Company
Precision Drilling Corporation
Headquarters: Calgary, AB, Canada
Founded: 1951
Employees: 3,350
CEO: Mr. Kevin A. Neveu B.Sc., B.Sc, P.Eng
Market Cap
C$1.05 Billion
CAD as of Jan. 1, 2024
US$793.1 Million
Precision Drilling Corporation Categories
Canada Energy Oil & Gas DrillingCanada Energy Canada Oil & Gas Drilling
Top Competitors by Market Capitalization
Industry: Oil & Gas Drilling
| Company | Market Cap (USD) |
|---|---|
| Transocean Ltd. | $5.02 B |
| Patterson-UTI Energy, Inc. | $4.52 B |
| Sinopec Oilfield Service Corp | $3.83 B |
| Helmerich & Payne, Inc. | $3.63 B |
| Seadrill Ltd | $3.45 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Aramco | $2.132 T |
| ExxonMobil | $412.55 B |
| Chevron | $287.56 B |
| Shell | $213.51 B |
| PetroChina | $182.61 B |
Detailed Description
Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates in two segments, Contract Drilling Services; and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry. This segment's services include land and turnkey drilling; and procurement and distribution of oilfield supplies, as well as manufacture and refurbishment of drilling and service rig equipment. As of December 31, 2021, it operated 227 land drilling rigs, including 109 in Canada; 105 in the United States; 6 in Kuwait; 4 in Saudi Arabia; 2 in the Kurdistan region of Iraq; and 1 in the country of Georgia. As of December 31, 2021, this segment also operated 47 AlphaTM rigs with commercial AlphaAutomation; 18 AlphaApps; 4 grid power capable rigs; and 60 natural gas or bi-fuel rigs. The Completion and Production Services segment provides service rigs for well completion, workover, abandonment, maintenance, and re-entry preparation services; wellsite accommodations; oilfield surface equipment rentals; and camp and catering services to oil and natural gas exploration and production companies. As of December 31, 2021, it operated 123 well completion and workover service rigs, including 113 in Canada and 10 in the United States; 1,900 oilfield rental items, including surface storage, small-flow wastewater treatment, power generation, and solids control equipment; 109 wellsite accommodation units; 943 drill camp beds; 822 base camp beds; and three kitchen diners in Canada. Precision Drilling Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.
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Stocks & Indices
Precision Drilling Corporation has the following listings and related stock indices.
Stock: TSX: PD wb_incandescent
Stock: NYSE: PDS wb_incandescent
Stock: FSX: PRE1 wb_incandescent
Product & Services
Oil field services and rentals
Key People
CEO: Kevin A. Neveu
Financials
Revenue: $1.54 billion CAD (2019)