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Precision Drilling

Precision Drilling

Drilling Rigs (International)

13

FY, 2019

Revenue

$986.8 M

FY, 2021

Market Capitalization

$1.4 B

2022-11-18

Precision Drilling Summary

Company summary

Overview
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.
Type
Public
Status
Active
Founded
1951
HQ
Calgary, CA | view all locations
Website
https://www.precisiondrilling.com/Home/default.aspx
Cybersecurity rating
ESG rating
40-49 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, Chief Financial Officer, Vice President, Finance & Investor Relations

  • Shuja Goraya

    Shuja Goraya, Chief Technology Officer

  • Gene Stahl

    Gene Stahl, Chief Marketing Officer

Operating MetricsView all

Drilling Rigs (Contract Drilling Services, Iraq)

2

FY, 2019

Service Rigs (Completion and Production Services, Canada)

114
40.0%

FY, 2019

Service Rigs (Completion and Production Services)

123
37.9%

FY, 2019

LocationsView all

2 locations detected

  • Calgary, AB HQ

    Canada

    525 8 Ave SW #800

  • Houston, TX

    United States

    10350 Richmond Ave #700

Precision Drilling Financials

Summary financials

Revenue (FY, 2021)
$C986.8M
Net income (FY, 2021)
($C177.4M)
Cash (FY, 2021)
$C40.6M

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