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HomeTrinidad drilling

Trinidad drilling

Precision Drilling
News

Precision Drilling to buy Trinidad Drilling in $1B deal

October 5, 2018 Energi Staff

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
News

Calgary’s Trinidad Drilling sells Saudi rigs instead of moving them to Permian Basin

April 12, 2018 Energi Staff 2

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]

News

Calgary-based Trinidad Drilling relocating Canadian rigs to Permian Basin, Texas

January 30, 2018 Energi Staff 2

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]

Financial

Trinidad Drilling laying off employees, cutting executive salaries to reduce expenses

January 11, 2018 Energi Staff 2

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]

In the Spotlight

Notley ignores energy and loses election again. Time for a new NDP leader

by Markham Hislop in Markham on Energy

Rachel Notley is not the person to craft or deliver a new energy vision for Alberta. She has proven that repeatedly over past 4 years How do you hope to be premier of Canada’s energy [Read more]

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