Trican Looking to sell US Holdings

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Officials Hopeful Lamar Township Site Will nNt be Affected

LOCK HAVEN – The head of local economic development said he is hopeful the possible sale of Trican Well Services Ltd will not have an adverse effect on operations at Trican’s Lamar Township facility.

Clinton County Economic Partnership chief executive officer Mike Flanagan told therecord-online today he has talked with local Trican officials and their expectations are that a talked about sale would have minimal impact on the local employer.

Oil/gas business trade publications this week reported that Calgary-based Trican is negotiating to sell its U.S. pressure pumping business to Texas-based Keane Group for an undisclosed price. A trade publication said Trican has suffered from the worldwide drilling slump. Trican said in November only six of its 16 U.S. pressure pumping units were still operating. Lamar Township is one of them. At last report there were some 180 employees there. The regional facility services gas field customers within the Marcellus and Utica Shale territories including parts of Pennsylvania, Ohio and West Virginia.

Flanagan said he talked today to local Trican officials and they said the Lamar Township facility was “doing well.” He said he was told even if the sale to the Keane Group is consummated, local officials don’t believe operations from the site just off Interstate 80 will be that greatly affected. Company employees have been made aware of the status of a possible sale, he said.

Trican last year suspended international operations in Australia, Algeria, Saudi Arabia and Columbia. In August of last year the company sold its Russian pressure pumping business to a Russian company.

Keane has been operating since 1973 and is based in Houston. It has offices in Texas, Pennsylvania and North Dakota. The privately held company began work in the Marcellus Shale in 2010.

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