Trican Well Service Ltd. Announces 2026 Capital Budget

Core Viewpoint - Trican Well Service Ltd. has approved a 2026 capital budget of $122 million, emphasizing its commitment to disciplined investment and long-term growth [1][3]. Capital Budget Overview - The approved capital budget focuses on maintenance capital to ensure reliability and efficiency across Trican's four divisions, while also allocating targeted growth capital for modernization initiatives [2][3]. - Approximately $40 million of the growth capital is designated for Canada's first 100% natural gas fueled, continuous, heavy-duty hydraulic fracturing fleet, expected to be field ready in the second half of 2026 [2]. Management Commentary - The President and CEO of Trican stated that the 2026 capital program reflects the company's commitment to disciplined investments that enhance service quality and position the company for long-term growth [3]. - The focus on maintenance and targeted growth initiatives aims to ensure reliable and efficient equipment, enabling Trican to capture future opportunities and deliver long-term value to customers and shareholders [3]. Company Background - Trican Well Service Ltd. is headquartered in Calgary, Alberta, and provides oil and natural gas well servicing equipment and solutions throughout the drilling, completion, and production cycles [4]. - The company offers state-of-the-art equipment, engineering support, reservoir expertise, and laboratory services, including hydraulic fracturing, cementing, coiled tubing, nitrogen services, and chemical sales for the oil and gas industry in Western Canada [4].