Precision Drilling Corporation
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Carey T. Ford
- Full Time Employees
- 5,245
- Sector
- Industrial services
- Industry
- Contract drilling
- Address
- 525–8th Avenue SW Calgary AB Canada T2P 1G1
- IPO Date
- Jun 2, 2010
- Website
- precisiondrilling.com
- Similar Companies
- Business
- Precision Drilling Corporation (TSX: PD) is a leading provider of contract drilling and related services to the North American oil and gas industry. The company offers a comprehensive range of services, including land drilling rigs for conventional and unconventional plays; directional and horizontal drilling technologies; automated management systems such as Alpha™ and EverGreen™ for enhanced operational efficiency; well servicing rigs; and complementary services like rental equipment, camp accommodations, and technical support. Precision operates primarily in Canada and the United States, targeting exploration and production companies in key basins such as the Western Canadian Sedimentary Basin and U.S. shale plays, with its headquarters in Calgary, Alberta, Canada, founded in 1951. In recent developments, Precision Drilling has focused on technological advancements and strategic expansions, including the deployment of its next-generation Super Triple™ drilling rigs equipped with AI-driven automation and the expansion of its Alpha™ suite with machine learning capabilities for real-time performance optimization as of 2025. The company secured significant contract renewals and new awards in the Permian and Montney basins, bolstering its backlog amid recovering oilfield activity. Additionally, Precision announced partnerships for low-emission drilling solutions and completed a fleet modernization program, reducing its rig count to a leaner, high-spec fleet of approximately 100 active land rigs while pursuing sustainability initiatives like EverGreen™ power systems.
Company News
Wall Street Analysts Believe Precision Drilling (PDS) Could Rally 26.28%: Here's is How to Trade
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Comparing Precision Drilling (NYSE:PDS) and Solaris Energy Infrastructure (NYSE:SEI)
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Precision Drilling Co. (TSE:PD) Stock Rated “Moderate Buy” by Wall Street Analysts
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Precision Drilling Corporation 2026 Third Quarter Results Conference Call and Webcast
PDS Biotech Announces Publication of VERSATILE-002 Phase 2 Clinical Trial Results of PDS0101 with pembrolizumab in HPV16-Positive Recurrent and/or Metastatic (R/M) Head and Neck Cancer in JAMA Oncology
Precision Drilling Corp (PDS) Stock Down 3.8% but Still Overvalued -- GF Score: 72/100
Precision Drilling Announces Renewal of Normal Course Issuer Bid
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Precision Drilling: U.S. Margin Recovery Could Drive A Rerating
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PDS Biotech Reports Second Quarter 2026 Financial Results
PDS Biotechnology Stock Crashes, Strategic Refocus Pivots to Metastatic Colorectal Cancer Program