Trican Well Service Ltd
Encyclopedia
Trican Well Service Ltd. is an oilfield services corporation headquartered in Calgary, Alberta
, Canada
with operations in Alberta
, British Columbia
, Manitoba
and Saskatchewan
, Canada
as well as Russia
, the United States
and Algeria
and most recently Australia
. Trican maintains an employee count in Canada of over 1300 people and provides a wide range of services including acidizing, coiled tubing
, fracturing, nitrogen pumping, cementing, microseismic, and industrial services. Trican is publicly traded on the Toronto Stock Exchange
.
by two cousins and a former colleague on a farm near Marshall, Saskatchewan before it was moved to the Glenn E. Neilson industrial park in Lloydminster, Alberta in 1981. In December 1996, the company went public while a simulaneous change in management occurred. Since then, Trican has expanded its Canadian operations to include fifteen operational bases (twelve in Alberta, two in northern British Columbia and one in Saskatchewan) and began operations in the United States and Russia under Liberty Pressure Pumping and Newco Well Service respectively. In 2007 Trican began operations in Algeria.
In 2006 Trican posted a revenue of $847,472,000 CDN with a net income of $172,563,000 CDN.
In October 2008, Trican was named one of "Canada's Top 100 Employers
" by Mediacorp Canada Inc., and was featured in Maclean's
newsmagazine. Later that month, Trican was also named one of Alberta's Top Employers
, which was announced by the Calgary Herald
and the Edmonton Journal
.
Alberta
Alberta is a province of Canada. It had an estimated population of 3.7 million in 2010 making it the most populous of Canada's three prairie provinces...
, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
with operations in Alberta
Alberta
Alberta is a province of Canada. It had an estimated population of 3.7 million in 2010 making it the most populous of Canada's three prairie provinces...
, British Columbia
British Columbia
British Columbia is the westernmost of Canada's provinces and is known for its natural beauty, as reflected in its Latin motto, Splendor sine occasu . Its name was chosen by Queen Victoria in 1858...
, Manitoba
Manitoba
Manitoba is a Canadian prairie province with an area of . The province has over 110,000 lakes and has a largely continental climate because of its flat topography. Agriculture, mostly concentrated in the fertile southern and western parts of the province, is vital to the province's economy; other...
and Saskatchewan
Saskatchewan
Saskatchewan is a prairie province in Canada, which has an area of . Saskatchewan is bordered on the west by Alberta, on the north by the Northwest Territories, on the east by Manitoba, and on the south by the U.S. states of Montana and North Dakota....
, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
as well as Russia
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
, the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
and Algeria
Algeria
Algeria , officially the People's Democratic Republic of Algeria , also formally referred to as the Democratic and Popular Republic of Algeria, is a country in the Maghreb region of Northwest Africa with Algiers as its capital.In terms of land area, it is the largest country in Africa and the Arab...
and most recently Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
. Trican maintains an employee count in Canada of over 1300 people and provides a wide range of services including acidizing, coiled tubing
Coiled tubing
In the oil and gas industries, coiled tubing refers to metal piping, normally 1" to 3.25" in diameter, used for interventions in oil and gas wells and sometimes as production tubing in depleted gas wells, which comes spooled on a large reel. Coiled tubing is often used to carry out operations...
, fracturing, nitrogen pumping, cementing, microseismic, and industrial services. Trican is publicly traded on the Toronto Stock Exchange
Toronto Stock Exchange
Toronto Stock Exchange is the largest stock exchange in Canada, the third largest in North America and the seventh largest in the world by market capitalisation. Based in Canada's largest city, Toronto, it is owned by and operated as a subsidiary of the TMX Group for the trading of senior equities...
.
History
Trican Well Service was initially founded in 1979 as a private corporationPrivately held company
A privately held company or close corporation is a business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members which does not offer or trade its company stock to the general public on the stock market exchanges, but rather the...
by two cousins and a former colleague on a farm near Marshall, Saskatchewan before it was moved to the Glenn E. Neilson industrial park in Lloydminster, Alberta in 1981. In December 1996, the company went public while a simulaneous change in management occurred. Since then, Trican has expanded its Canadian operations to include fifteen operational bases (twelve in Alberta, two in northern British Columbia and one in Saskatchewan) and began operations in the United States and Russia under Liberty Pressure Pumping and Newco Well Service respectively. In 2007 Trican began operations in Algeria.
In 2006 Trican posted a revenue of $847,472,000 CDN with a net income of $172,563,000 CDN.
In October 2008, Trican was named one of "Canada's Top 100 Employers
Canada's Top 100 Employers
Canada's Top 100 Employers is an annual competition that recognizes the best places in Canada to work. First held in 1999, the project aims to single out the employers that lead their industries in offering exceptional working conditions and progressive human resources policies. Winners are...
" by Mediacorp Canada Inc., and was featured in Maclean's
Maclean's
Maclean's is a Canadian weekly news magazine, reporting on Canadian issues such as politics, pop culture, and current events.-History:Founded in 1905 by Toronto journalist/entrepreneur Lt.-Col. John Bayne Maclean, a 43-year-old trade magazine publisher who purchased an advertising agency's in-house...
newsmagazine. Later that month, Trican was also named one of Alberta's Top Employers
Alberta's Top Employers
Alberta's Top Employers is a competition that recognizes the best workplaces in Alberta. Published annually since October 2005, the designation recognizes the Alberta employers that lead their peers in providing exemplary employee benefits and forward-thinking human resource programs...
, which was announced by the Calgary Herald
Calgary Herald
The Calgary Herald is a daily newspaper published in the Canadian city of Calgary, Alberta.- History :The paper was first published on August 31, 1883 by Andrew Armour and Thomas Braden as The Calgary Herald, Mining and Ranche Advocate and General Advertiser. It started as a weekly paper with only...
and the Edmonton Journal
Edmonton Journal
The Edmonton Journal is a daily newspaper in Edmonton, Alberta. It is part of the Postmedia Network.-History:The Journal was founded in 1903 by three local businessmen — John Macpherson, Arthur Moore and J.W. Cunningham — as a rival to Alberta's first newspaper, the 23-year-old...
.