- Business
- Stampede Drilling Inc. is a Canada-based energy services company that provides contract drilling services to the oil and natural gas industry in Western Canada. The company operates a fleet of approximately 18 telescopic double drilling rigs and one triple drilling rig, suited for most formations within the Western Canadian Sedimentary Basin (WCSB); it offers reliable, technologically advanced drilling solutions through high-quality equipment, top drives, high-pressure circulating systems, and experienced field staff. Stampede Drilling (U.S.) Inc., a wholly owned subsidiary, provides camp and company men accommodations as well as contract land-based drilling services in the United States. Founded in 2009 and headquartered in Calgary, Alberta, the company serves customers primarily in southeast Saskatchewan, Alberta, and other WCSB regions, targeting oil and gas exploration and production operators. In recent developments, Stampede Drilling sold certain drilling components to an unknown buyer for CAD 5.29 million on November 3, 2025, with proceeds allocated to reduce its operating line and pursue strategic initiatives including capital expenditures and growth opportunities; the company also renewed its normal course issuer bid on December 3, 2025, approved by the TSX Venture Exchange to repurchase up to 10% of its public float of common shares commencing December 9, 2025.