Trinidad’s President and CEO answers your questions about our merger with Precision Drilling

The views expressed in this blog are the personal views of Trinidad’s President and CEO, Brent Conway, and do not constitute legal or financial advice to any person.  Readers are advised to consult their own professional advisors before making any investment decision.

Brent ConwayOn Friday, October 5, Trinidad agreed to merge with Precision Drilling, creating an industry-leading contract driller. Both companies’ board of directors have agreed to the merger and recommend shareholders vote in favour. The merger is expected to be finalized later this year, following approval from our shareholders and certain regulators.

This merger comes on the heels of a hostile take-over bid submitted by Ensign, which Trinidad’s board recommends shareholders reject. Given that the Precision offer is higher than Ensign’s, this deal is better value for our shareholders – but it also better aligns with our company’s values, culture and vision.

Of course, with all these changes come a lot of questions. We’ve gathered some of the most common questions we’ve received since the announcement and passed them along to Brent Conway, our President and CEO. Keep reading to get answers from the CEO himself. Continue reading

5 ways top drives have revolutionized drilling

Trinidad Drilling rigThis is the second post in Trinidad’s three-part series on top drives. 

A game changer. It’s someone or something that comes along and alters the status quo. Like Wayne Gretzky for hockey, Peyton Manning for football, Tiger Woods for golf and the top drive for drilling.

Brent Kryzanowski, General Manager, Canadian Operations and Top Drive expert for Trinidad’s Canadian fleet, started as a Motorhand with Trinidad in 1996. He’s seen, first hand, how the industry has been “revolutionized” by top drive technology. (Pun intended.)

“Drilling with a top drive allows operators to reach areas and milestones in measured depths of horizontal wells that would not be accessible with conventional rotary drilling,” explained Kryzanowski.

Here are five ways top drives improve efficiency and allow drilling contractors to “go boldly where they’ve never gone before.” Continue reading