On Friday, Precision Drilling announced it has entered into a deal to purchase Trinidad Drilling. The sale is valued at just over $1 billion and includes $477 million in net debt. Company photo. Precision Drilling [Read more]
Trinidad Drilling expects to spend a total of $57.5 million in growth capital in 2018 Trinidad Drilling Ltd. announced it agreed to sell its three remaining rigs located in Saudi Arabia owned by Trinidad Drilling [Read more]
70% of Trinidad revenue generated by operations outside Canada Trinidad Drilling Ltd. has announced it’s moving eight rigs to the Permian Basin, TX to meet increased customer demand, according to a press release. The rigs [Read more]
Trinidad says it aims to become drilling company with lowest cost structure among competition Calgary-based Trinidad Drilling is lowering its 2018 general and administrative expenses to $43 million following a thorough review of its cost [Read more]
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