Service & Supply | Oilfield Services
Trican Reporting 3Q Horn River Results for 2012
Print
|
Trican Well Service Ltd reported third quarter revenue was $321.9 million for our Canadian operations, which was 13% lower than the third quarter of 2011. Canadian operating margins remained strong at 31% and benefitted from a large Horn River project that was completed early in the quarter.
Despite the strong margins, Canadian results were negatively impacted by a decline in drilling and completions activity as the number of active drilling rigs decreased by 28% and well completions were down 31% on a year-over-year basis. Canadian pricing decreased by 6% compared to the third quarter of 2011 due to the drop in demand combined with a continued increase in equipment supply.
Operations ReviewCanadian oil and gas activity levels were significantly lower during the third quarter of 2012…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Canada News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…