Tag: Pressure Pumping
Trican closes sale of US fracking business
Trican will pay down debt, strengthen balance sheet to weather industry downturn caused by low oil prices Trican Well Service Ltd. says it expects to close the sale of its United States fracking business today to Keane Group, a privately-held U.S.-based well completion services company. As previously announced, the transaction involves the sale of all of the fracking and select […]
Trican hit hard by low oil price, negotiating to sell US fracking business
Trican has 2,400 to 2,500 less staff compared to 2014, mostly in North America CALGARY, Alta- Trican Well Service Ltd. has announced that it is in negotiations with Keane Group, a privately-held, US-based well completion services company, for the sale of its American fracking business. Trican was negotiating the sale of its Kazakhstan operations to Rosneft Oil Co., which bought its […]
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