Post Tagged with: "drillbit"

Precision Drilling Increased Rig Automation, Exits 2017 with 63 Active Rigs

Precision Drilling Increased Rig Automation, Exits 2017 with 63 Active Rigs

Targets 2018 upgrades to stay below $34 million

Precision Drilling Corporation (ticker: PDS) had fourth quarter 2017 revenues of CDN$347 million, an increase of 15% over Q4 2016. Precision posted a Q4 2017 net loss of CDN$47 million, or (CDN$0.16) …

February 15, 2018 - 3:57 pm — Canada, Closing Bell Story‎, Earnings, Fracing, Oil and Gas 360 Articles, Oilfield Services
Energy CapEx: Spending Money to Make Money

Energy CapEx: Spending Money to Make Money

Back when the dinosaurs roamed the Earth in the late 1980s and 1990s, oil and gas companies started to use a term called EBITDAX instead of Net Income to describe the amount of cash that was generated from ongoing operations.  …

February 17, 2016 - 7:33 pm — Analytics, Closing Bell Story‎, Exploration and Production (E&P), Feature Stories, Oil and Gas 360 Articles
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