Current PDS Stock Info

Precision Drilling Corporation (ticker: PDS) announced a 2018 CapEx of $94 million. The company said $62 million has been reserved for maintenance and infrastructure and $32 million will be used to upgrade existing rigs. The company said $94 million will be split - $88 million in the contract drilling services segment and $6 million in the completion and production services.

The capital plan includes approximately 10 to 20 upgrades to the existing rig fleet to selectively increase pumping and racking capacities, add walking systems and/or ri...


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