Another oilfield company with offices is Estevan changed hands earlier this week.

On Wednesday, March 22, Trican Well Service Ltd. announced it would issue new shares to buy Canyon Services Group Inc. for $637 million. Both companies had offices in Estevan, with Canyon Technical Services located on Bourquin Road.

On a larger scale, the combined company would be the largest hydraulic fracturing company in Canada.

Trican President and CEO Dale Dusterhoft commented on the deal saying the goal is not just to combine customer bases and pressure pumping fleets, but to consolidate in an effort to further drive down costs.

If the transaction is approved, Canyon President and CEO Brad Fedora will join the combined company’s board.

More on this story and what it means locally for Estevan and southeast Saskatchewan to come.