4 days ago · Harnessing the power of automation, AI, and smart algorithms, our Alpha™ suite of technologies helps oil and gas drilling businesses save time, reduce risk, and decrease overall well costs.

Nov 8, 2023 · Precision has acquired all of the issued and outstanding shares of CWC, with each CWC shareholder receiving, at their election (a) 0.002124306 of a Precision share for each CWC share; (b) $0.196668 in cash for each CWC share; or (c) a combination of cash and Precision shares, subject to proration.

Sep 7, 2023 · With this transaction, Precision adds to its fleet: 62 marketed service rigs in Canada, seven marketed drilling rigs in Canada, and 11 marketed drilling rigs in the U.S., including seven AC triple rigs.

Precision Drilling Corporation (“Precision”) completed its acquisition of CWC Energy Services Corp. (“CWC”) on November 7, 2023 pursuant to a Plan of Arrangement (the “Arrangement”).

CALGARY, Alberta, Oct. 02, 2024 — Precision Drilling Corporation (Precision) intends to release its 2024 third quarter results after the market closes on Tuesday, October 29, 2024, and has scheduled a conference call to begin at 11:00 a.m. MT (1:00 p.m. ET) on the next day, Wednesday, October 30, 2024.

Jan 7, 2025 · Precision remains firmly committed to its long-term debt reduction target of repaying $600 million between 2022 and 2026 and reaching a sustained Net Debt to Adjusted EBITDA leverage ratio 1 of below 1.0 times.

As one of the premiere onshore drilling companies in North America, we offer a wide range of High-Value services and innovative technologies to help make your next project safer and more efficient.

CALGARY, Alberta, Oct. 29, 2020 — Precision Drilling Corporation (“Precision” or the “Company”) (TSX:PD; NYSE:PDS) announces that it is proceeding with a 20:1 consolidation of the common shares of the Company (the “Consolidation”).

Apr 25, 2024 · Precision remains on track to reduce debt between $150 million and $200 million in 2024 and return between 25% and 35% of free cash flow to shareholders in 2024.

Sep 13, 2024 · Precision Drilling Corporation (Precision or the Company) announced today that the Toronto Stock Exchange (the TSX) has approved its intention to implement a normal course issuer bid (NCIB) for a portion of its common shares (Common Shares).