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Trican Expects Significant Decline in Demand

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Trican Expects Significant Decline in Demand
2015 Capital Spending Given the reduced North American activity expectations for 2015, capital spending will be kept to a minimum throughout the year. The primary focus will be on maintaining equipment quality and performance of our existing asset base.  strong>Based on existing capital budget commitments, we expect capital spending to be between $50 and $60 million during 2015. Trican regularly reviews its capital equipment requirements and will continue to follow its policy of adjusting the capital budget on a quarterly basis to reflect changing operating conditions and capital equipment needs. North America Sharp oil price declines and weak natural gas prices are expected to result in a significant decrease in North American drilling and completions activity in 2015 relative to…
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