | |
| Total assets | $710 million (Q2 2024) |
| Total equity | $1 billion (Q2 2024) |
| Website | www |
| Footnotes / references [1] | |
History
editTrican Well Service was founded on April 11, 1979. Until 1997, it primarily operated in the Lloydminster, Alberta area and the Kindersley, Saskatchewan area.[2]
In December 1996, the company became a public company and changed its management.[2]
In January 2013, the company acquired i-TEC Well Solutions.[3]
In 2015, the company sold its Russian operations to Rosneft for $197 million. It also suspended operations in Australia, Algeria, Saudi Arabia, and Colombia to cut costs. In 2016, the company sold its United States hydraulic fracturing business to Keane Group.[4]
In June 2017, the company acquired Canyon Technical Services.[5]
See also
editReferences
edit- ^ "CONSOLIDATED STATEMENTS OF FINANCIAL POSITION" (PDF).
- ^ a b "Revised Annual Information Form" (PDF). May 18, 2000.
- ^ "Trican Well Service To Acquire I-Tec Well Solutions - Quick Facts". RTTNews. December 21, 2012.
- ^ HEALING, DAN (January 26, 2016). "Trican Well Service selling U.S. fracking division for $285M, plus stake in buyer". Calgary Herald.
- ^ "Trican and Canyon Announce Closing of Arrangement" (Press release). Globe Newswire. June 2, 2017.