What does Trican Well Service do?
Trican Well Service Ltd. is a provider of oilfield services, including acidizing, coiled tubing, fracturing, nitrogen pumping, cementing, microseismic, and industrial services.
Is trican going broke?
Judging by the company’s ability to take on more debt and sell assets, it’s highly unlikely that Trican will go bankrupt this year. Trican isn’t facing bankruptcy, but don’t count on a 1,000% return stemming from its survival.
Who bought Trican?
CALGARY, AB, June 17, 2020 /CNW/ – Blackstone Industrial Services (“Blackstone”), a leading Canadian critical rotating equipment services company, has entered into a definitive agreement to acquire the assets of Trican Pipeline & Industrial Services Business (“TPIS Business”).
When did Trican buy canyon?
The Transaction, which was announced on March 22, 2017, was approved by Canyon Shareholders at Canyon’s annual and special meeting of shareholders held on May 31, 2017 and Canyon obtained a final order in respect thereof from the Court of Queen’s Bench of Alberta on June 1, 2017.
What makes trican well service a good company?
We want our people to flourish and be proud of the company they will build. Trican is a well service company built upon a foundation of solid corporate values, and a desire to exceed expectations and nurture a culture of innovation.
How big is the trican training facility in Alberta?
These programs are supported by internal training systems and all regulatory-required training, and complemented by external educational scholarship in Petroleum Technology and Engineering. Trican’s training facility in Red Deer, Alberta, contains 5,000 square feet (470 square meters) of training space, and accommodates up to 90 people per day.
What kind of benefits does trican offer in Canada?
In Canada, Trican offers eligible employees a comprehensive benefits program including health, dental and medical coverage, paramedical services, a healthcare spending/wellness account, and an Employee and Family Assistance Program (EFAP).
What’s the focus of the trican Triple E program?
Trican’s focus for 2019 is the implementation of The Trican Triple E Program which focuses on organizational efficiencies. Trican realized more than $20 million of annualized savings through ongoing optimization efforts.