Trican commenced operations in 1979 providing cementing services out of Lloydminster, Alberta. Late 1996 saw the arrival of a new management team and, with it, a new direction was established for Trican. The Company was taken public in December of 1996 and funds were raised to provide Trican with the necessary resources to initiate growth. Two key growth strategies were implemented expand the complement of services available by adding more technical, higher margin services and open new operations bases to find new markets for these services. These strategies have proven to be very successful for Trican. Since that time, the Company has opened ten new operations bases and can now offer services virtually anywhere in the Canadian Western Sedimentary Basin its customers are exploring or developing oil and gas reserves. The Company has also been successful in expanding the nature of the services available to its customers by adding higher margin coiled tubing, nitrogen and fracturing services. By focusing on our customers needs and providing the highest quality service, Trican has become the leading pressure pumping supplier in western Canada.
In 2000, Trican made an investment in Newco Well Service, a small pressure pumping company with growing operations in the oil rich regions of western Siberia in Russia. Tricans vision in making this investment was to employ the same growth strategies in Russia that led to our success in Canada: provide high quality innovative solutions to our customers problems using state-of-the-art technology and equipment deployed by highly trained and reliable personnel. Operations in Russia have grown rapidly, new services have been offered and new bases of operations have been opened. Recently, operations have started in Kazakhstan, providing further growth opportunities for the Company.