Precision Drilling Corp.

• Precision Drilling sees 3rd-quarter profits rise on stronger rig demand

  Precision Drilling says its revenue was $477 million, up from $447 million in the prior year's quarter.

  Money

  Oct 30, 2024
  
• Precision Drilling attributes Canadian rig demand growth to Trans Mountain pipeline

  Revenue for the quarter was $429.2 million, up from $425.6 million during the same quarter last year.

  Economy

  Jul 31, 2024
  
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• Precision Drilling reports $26.9M profit in Q2 as firm reduces debt

  Precision Drilling reported a second-quarter profit of $26.9 million, reversing a $24.6 million loss from a year earlier.

  Money

  Jul 27, 2023
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• Precision Drilling reports $3.5M Q4 profit, revenue up more than 70%

  Precision Drilling Corp. saw its fourth-quarter revenue increase by 73 per cent year-over-year, as North American oil and gas drilling activity continues to pick up.

  Money

  Feb 10, 2023
• Precision Drilling Q3 revenue up more than 50% from year ago as drilling ramps up

  Precision, which is the nation's largest drilling rig contractor, says on average it had 51 active drilling rigs in Canada in the quarter, up from 18 in the same quarter last year.

  Money

  Oct 21, 2021
• Precision Drilling posts $75.9M loss in 2nd quarter despite better outlook

  Precision Drilling Corp. tripled its Canadian rig count in the second quarter, even as its net loss surged to $75.9 million because of compensation charges.

  Money

  Jul 22, 2021
• Precision Drilling second-quarter loss surges as pandemic weakens demand for oil

  The drilling company says it lost $48.9 million or 18 cents per share for the three months ended June 30, compared with a $13.8-million, five cents per share loss a year earlier.

  Jul 23, 2020
• Plunging oil prices point to ‘deep collapse’ in sector, drilling firm CEO warns

  The CEO of one of Canada's largest drilling rig contractors says plunging North American crude prices on Monday and Tuesday are signs that the oil industry is headed for a "deep, deep collapse."

  Apr 21, 2020
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• Oil and gas industry CEOs pen open letter to Ottawa asking for financial help

  Several CEOs of companies involved in Canada's oil and gas industry made a plea for financial help from the federal government on Monday through a letter published in the Financial Post.

  Economy

  Apr 6, 2020
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• Precision Drilling moves to cut costs and capital spending plan in response to COVID-19

  Precision Drilling is reducing staff, cutting salaries and lowering its capital spending plan in response to the COVID-19 pandemic and current market conditions.

  Canada

  Mar 24, 2020