Company:Trican Well Service
| Type | Public company |
|---|---|
| TSX: TCW | |
| Industry | Oilfield Services |
| Founded | April 11, 1979 |
| Headquarters | Calgary, Alberta , |
Key people | Brad Fadora, CEO |
| Revenue | $110 million (Q2 2019) |
| -$28 million (Q2 2019) | |
| Total assets | $959 million (Q2 2019) |
| Total equity | $794 million (Q2 2019) |
| Website | www |
| Footnotes / references [1] | |
Trican Well Service Ltd. is a provider of oilfield services, including acidizing, coiled tubing, fracturing, nitrogen pumping, cementing, microseismic, and industrial services. It is headquartered in Calgary, Alberta, Canada , with operations in Alberta, British Columbia, Manitoba, and Saskatchewan, as well as in the United States .
History
Trican 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
References
- ↑ "CONSOLIDATED STATEMENTS OF FINANCIAL POSITION". https://www.tricanwellservice.com/sites/default/files/pdf/TCW%20Q2%202019%20FS%20073119%20r109.pdf.
- ↑ 2.0 2.1 "Revised Annual Information Form". May 18, 2000. https://www.tricanwellservice.com/sites/default/files/pdf/Trican%20Annual%20Information%20Form%20YE%201999%20%28Revised%20May%2018%2C%202000%29.pdf.
- ↑ "Trican Well Service To Acquire I-Tec Well Solutions - Quick Facts". RTTNews. December 21, 2012. https://www.rttnews.com/2028258/trican-well-service-to-acquire-i-tec-well-solutions-quick-facts.aspx?Arch=1.
- ↑ HEALING, DAN (January 26, 2016). "Trican Well Service selling U.S. fracking division for $285M, plus stake in buyer". Calgary Herald. https://calgaryherald.com/business/energy/trican-well-service-selling-u-s-fracking-division-for-285m-plus-shares.
- ↑ "Trican and Canyon Announce Closing of Arrangement" (Press release). Globe Newswire. June 2, 2017.
External links
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