Wednesday, August 19, 2026

Precision Drilling Trades its Coil Tubing Business for a Service Rig Business

Precision Drilling announces swap with Essential Energy Services Calgary-based Precision Drilling Corp. (ticker: PDS) announced Tuesday that the company will swap its Canadian Coil Tubing operations for Essential Energy Services’ (ticker: ESN) service rig business. In addition to the swap of assets, Precision will make a cash payment of $12 million to Essential, the company said in a press release.

Two Years into New York’s Frac Ban, State Uses more NatGas than Ever

From WXXI News Two years ago, the state banned hydrofracking of natural gas within the state’s borders. But a group of Cornell scientists who study the effects of climate change say New Yorkers are using more natural gas than ever. In December 2014, Gov. Andrew Cuomo’s administration decided not to allow fracking within New York’s borders. But two years later, scientists