Precision Drilling
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ShareCopied to clipboardPrecision Drilling is a company. It is a public company in Calgary, Canada. It was founded in 1951 and its current CEO is Kevin A. Neveu. It is part of the Energy sector, specifically in the Oil, Gas & Consumable Fuels industry.
Key facts
- city: Calgary
- country: Canada
- revenues: 1.3B $
- company type: public
- sector: Energy
- industry: Oil, Gas & Consumable Fuels
- foundation year: 1951
- CEO: Kevin A. Neveu
- CEO approval: 81 %
- ESG score: Try Pro to see estimate
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Precision Drilling is one of the companies in Canada, companies in Oil, Gas & Consumable Fuels, companies in Energy, companies in Calgary and 3,456,808 companies in our database.
Talking Points
- Onshore Oil & Gas Drilling Technology
- Count on Precision Drilling to Deliver High Performance, High Value | Precision is a leading provider of safe and High Performance, High-Value services to the oil and gas industry. We offer customers access to an extensive fleet of highly efficient Super Series drilling rigs, supported by our digitally enabled Alpha™ suite of technologies.
- Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates in two segments, Contract Drilling Services; and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry. This segment's services include land and turnkey drilling; and procurement and distribution of oilfield supplies, as well as manufacture and refurbishment of drilling and service rig equipment. As of December 31, 2021, it operated 227 land drilling rigs, including 109 in Canada; 105 in the United States; 6 in Kuwait; 4 in Saudi Arabia; 2 in the Kurdistan region of Iraq; and 1 in the country of Georgia. As of December 31, 2021, this segment also operated 47 AlphaTM rigs with commercial AlphaAutomation; 18 AlphaApps; 4 grid power capable rigs; and 60 natural gas or bi-fuel rigs. The Completion and Production Services segment provides service rigs for well completion, workover, abandonment, maintenance, and re-entry preparation services; wellsite accommodations; oilfield surface equipment rentals; and camp and catering services to oil and natural gas exploration and production companies. As of December 31, 2021, it operated 123 well completion and workover service rigs, including 113 in Canada and 10 in the United States; 1,900 oilfield rental items, including surface storage, small-flow wastewater treatment, power generation, and solids control equipment; 109 wellsite accommodation units; 943 drill camp beds; 822 base camp beds; and three kitchen diners in Canada. Precision Drilling Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.