Trican Well Service Ltd - Company Profile
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Trican Well Service Ltd (Trican) is an oilfield service company. The company's primary operations encompass hydraulic fracturing, cementing, coiled tubing, nitrogen services, and chemical sales. Its services are particularly in the development of unconventional oil and natural gas reservoirs, which require horizontal drilling and multiple fracturing treatments. It offers equipment, specialized products, services, and technology for use in the completion, drilling, stimulation and reworking of oil and gas wells in Canada. Trican's services and products are utilized by customers in the oil sands, heavy oil, conventional and unconventional oil and natural gas sectors. The company provides these products directly or through technology license agreements with third-party vendors. It operates across the Western Canadian Sedimentary Basin (WCSB). Trican is headquartered in Calgary, Alberta, Canada.
Headquarters
Canada
Address
2900, 645 - 7 Avenue SW, Calgary, Alberta, T2P4G8
Website
www.tricanwellservice.com
Telephone
1 403 2660202
No of Employees
1,673
Industry
Energy and Utilities
Ticker Symbol & Exchange
TCW (TSE)
Revenue (2024)
$784.5M
11.8%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
2.5%
(2024 vs 2023)
Market Cap*
$897.9M
Net Profit Margin (2024)
XYZ
-8.3%
(2024 vs 2023)
* As of and is in US$
Trican Well Service Ltd premium industry data and analytics
Products and Services
| Services |
|---|
| Hydraulic Fracturing |
| Cementing |
| Fracture Acidizing and Production Enhancement |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Financing Agreements | In December, the company announced an agreement for the extension of its revolving credit facility. |
| 2025 | Regulatory Approval | In August, the company recieved clearence from the Competition Bureau for the acquisition of Iron Horse Energy Services. |
| 2025 | Acquisitions/Mergers/Takeovers | In August, the company acquired Iron Horse Energy Services. |
Competitor Comparison
| Key Parameters | Trican Well Service Ltd | Baker Hughes Co | Halliburton Co | Harbour Energy PLC | STEP Energy Services |
|---|---|---|---|---|---|
| Headquarters | Canada | United States of America | United States of America | United Kingdom | Canada |
| City | Calgary | Houston | Houston | London | Calgary |
| State/Province | Alberta | Texas | Texas | England | Alberta |
| No. of Employees | 1,673 | 53,000 | 46,000 | 2,912 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Thomas M. Alford | Chairman | Executive Board | 2020 | - |
| Bradley P.D. Fedora | President; Chief Executive Officer; Director | Executive Board | 2020 | - |
| Scott E. Matson | Chief Financial Officer | Senior Management | 2021 | - |
| Todd G. Thue | President - Fracturing | Senior Management | - | - |
| Chika B. Onwuekwe | Vice President - Legal; General Counsel; Secretary | Senior Management | 2017 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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