Service & Supply | Oilfield Services | Capital Markets | Capital Expenditure
Trican Spends Conservatively in 2015
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The Board of Directors of Trican Well Service Ltd. has approved an initial 2015 capital budget of $39.2 million.
This initial capital budget is focused on maintaining our global fleet of equipment as well as increasing our sand logistics capabilities in North America. 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. When combined with spending carryovers from previously approved capital budgets and expected capital maintenance spending throughout 2015, Trican expects capital spending to be between $90 million and $110 million during 2015.
The initial 2015 capital budget reflects the cautious approach that Trican will…
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