Trican Well Service Ltd. Issues 2020 ESG Report

Calgary, Alberta--(Newsfile Corp. - October 19, 2021) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") is pleased to announce the publication of its 2020 Environmental, Social and Governance ("ESG") Sustainability Report (the "ESG Report"). The ESG Report provides an outline of the Company's key ESG metrics, ongoing initiatives and areas of focus, and is available on Trican's website at www.tricanwellservice.com.

Selected highlights of the 2020 ESG Report:

  • 77% of our fracturing fluid systems were optimized for use with non-fresh water sources
  • 43% of active fracturing fleet equipped with dual fuel enabled pumps entering 2021
  • 3 million litres of diesel replaced with cleaner burning natural gas
  • Over 591 tonnes of CO2 equivalent emissions and 220,000 litres of diesel were eliminated through automated idle reduction technology
  • 31% of employees at Trican corporate offices were female
  • Current Board of Directors comprised of 80% independent directors of which 40% are female

"We are focused on delivering industry leading energy services to our customers while doing what is right for our people, our stakeholders and the environment," noted Mr. Bradley Fedora, President & CEO of Trican. "We look forward to making measurable improvements to the sustainability of our services while helping our customers achieve their ESG goals."

FORWARD-LOOKING INFORMATION

Certain statements and other information contained in this press release constitute "forward-looking information" and/or "statements" within the meaning of applicable Canadian securities legislation (collectively "forward-looking statements"), including, but not limited to, statements regarding future estimates, plans, forecasts, expectations, assumptions, objectives, beliefs or intentions or statements such as the Company's focus on delivering industry leading energy services are "forward-looking statements". All statements in this press release other than those relating to historical facts or current conditions are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words or phrases such as "look forward", "help", anticipate", "achieve", "estimate", "expect", "intend", "contemplate", "plan", "planned" "intend", "continue", "propose", "might", "may", "will", "shall", "project"', "should"', "could", "would", "believe", "predict", "forecast", "pursue", "potential", "capable", and other similar terms and phrases. These forward-looking statements involve known and unknown risks, uncertainties, and other factors (many of which are beyond our control) that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. We believe the expectations reflected in these forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. Therefore, the forward-looking statements included in this press release should not be unduly relied upon.

These forward-looking statements speak only as of the date of this news release. Except as required under applicable Canadian securities legislation, Trican disclaims any intention or obligation to update or revise any forward-looking statements in this press release as a result of new information, future events or otherwise.

ABOUT TRICAN

Headquartered in Calgary, Alberta, Trican provides a comprehensive array of specialized products, equipment and services that are used during the exploration and development of oil and gas reserves.

Requests for further information should be directed to:

Bradley Fedora
President and Chief Executive Officer

Scott Matson
Chief Financial Officer

Phone: (403) 266-0202
2900, 645 - 7th Avenue S.W.
Calgary, Alberta T2P 4G8

Additional information regarding Trican including Trican's most recent Annual Information Form is available under Trican's profile on SEDAR (www.sedar.com).

Please visit our website at www.tricanwellservice.com for more information on Trican.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100255

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