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Highlights
- Trican has approved a CAD 122 million capital budget for 2026, focused on maintenance and selective growth investment.
- Approximately CAD 40 million is allocated to the development of Canada’s first 100% natural gas-fuelled hydraulic fracturing fleet.
- The new fleet is expected to be field-ready in the second half of 2026, supporting the company’s long-term operational roadmap.
Trican Well Service Ltd. (TSX:TCW) has confirmed its Board of Directors has approved a capital budget of CAD 122 million for the 2026 financial year. The allocation prioritises maintenance capital across all operational divisions while dedicating targeted investment to growth projects intended to support long-term operational readiness and equipment modernisation.
The company noted that the 2026 budget framework aligns with its focus on operational reliability, equipment efficiency and technology upgrades across its hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales divisions.
Maintenance Capital Remains Core Priority
A significant share of the 2026 budget is dedicated to maintenance capital required to sustain reliable operations across the company’s four business divisions. The program aims to ensure equipment performance remains consistent throughout drilling, completion and production service cycles.
Maintenance spending also supports Trican’s ongoing initiatives to enhance operational readiness and minimise downtime across its service fleet.
CAD 40 Million Allocated for Natural Gas-Fuelled Fracturing Fleet
A major component of the 2026 investment plan is the allocation of approximately CAD 40 million towards the development of Canada’s first 100% natural gas-fuelled, continuous, heavy-duty hydraulic fracturing fleet.
The fleet is expected to be fully operational during the second half of 2026 and represents a key modernisation initiative within the company’s long-term development strategy. The project includes upgrades to equipment systems and operational infrastructure to support deployment across Western Canadian energy basins.
Positioning for Future Opportunities
Trican stated that the combination of disciplined spending on maintenance and targeted investment toward emerging technologies forms the foundation of its 2026 capital program. The company expects the program to support operational efficiency and readiness for future service demand within the Canadian energy sector.
About Trican Well Service Ltd.
Based in Calgary, Alberta, Trican provides oil and natural gas well servicing equipment and technical solutions across the drilling, completion and production lifecycle. Its service offerings include hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales, supported by engineering expertise, reservoir analysis and laboratory capabilities.
