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Precision Drilling Corp (PD.TO)

5.88 Up 0.53(9.91%) Nov 24, 4:00PM 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:7,834

Business Summary 

Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The company operates through 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 segmentÂ’s services include land drilling, directional drilling, and turnkey drilling; and procurement and distribution of oilfield supplies, as well as manufacture, refurbishment, and sale of drilling and service rig equipment. As of December 31, 2014, this segment operated 313 land drilling rigs, including 174 in Canada; 124 in the United States; 6 in Mexico; 4 in Saudi Arabia; 2 in Kuwait; 2 in the Kurdistan region of Iraq; and 1 in the country of Georgia. The Completion and Production Services segment offers completion and workover services, and ancillary services to oil and natural gas exploration and production companies. This segment provides service rigs for well completion, workover, abandonment, maintenance, and re-entry preparation services; snubbing units and coil tubing units for pressure control services; camp and catering services; and water system services, as well as is involved in the rental of oilfield surface equipment, and wellsite accommodations. This segment operated 156 well completion and workover service rigs, 17 snubbing units, and 4 coil tubing units in Canada and the United States; approximately 2,600 oilfield rental items, including surface storage, small-flow wastewater treatment, and power generation, and solids control equipment; and 221 wellsite accommodation units in Canada and 65 in the United States. It also had 50 drilling camps and 4 base camps in Canada; and 10 large-flow wastewater treatment units, 8 potable water production units, and 25 pump houses 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
Amounts are as of Dec 31, 2014 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.