Precision

Calgary-based Precision Drilling Corp., whose oilfield expertise is concentrated in North America, is anticipating “a sustained period of elevated natural gas drilling activity” in advance of the sooner-than-later wave of LNG export facilities, both in Canada and the Lower 48. CEO Kevin Neveu discussed the third results and the forecast for the year ahead during…

Precision Drilling Corp., whose operations extend across Canada, the Lower 48 and overseas, is running more rigs today than in the pre-pandemic days of 2019, with activations now underway, according to CEO Kevin Neveu. Speaking to investors during the 2Q2021 conference call, Neveu said the Calgary-based oilfield services giant delivered higher-than-expected revenue during 2Q2021.  In…

Precision Drilling Corp., Canada’s largest oilfield services operator and third largest U.S. driller, has clinched an agreement to buy Calgary rival Trinidad Drilling Ltd. in a transaction valued at C$1.028 billion ($800,000).

The comeback continues in North America’s onshore, with Precision Drilling Corp. now running 59 rigs in the United States and 36 in Canada, combined activity that is almost three times higher than last year’s record lows.

Calgary-based operators Precision Drilling Corp. and Essential Energy Services Ltd. have agreed to swap some oilfield service assets, which would expand Precision’s rig operations and workforce in Canada while Essential would add coil tubing and pumping services.

Calgary-based Precision Drilling Corp. is seeing activity pick up across all of its U.S. operating regions, with the Permian Basin in West Texas “getting the most attention,” CEO Kevin Neveu told analysts during a 3Q2016 earnings call.

Calgary-based Precision Drilling Corp., whose contract drilling business works in all of North America’s major onshore basins, said Monday it used 14 fewer rigs in the United States and Canada in the first quarter than it did in the final three months of 2015, with more Canadian rigs looking for natural gas.

Calgary-based Precision Drilling Corp., whose contract drilling business works in all of North America’s major onshore basins, said Monday it used 14 fewer rigs in the United States and Canada in the first quarter than it did in the final three months of 2015, with more Canadian rigs looking for natural gas.

Precision Drilling Corp., Canada’s most active land drilling contractor, is seeing strengthening natural gas and liquids drilling in the Deep Basin, which runs through northwestern Alberta and northeastern British Columbia, but the bias in the United States continues toward oil, the CEO said Thursday.