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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 Apr 13, 2022 2:34pm
388 Views
Post# 34601300

A whole lot of fracking going on

A whole lot of fracking going onInvestors are realizing that the great majority of wells need fracking. And the trend now is to have more frack stages per  well. The more the production for each well means overall less wells need to fracked for however much production is required. The market makes that decision. So TCW will frack less wells but have more revenue per well. But since there appears to be a stuctural labor shortage that condition is the favorable one for the industry. In NE BC there is going to be scores of wells drilled to supply the initial 1.8 bcfpd for stage 2, and then a few dozens each year to account for depletion. And of course there's the base level required to maintain BCs present 5.5 BCF. Well depletion is like rust, it never sleeps.

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