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Precision Drilling is a provider of onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas industry. It operates in two segments: Contract Drilling Services and Completion and Production Services. The Contract Drilling Services segment includes land drilling rigs, directional drilling services, engineering, manufacturing and repair services, as well as centralized procurement, inventory and distribution of consumable supplies for its global operations. The Completion and Production Services segment provides completion, workover, abandonment, and re-entry preparation services, as well as snubbing units for pressure control services and equipment rentals.

HQCalgary, CA
Employee Ratings3.4
Overall CultureF

Latest Updates

Employees (est.) (Dec 2019)4,496(-17%)
Job Openings107
Revenue (FY, 2020)C$935.8 M(-39%)
Share Price (Sept 2021)C$44.1(+6%)
Cybersecurity ratingBMore

Key People/Management at Precision Drilling

Kevin A. Neveu

Kevin A. Neveu

President and Chief Executive Officer, Director
Carey T. Ford

Carey T. Ford

Chief Financial Officer, Vice President, Finance & Investor Relations
Shuja Goraya

Shuja Goraya

Chief Technology Officer
Gene Stahl

Gene Stahl

Chief Marketing Officer
Darren Ruhr

Darren Ruhr

Chief Administrative Officer, Senior Vice President, Corporate Services
Veronica H. Foley

Veronica H. Foley

SVP, General Counsel & Corporate Secretary
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Precision Drilling Office Locations

Precision Drilling has offices in Calgary and Houston
Calgary, CA (HQ)
525 8 Ave SW #800
Houston, TX, US
10350 Richmond Ave #700
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Precision Drilling Financials and Metrics

Precision Drilling Revenue

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Precision Drilling's revenue was reported to be C$935.75 m in FY, 2020

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Precision Drilling's current market capitalization is C$576.1 m.
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Precision Drilling Operating Metrics

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Precision Drilling Acquisitions / Subsidiaries

Company NameDateDeal Size
Grey Wolf Drilling LimitedDecember 24, 2008
Grey Wolf Drilling (Barbados) Ltd.
Precision Completion & Production Services Ltd.
Precision Directional Services
Precision Directional Services Ltd.
Precision Diversified Oilfield Services Corp
Precision Diversified Oilfield Services Corp
Precision Drilling Canada Limited Partnership
Precision Drilling Company LP
Precision Drilling Holdings Company
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Precision Drilling Revenue Breakdown

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Precision Drilling revenue breakdown by business segment: 90.4% from Contract Drilling Services and 9.6% from Completion and Production Services

Precision Drilling revenue breakdown by geographic segment: 29.8% from Canada, 56.6% from United States and 13.6% from International

Precision Drilling Cybersecurity Score

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Precision Drilling Online and Social Media Presence

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Precision Drilling Company Culture

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Precision Drilling News and Updates

Cathedral Energy Services and Precision Drilling Announce Business Transaction, Strategic Alliance and Newly Appointed Board Member

CALGARY, Alberta, July 23, 2021 (GLOBE NEWSWIRE) -- Cathedral Energy Services Ltd. (TSX:CET) (“Cathedral”) and Precision Drilling Corporation (TSX: PD, NYSE: PDS) (“Precision”) are pleased to announce the closing of Cathedral’s acquisition of Precision’s directional drilling business (the “Transac…

Precision Drilling Corporation Announces 2021 Second Quarter Unaudited Financial Results

CALGARY, Alberta, July 22, 2021 (GLOBE NEWSWIRE) -- This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Ca…

Precision Drilling Announces Release of Second Annual Corporate Responsibility Report, Creation of Environmental Team and Launch of EverGreen™ Brand

CALGARY, Alberta, July 15, 2021 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision” or the “Company”) is pleased to announce several key Environmental, Social and Governance (ESG) accomplishments aligned with our High Performance, High Value strategy and one of our three 2021 strategic…

Precision Drilling Corporation 2021 Second Quarter Results Conference Call and Webcast

CALGARY, Alberta, July 08, 2021 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision”) intends to release its 2021 second quarter results before the market opens on Thursday, July 22, 2021, and has scheduled a conference call and webcast to begin promptly at 12:00 Noon MT (2:00 p.m. ET) …

Precision Drilling Corporation Announces Closing of Offering of US$400,000,000 of 6.875% Senior Notes Due 2029 and Redemption of 7.75% Senior Notes Due 2023 and 5.25% Senior Notes Due 2024

CALGARY, Alberta, June 15, 2021 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision” or the “Company”) announced today the closing of its previously announced private offering of US$400 million aggregate principal amount of 6.875% Senior Notes due 2029 (the “Notes”), issued at a price e…

Precision Drilling Corporation Announces Pricing of Private Offering of US$400,000,000 of Senior Notes Due 2029

CALGARY, Alberta, June 02, 2021 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision” or the “Company”) announced today that it has priced US$400,000,000 aggregate principal amount of its 6.875% Senior Notes due 2029 (the “Notes”), issued at a price equal to 99.253% of the face value, in…
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Precision Drilling Frequently Asked Questions

  • When was Precision Drilling founded?

    Precision Drilling was founded in 1951.

  • Who are Precision Drilling key executives?

    Precision Drilling's key executives are Kevin A. Neveu, Carey T. Ford and Shuja Goraya.

  • How many employees does Precision Drilling have?

    Precision Drilling has 4,496 employees.

  • What is Precision Drilling revenue?

    Latest Precision Drilling annual revenue is C$935.8 m.

  • What is Precision Drilling revenue per employee?

    Latest Precision Drilling revenue per employee is C$208.1 k.

  • Who are Precision Drilling competitors?

    Competitors of Precision Drilling include NexTier Oilfield Solutions, Nabors and Diamond Offshore Drilling.

  • Where is Precision Drilling headquarters?

    Precision Drilling headquarters is located at 525 8 Ave SW #800, Calgary.

  • Where are Precision Drilling offices?

    Precision Drilling has offices in Calgary and Houston.

  • How many offices does Precision Drilling have?

    Precision Drilling has 2 offices.