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Trican Well Service Ltd T.TCW

Alternate Symbol(s):  TOLWF

Trican Well Service Ltd. is a Canada-based oilfield services company. The Company supplies oil and natural gas well servicing equipment and solutions to its customers through the drilling, completion and production cycles. Its services include hydraulic fracturing, cementing, acidizing, coiled tubing and technical solutions. Its cementing solutions combine equipment, quality cement blends and ongoing research and development. Cementing solutions include pre-flushes and spacers, surface cementing, intermediate cementing, liner cementing, cement plugs and others. The coiled tubing includes milling, coiled tubing fracturing, E-Coil and others. It provides equipment, engineering support, reservoir expertise and laboratory services through the delivery of hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales for the oil and gas industry in Western Canada. Its milling services include fracturing plugs, fracturing ports, stage tool/debris sub and others.


TSX:TCW - Post by User

Post by gasoholicon Sep 19, 2021 8:49pm
233 Views
Post# 33885128

Electric Well Completion equipment

Electric Well Completion equipmentI wasn't aware of this technology when it was mentioned in a post. So I looked it up and indeed it has been in development since 2014 and is commericially available. US Well Services and Evolution Well Services are the main manufacturers of the equipment in the US. They cite advantages of more precise control, lower noise levels, lower equipment costs. The main cost reduction of course is using natgas as fuel which also lowers emissions to a fraction of diesel emissions.
In TCWs case the company has been on life support since about 2015 and they couldn't even think of upgrading their fleet until revenues are substancially higher than now. TCW announced a deal with Cummins where they will be upgrading the fleet with natgas engines rather than diesel. This will reduce fuel costs and emissions but doesn't address the other advantages claimed by electric driven frack pumps. There could also be some disadvantages to electrics.
US Well Service and Evolution both have informative web sites
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