Post Tagged with: "PDS"

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) …

Precision Drilling Reports Increase in Business

Precision Drilling Reports Increase in Business

Contract drilling rig and services provider Precision Drilling Corporation (ticker: PDS) reported its active rigs have increased by 16% compared to end of Q3 2017, the company said in an update.

Precision currently has 64 rigs active in the U.S., …

Precision Drilling Corporation Plans 2018 $94 Million CapEx

Precision Drilling Corporation Plans 2018 $94 Million CapEx

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 …