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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

Trican Sells U.S. Pressure Pumping Biz for $200 Million

Keane Group Trican Well Service Ltd.
AnnouncedJan 26, 2016
TypeAsset
Announced Date
January 26,2016
Close Date
March 16,2016
Transaction Type
Asset




Snapshot
Location
Region
North America

Country
United States


Transaction Details:  Subscribe to see

Closing Announcement - March 16, 2016

Trican Well Service Ltd. will close the sale of its United States pressure pumping business today to Keane Group, a privately-held U.S.-based well completion services company. The closing process has been initiated and will be finalized today. As previously announced, the transaction involves the sale of all of the pressure pumping and select related assets, and the assumption of certain liabilities, of Trican Well Service, L.P., Trican's wholly-owned subsidiary, for a purchase price of US $200 million, or approximately CDN $267 million at the March 15…

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