Precision Drilling

• Precision Drilling trims 2025 capital budget because of market uncertainty

  Chief executive Kevin Neveu says Precision expects to spend $200 million this year, a reduction of $25 million from its earlier forecast.

  Economy

  Apr 25
  
• 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 sees boost in demand as Trans Mountain start nears

  The completion of the Trans Mountain pipeline expansion is leading to a boom in demand for drilling services according to Precision Drilling.

  Canada

  Apr 25, 2024
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• Precision Drilling reports $146M Q4 profit

  Precision Drilling Corp. says it earned $146.7 million in its latest quarter, up from a profit of $3.5 million a year earlier, as its revenue edged lower.

  Economy

  Feb 6, 2024
• Outlook for oil and gas sector ‘exceedingly strong’ in 2024: Precision Drilling

  Precision Drilling Corp. reported a third-quarter profit of $19.8 million, down from $30.7 million a year earlier, as its revenue edged higher.

  Economy

  Oct 26, 2023
• 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
• 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 reports Q3 profit, revenue up 69 per cent from year ago

  Precision Drilling Corp. reported a third-quarter profit of $30.7 million compared with a loss of $38 million a year ago as its revenue gained 69 per cent.

  Canada

  Oct 27, 2022
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• Higher rig demand expected to continue as Precision Drilling boosts capital spending

  The Calgary-based company said it will spend $125 million as the current market momentum is expected to continue in anticipation of higher activity.

  Canada

  Apr 28, 2022
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• Calgary-based Precision Drilling says higher oil prices working to its benefit as business picks up

  Canada's largest drilling rig contractor says higher oil and gas prices are boosting business and increasing revenue by 46 per cent year over year for the quarter.

  Economy

  Feb 10, 2022