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Trican Well Service Ltd.
Company typePublic company
TSXTCW
IndustryOilfield Services
FoundedApril 11, 1979; 45 years ago (1979-04-11)
Headquarters,
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)
Websitewww.tricanwellservice.com
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[edit]

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]

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