STOCK TITAN

Trican Well Service Ltd. Announces Partnership with Source Energy Services to Develop a Transload Facility in Taylor, BC

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
partnership

Trican Well Service (TSX: TCW) has announced a partnership with Source Energy Services to construct a new transload facility in Taylor, British Columbia. The facility will be unit train capable with approximately 55,000 tonnes of storage and over 12,000 tonnes of daily throughput capacity, making it one of the largest in northeast British Columbia. Construction will begin in late July 2024, with the first phase operational in late Q3 2024 and full completion expected in early 2025. The facility will be rail serviced by Canadian National Railways, aiming to provide improved sand access and better service to clients in the region.

Trican Well Service (TSX: TCW) ha annunciato una partnership con Source Energy Services per costruire un nuovo centro di transbordo a Taylor, Columbia Britannica. La struttura sarà capace di ricevere treni unitari con una capacità di stoccaggio di circa 55.000 tonnellate e oltre 12.000 tonnellate di capacità di trattamento giornaliero, rendendola una delle più grandi nel nord-est della Columbia Britannica. I lavori di costruzione inizieranno alla fine di luglio 2024, con la prima fase operativa prevista alla fine del terzo trimestre 2024 e il completamento totale atteso all'inizio del 2025. La struttura sarà servita da ferrovia da Canadian National Railways, con l'obiettivo di fornire un migliore accesso alla sabbia e un servizio migliore ai clienti della regione.

Trican Well Service (TSX: TCW) ha anunciado una asociación con Source Energy Services para construir una nueva instalación de transbordo en Taylor, Columbia Británica. La instalación será capaz de recibir trenes unitarios con aproximadamente 55.000 toneladas de almacenamiento y más de 12.000 toneladas de capacidad de procesamiento diario, lo que la convierte en una de las más grandes en el noreste de Columbia Británica. La construcción comenzará a finales de julio de 2024, con la primera fase operativa a finales del tercer trimestre de 2024 y la finalización completa prevista para principios de 2025. La instalación estará atendida por Canadian National Railways, con el fin de proporcionar un mejor acceso a la arena y un mejor servicio a los clientes de la región.

Trican Well Service (TSX: TCW)는 Source Energy Services와 파트너십을 맺고 브리티시컬럼비아주 테일러에 새로운 전환 시설을 건설한다고 발표했습니다. 이 시설은 약 55,000톤의 저장 용량12,000톤 이상의 일일 처리 용량을 갖춘 유닛 트레인 운행 가능 시설이 될 예정으로, 브리티시컬럼비아주 북동부에서 가장 큰 규모 중 하나가 될 것입니다. 건설은 2024년 7월 하순에 시작되며, 첫 번째 단계는 2024년 3분기 말에 가동될 예정이며, 완공은 2025년 초로 예상됩니다. 이 시설은 Canadian National Railways에 의해 철도로 서비스되어, 지역 내 고객에게 보다 나은 모래 접근성과 서비스 제공을 목표로 하고 있습니다.

Trican Well Service (TSX: TCW) a annoncé un partenariat avec Source Energy Services pour construire une nouvelle installation de transbordement à Taylor, en Colombie-Britannique. L'installation sera capable de gérer des trains unitaires avec environ 55 000 tonnes de capacité de stockage et plus de 12 000 tonnes de capacité de traitement quotidienne, ce qui en fera l'une des plus grandes de la Colombie-Britannique du nord-est. La construction commencera fin juillet 2024, avec la première phase opérationnelle à la fin du troisième trimestre 2024 et l'achèvement complet prévu début 2025. L'installation sera desservie par Canadian National Railways, visant à fournir un meilleur accès au sable et un meilleur service aux clients de la région.

Trican Well Service (TSX: TCW) hat eine Partnerschaft mit Source Energy Services angekündigt, um eine neue Umladeeinrichtung in Taylor, British Columbia, zu errichten. Die Einrichtung wird für Einheitstransportzüge geeignet sein und verfügt über etwa 55.000 Tonnen Lagerkapazität sowie über 12.000 Tonnen tägliche Durchsatzkapazität, wodurch sie zu den größten der nordöstlichen Britisch-Kolumbien gehört. Der Bau beginnt Ende Juli 2024, mit der ersten Phase, die voraussichtlich Ende des dritten Quartals 2024 betriebsbereit ist und die vollständige Fertigstellung für Anfang 2025 geplant ist. Die Einrichtung wird von Canadian National Railways bedient, um einen verbesserten Sandzugang und besseren Service für die Kunden in der Region zu bieten.

Positive
  • Partnership with Source Energy Services to develop a large-scale transload facility
  • Facility will be one of the largest in northeast British Columbia
  • Improved sand access and better service capabilities for clients in the region
  • Phased approach to construction, with first phase operational by late Q3 2024
Negative
  • None.

Calgary, Alberta--(Newsfile Corp. - July 25, 2024) - Trican Well Service Ltd. (TSX: TCW) ("Trican") is pleased to announce that it has entered into a partnership with Source Energy Services Ltd. ("Source") to construct a new transload facility (the "Facility") in The District of Taylor, British Columbia. The Facility will be unit train capable and feature approximately 55,000 tonnes of storage and greater than 12,000 tonnes of daily throughput capacity making it one of the largest facilities in northeast British Columbia.

"The new facility will provide improved sand access and help us better service our clients in northeast British Columbia," said Brad Fedora, President and Chief Executive Officer of Trican. "We are pleased to partner with the leading integrated sand provider in Canada in developing critical infrastructure necessary to help unlock Canadian energy in the region."

"We are proud to partner with the leading pressure pumping service company in the Western Canadian Sedimentary Basin to develop much needed northeast British Columbia sand logistics infrastructure," said Scott Melbourn, Chief Executive Officer of Source. "Upon completion Source and Trican will be able to offer unparalleled service in the region."

Construction of the Facility will commence in late July of 2024 with the first phase expected to be operational in late Q3 2024 with full completion anticipated in early 2025. The Facility will be rail serviced by Canadian National Railways.

ABOUT TRICAN

Headquartered in Calgary, Alberta, Trican supplies oil and natural gas well servicing equipment and solutions to our customers through the drilling, completion, and production cycles. Our team of technical experts provide state of the art equipment, engineering support, reservoir expertise and laboratory services through the delivery of hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales for the oil and gas industry in Western Canada. Trican is the largest pressure pumping service company in Canada.

Requests for further information should be directed to:

Brad Fedora
President and Chief Executive Officer

Scott Matson
Chief Financial Officer

Phone: (403) 266-0202
Fax: (403) 237-7716
2900, 645 - 7th Avenue S.W.
Calgary, Alberta T2P 4G8

Please visit our website at www.tricanwellservice.com.

FORWARD-LOOKING STATEMENTS

Certain statements contained in this document constitute forward-looking information and statements (collectively "forward-looking statements"). These statements relate to future events or our future performance. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate," "achieve," "estimate," "expect," "intend," "plan," "planned," and other similar terms and phrases. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. We believe the expectations reflected in these forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct, and such forward-looking statements included in this document should not be unduly relied upon. These statements speak only as of the date of this document.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/217687

FAQ

What is the storage capacity of Trican's new transload facility in Taylor, BC?

The new transload facility in Taylor, BC, will have approximately 55,000 tonnes of storage capacity.

When is the construction of Trican's (TOLWF) new facility expected to be fully completed?

The full completion of Trican's new transload facility is anticipated in early 2025.

What is the daily throughput capacity of Trican's new facility in Taylor, BC?

The new facility will have a daily throughput capacity of greater than 12,000 tonnes.

Which railway company will service Trican's new transload facility in Taylor, BC?

The new transload facility will be rail serviced by Canadian National Railways.

TRICAN WELL SVC CO LTD

OTC:TOLWF

TOLWF Rankings

TOLWF Latest News

TOLWF Stock Data

747.12M
197.62M
0.6%
26.31%
Oil & Gas Equipment & Services
Energy
Link
United States of America
Calgary