Trican Well Svc CO Ltd (TOLWF)

Trican Well Service, Ltd. was incorporated under the Companies Act (Alberta) on April 11, 1979 under the name 216858 Oilwell Service Co. Ltd. The Company's name was changed to Trican Oilwell Service Co. Ltd. on May 15, 1979. The Company is a provider of products, equipment and services used during the exploration and development of oil and natural gas reserves. It has operations in nine countries: Canada, the United States, Russia, Kazakhstan, Algeria, Australia, Colombia, Norway and Saudi Arabia. Pressure pumping services are typically considered to include fracturing, CBM fracturing, cementing, acidizing, nitrogen and coiled tubing services. The Company's customers in the Canadian and U.S. markets consist of a large number of oil and gas companies that vary in size. The Russian market consists of a smaller number of large oil and gas companies. The competitors in the well service market in Canada, Russia and the U.S. include Baker Hughes, Frac Tech, Halliburton Energy Services, Schlumberger Incorporated, and Calfrac Well Services Ltd. as well as other domestic companies. The Company's operations are subject to a variety of federal, provincial, state and local laws, regulations and guidelines, including laws and regulations related to health and safety, the conduct of operations, the manufacture, management, transportation and disposal of certain materials used in its operations.