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Precision Drilling Corporation (PD.TO)

7.31 Up 0.24(3.39%) 12:41PM EST
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Precision Drilling Corporation
525–8th Avenue SW
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:4,337

Business Summary 

Precision Drilling Corporation provides oil and natural gas drilling and related services and products. 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 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, 2015, this segment operated 251 land drilling rigs, including 134 in Canada; 102 in the United States; 5 in Mexico; 4 in Saudi Arabia; 3 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. It 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 engages in the rental of oilfield surface equipment, and wellsite accommodations. This segment operated 148 well completion and workover service rigs, 11 snubbing units, and 4 coil tubing units in Canada and the United States; approximately 2,400 oilfield rental items, including surface storage, small-flow wastewater treatment, and power generation, and solids control equipment; and 180 wellsite accommodation units in Canada. It also had 46 drilling camps and 4 base camps in Canada; and 10 large-flow wastewater treatment units, 24 pump houses, and 8 potable water production units 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, 55
Chief Exec. Officer, Pres and Director
Mr. Gene C. Stahl , 42
Pres of Drilling Operations
Mr. Carey Thomas Ford ,
Chief Financial Officer and Sr. VP
Ms. Veronica H. Foley ,
Sr. VP, Gen. Counsel and Corp. Sec.
Mr. Darren J. Ruhr ,
Sr. VP of Corp. Services
Amounts are as of Dec 31, 2015 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.