Craft

Precision Drilling

Stock Price

$96.7

2024-05-15

Market Capitalization

$1.4 B

2024-05-15

Revenue

$1.9 B

FY, 2023

Precision Drilling Summary

Company Summary

Overview
Precision Drilling is a provider of onshore drilling, completion, and production services to the oil and natural gas industry. It offers drilling rig operations, rig technology, drilling optimzation, camps and catering, equipment rentals, and other services. The company also provides AlphaApps, an open platform for process development and drilling optimization, AlphaAutomation, a tool for rig equipment automation, AlphaAnalytics, a tool for drilling data management, and EverGreen, a suite of environmental solutions.
Type
Public
Status
Active
Founded
1951
HQ
Calgary, CA | view all locations
Website
https://www.precisiondrilling.com/
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • Kevin A. Neveu

    Kevin A. Neveu, President and Chief Executive Officer, Director

  • Carey T. Ford

    Carey T. Ford, Senior Vice President & Chief Financial Officer

  • Shuja Goraya

    Shuja Goraya, Chief Technology Officer

  • Gene Stahl

    Gene Stahl, President, North American Drilling

Operating MetricsView all

Service Rigs

118
4.1%

Q1, 2023

Drilling Rigs

225

Q1, 2023

Drilling Rig Utilization Days (International)

433
19.8%

Q1, 2023

LocationsView all

3 locations detected

  • Calgary, AB HQ

    Canada

    525 8 Ave SW #800

  • Houston, TX

    United States

    10350 Richmond Ave #700

  • Dubai, Dubai

    United Arab Emirates

    1201 Reef Tower, Jumeirah Lake Towers

Precision Drilling Financials

Summary Financials

Revenue (FY, 2023)
$C1.9B
Net income (FY, 2023)
$C289.2M
Cash (FY, 2023)
$C54.2M
EBIT (FY, 2023)
$C611.1M

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