Precision Drilling Corporation (PD.TO) TSX

80.50

-1.8(-2.19%)

Updated at September 29 09:52AM

Currency In CAD

Precision Drilling Corporation

Address

525–8th Avenue SW

Calgary, AB T2P 1G1

Canada

Phone

14037164500

Sector

Energy

Industry

Oil & Gas Drilling

Employees

5504

First IPO Date

January 18, 2006

Key Executives

NameTitlePayYear Born
Mr. Kevin A. Neveu B.Sc., P.EngPresident, Chief Executive Officer & Director2.34M1961
Mr. Darren J. RuhrChief Administrative Officer573,025N/A
Mr. Grant HunterSenior Vice President of North American Drilling Operation728,762N/A
Ms. Veronica H. FoleyChief Legal & Compliance Officer1.03MN/A
Mr. Shuja U. GorayaChief Technology Officer1.12M1970
Mr. Gene C. StahlPresident of North American Drilling1.2M1974
Mr. Carey Thomas Ford C.F.A.Chief Financial Officer1.22MN/A
Ms. Lavonne Zdunich C.A., CPAVice President of Investor Relations0N/A
Mr. Ross Steven Pickering FAICDSenior Vice President of Global Operations Excellence01946
Mr. Thomas Malcolm Alford B.Com.President of Well Servicing01958

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.