Trican Announces Marcellus Shale Expansion

Thursday, Jul 29, 2010

Trican Well Service Ltd. (TSX:TCW) ("Trican" or "the Company") is pleased to announce that its U.S. subsidiary, Trican Well Service, L.P. ("the US Operations"), has entered into a two-year minimum commitment contract for the provision of fracturing services to a major U.S. customer operating in the Marcellus Shale play. This work commitment is supportive of our recently announced $102 million capital budget increase with work under the contract expected to commence early in the 2010 fourth quarter. The Marcellus Shale play is a logical choice for geographic expansion as it is a large, low cost and growing market providing Trican with an opportunity to introduce its "EcoClean" fracturing fluid technology in many environmentally sensitive areas throughout the basin. By the end of 2010, we anticipate approximately 60% of the US Operations 350,000 horsepower will be committed to long term work arrangements as a result of this contract combined with other long term customer commitments.

Headquartered in Calgary, Alberta, Trican has operations in Canada, Russia, the US and North Africa. Trican provides a comprehensive array of specialized products, equipment and services that are used during the exploration and development of oil and gas reserves.

Source: Market Wire