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Precision Drilling Corp (PD.TO)

7.62 Up 0.08(1.06%) Mar 5, 3:59PM EST
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Precision Drilling Corp
Suite 800
Calgary, AB T2P 1G1
Canada - Map
Phone: 403-716-4500
Fax: 403-264-0251

Index Membership:N/A
Sector:Basic Materials
Industry:Oil & Gas Equipment & Services
Full Time Employees:N/A

Business Summary 

Precision Drilling Corporation provides energy services primarily to the North American oil and gas industry. It operates in two segments, Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment provides onshore drilling services to exploration and production companies in the oil and natural gas industry. It also procures and distributes oilfield supplies; and manufactures, sells, and repairs drilling equipment. As of December 31, 2013, this segment operated 327 land drilling rigs, including 187 in Canada; 127 in the United States; 8 in Mexico; 3 in Saudi Arabia; and 2 in the Kurdistan region of northern Iraq. The Completion and Production Services segment provides completion and workover services, and ancillary services to oil and natural gas exploration and production companies. It also offers snubbing, coiled tubing, camp and catering, and wastewater treatment services; and oilfield equipment rental services. As of December 31, 2013, this segment operated 191 well completion and workover service rigs, 19 snubbing units, and 12 coil tubing units in Canada and the United States; 235 wellsite accommodation units in Canada and 67 wellsite accommodation units in the United States; and 50 drilling camps and 3 base camps in Canada, and 2 drilling camps and 1 base camp in the United States. It also had 10 large-flow wastewater treatment units, 24 pump houses, and 7 potable water production units in Canada, as well as offered approximately 3,800 oilfield rental items, including surface storage, small-flow wastewater treatment, power generation, and solids control equipment primarily in Canada. Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada.

Key Statistics

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Key Executives 
Mr. Kevin A. Neveu B.Sc, P.Eng, 54
Chief Exec. Officer, Pres and Director
Mr. Robert J. McNally , 44
Chief Financial Officer and Exec. VP
Mr. Douglas J. Strong ,
Pres of Completion & Production Services
Mr. Gene C. Stahl , 41
Pres of Drilling Operations
Mr. Niels Espeland ,
Pres of International Operations
Amounts are as of 2013-12-31 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in CAD.