Canada Markets close in 5 hrs 47 mins

Precision Drilling Corporation (PD.TO)

Toronto - Toronto Real Time Price. Currency in CAD
Add to watchlist
69.74-0.02 (-0.03%)
As of 10:12AM EDT. Market open.

Precision Drilling Corporation

525–8th Avenue SW
Suite 800
Calgary, AB T2P 1G1
Canada

https://www.precisiondrilling.com

Sector(s)Energy
IndustryOil & Gas Drilling
Full Time Employees3,350

Key Executives

NameTitlePayExercisedYear Born
Mr. Kevin A. Neveu B.Sc, B.Sc., P.EngPres, CEO & Director1.54MN/A1961
Mr. Carey Thomas Ford C.F.A.Sr. VP & CFO734.62kN/AN/A
Mr. Darren J. RuhrChief Admin. Officer573.02kN/AN/A
Ms. Veronica H. FoleyChief Legal and Compliance Officer653.26kN/AN/A
Mr. Gene C. StahlChief Marketing Officer768.06kN/A1974
Mr. John Blair GoertzenExec. Vice-Pres and Chief Operating OfficerN/AN/A1959
Mr. Shuja U. GorayaChief Technology OfficerN/AN/AN/A
Dustin HoningMang. of Investor Relations & Corp. Devel.N/AN/AN/A
Mr. Roland H. MarksSr. VP of International Drilling OperationsN/AN/AN/A
Mr. Grant HunterSr. VP of North American Drilling OperationN/AN/AN/A
Amounts are as of December 31, 2021 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.

Description

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.

Corporate Governance

Precision Drilling Corporation’s ISS Governance QualityScore as of July 31, 2022 is 4. The pillar scores are Audit: 1; Board: 5; Shareholder Rights: 2; Compensation: 9.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.