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Bullboard - Stock Discussion Forum 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... see more

TSX:TCW - Post Discussion

Trican Well Service Ltd > Electric Well Completion equipment
View:
Post by gasoholic on Sep 19, 2021 8:49pm

Electric Well Completion equipment

I 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
Comment by gasoholic on Sep 19, 2021 10:35pm
Sorry I mistated, the natgas engines are from CAT, not Cummins.
Comment by firstworld on Sep 20, 2021 10:46am
Per the usu Canada lagging first world by 10-50 years haha....meanwhile Russia has triples has exports in the last year. Nice to have pipelines to 3 BN people, multie deep water export points with NGL terminals.
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