Calgary’s Precision Drilling Corporation (ticker: PDS) has added Michael R. Culbert to its board of directors. Culbert is vice chairman of Progress Energy Canada Ltd, a wholly owned Canadian subsidiary of PETRONAS that is focused on the development of unconventional natural gas. Prior to becoming vice chairman, Culbert served as president and CEO of Progress Energy and president of Pacific NorthWest
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.
Three U.S. plays are more active than Dec. 2015, Canadian rig count 32% higher than 2015 The number of rigs drilling in North America increased by 57 rigs over the course of the week as oil prices remain above $50 per barrel, according to information from Baker Hughes Industries. 27 rigs were added to the United States’ total, while an
Precision Drilling has 110 drilling rigs currently running in North America: seeing strengthening demand – 45 rigs under contract for 2017; company has filled 1,000 positions Calgary-based Precision Drilling Corporation (ticker: PDS) announced planned capital expenditures for 2017 of CAD$109 million. The company said its 2017 capital expenditure plan would be allocated as follows: $51 million to upgrade existing rigs,
Additional Announcements Include Asset Write Downs, International Contract Award, 2016 Capital Expenditure Plan, and Amendment to Revolving Credit Facility CALGARY, ALBERTA–(Marketwired – Oct. 22, 2015) – (Canadian dollars except as indicated) This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to
PRECISION DRILLING CORPORATION ANNOUNCES 2015 SECOND QUARTER DIVIDEND, 2015 FIRST QUARTER FINANCIAL RESULTS (Canadian dollars except as indicated) This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements”
