•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Trican Well Service acquires i Tec

    After the markets closed Friday, international pressure pumping Trican Well Service Ltd. (TCW) announced the acquisition of privately-held i-Tec Well Solutions for US$30 million, 2.4 million shares of TCW, in addition to deferred consideration up to US$47.1 million, subject to certain financial targets for fiscal 2013.

    i-Tec, with its range of downhole tools that include ball drop multi-stage completion tools for both open hole and cemented liner situations, is a good fit for TCW.

    The acquisition is expected to be accretive to 2013 earnings and will be financed by availability on the company’s bank revolver.

    Related Articles

    Fortis Energy expands well services to Rocky Mountain region of North Dakota

    12/09/2013

    Fortis Energy Services Inc. has expanded its area of operations to include the Williston Basin of North Dakota.

    SCF Partners invests in Oil Patch Group

    11/21/2013

    SCF Partners has made an investment in Houston-based Oil Patch Group Inc.

    Rowan provides fleet contract status update

    10/26/2013

    Rowan Companies plc has issued its monthly fleet status report, updated as of Oct. 24. 

    Schlumberger releases new HD imaging-while-drilling service

    09/30/2013 Schlumberger has released the MicroScope* HD high-definition imaging-while-drilling service. The MicroScope HD service provides logging-while-drilling (LWD) imaging for reservoir description to ena...

    Meeting global demands

    09/18/2013

    Increasing production from existing fields through EOR crucial to satisfying the world's energy needs

    More Oil & Gas Financial Articles

    Fortis Energy expands well services to Rocky Mountain region of North Dakota

    Mon, Dec 9, 2013

    Fortis Energy Services Inc. has expanded its area of operations to include the Williston Basin of North Dakota.

    SCF Partners invests in Oil Patch Group

    Thu, Nov 21, 2013

    SCF Partners has made an investment in Houston-based Oil Patch Group Inc.

    Rowan provides fleet contract status update

    Sat, Oct 26, 2013

    Rowan Companies plc has issued its monthly fleet status report, updated as of Oct. 24. 

    Schlumberger releases new HD imaging-while-drilling service

    Mon, Sep 30, 2013

    Schlumberger has released the MicroScope* HD high-definition imaging-while-drilling service. The MicroScope HD service provides logging-while-drilling (LWD) imaging for reservoir description to enable detailed fracture characterization and completion optimization in conductive drilling fluids for all well types, including horizontal and highly deviated wells.

    Meeting global demands

    Wed, Sep 18, 2013

    Increasing production from existing fields through EOR crucial to satisfying the world's energy needs

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ