Trican Well Service: Closes Sale of Pressure Pumping to the Keane Group
Trican Well Service Ltd. (“Trican” or “the Corporation”) (TSX:TCW) is pleased to announce that it will close the sale of its United States pressure pumping business today to Keane Group, a privately-held U.S.-based well completion services company (“Keane”). The closing process has been initiated and will be finalized today. As …
Rosneft Closes the Transaction for the Acquisition of a Russian Oilfield Service Company from Trican Well Service Ltd.
A company of the Rosneft Group and a subsidiary of Trican Well Service Ltd. closed the transaction, pursuant to which a Rosneft subsidiary acquires a 100% participation interest in Trican Well Service LLC, which provides high-quality pressure pumping services focused on enhancement of production within the conventional oil and gas …
Trican Well Service Announces Closing of Sale of Its Russian Pressure Pumping Business
Trican Well Service Ltd. is pleased to announce the closing of the sale of its Russian pressure pumping business to RN Assets LLC (the “Purchaser”), a subsidiary of Rosneft Oil Company. As previously announced, the transaction involves the sale of all shares of Trican Well Service LLC, an indirect wholly-owned …
Trican Well Service: Reaches Agreement for Sale of Its Russian Pressure Pumping Business for CDN $181.6 M
Trican is pleased to announce that it has entered into a definitive agreement with RN Assets LLC (the “Purchaser”), a subsidiary of Rosneft Oil Company (“Rosneft”), for the sale of Trican’s Russian pressure pumping business to the Purchaser. The transaction involves the sale of all shares of Trican Well Service …
Trican Reports First Quarter Results for 2015 and Announces Suspension of the Dividend
FIRST QUARTER HIGHLIGHTS Consolidated revenue for the first quarter of 2015 was $476.1 million, a decrease of 26% compared to the first quarter of 2014. The adjusted loss was $60.3 million and adjusted diluted loss per share was $0.40 compared to an adjusted loss of $8.7 million and adjusted diluted …
Trican Halts Dividend Payment
Trican Well Service Ltd. announces that it is suspending the Corporation’s dividend until further notice. Since May 2006 the Corporation has maintained a dividend policy of paying dividends on a semi-annual basis. Since February 2012 this semi-annual dividend has been in the amount of $C 0.15 per share. However, given …
Technology Roundtable: Unconventional Oil
Russia is starting to develop its unconventional reserves with pilot projects and longer term plans in place. How do you see the current state of the unconventional sector in Russia and how quickly do you think full scale unconventional development in the region will take place? Weatherford: It is difficult …
Dan Doll, General Director of Trican Well Services, Speaks To ROGTEC Magazine
Dan Doll is the General Director of Trican Well Service in Russia. Mr. Doll joined Trican as Executive Director, Operations in 2011, and is now responsible for Trican’s overall operations in Russia. Mr. Doll is a professional engineer with 20 years experience in the pressure pumping industry. He began his …
Technology Roundtable: Coiled Tubing
Coiled tubing has become increasingly popular in Russia in recent years. What is the current level of utilization at the moment? Baker Hughes: Current market data estimates a CT unit count of roughly 250 in Russia & the CIS, which is up 24 units from the 2012 count of 226. …
ROGTEC Technology Roundtable – Fracturing
Michael Tulissi: International Technical Director for Fracturing Services with Trican Well Service Andrey Smarovozov: Director, Pressure Pumping, Russia & Caspian (Marketing and BD), Baker Hughes Kevin Mullen: Senior Production Stimulation Engineer for Schlumberger-Russia Igor Kuvshinov: Senior Technical Leader, Halliburton Company What are the most important aspects to consider when designing …