Precision Drilling
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Precision Drilling trims 2025 capital budget because of market uncertaintyChief executive Kevin Neveu says Precision expects to spend $200 million this year, a reduction of $25 million from its earlier forecast.EconomyApr 25
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Precision Drilling attributes Canadian rig demand growth to Trans Mountain pipelineRevenue for the quarter was $429.2 million, up from $425.6 million during the same quarter last year.EconomyJul 31, 2024
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Precision Drilling sees boost in demand as Trans Mountain start nearsThe completion of the Trans Mountain pipeline expansion is leading to a boom in demand for drilling services according to Precision Drilling.CanadaApr 25, 2024
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Precision Drilling reports $146M Q4 profitPrecision 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.EconomyFeb 6, 2024
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Outlook for oil and gas sector ‘exceedingly strong’ in 2024: Precision DrillingPrecision Drilling Corp. reported a third-quarter profit of $19.8 million, down from $30.7 million a year earlier, as its revenue edged higher.EconomyOct 26, 2023
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Precision Drilling reports $26.9M profit in Q2 as firm reduces debtPrecision Drilling reported a second-quarter profit of $26.9 million, reversing a $24.6 million loss from a year earlier.MoneyJul 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.MoneyFeb 10, 2023
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Precision Drilling reports Q3 profit, revenue up 69 per cent from year agoPrecision 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.CanadaOct 27, 2022
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Higher rig demand expected to continue as Precision Drilling boosts capital spendingThe Calgary-based company said it will spend $125 million as the current market momentum is expected to continue in anticipation of higher activity.CanadaApr 28, 2022
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Calgary-based Precision Drilling says higher oil prices working to its benefit as business picks upCanada'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.EconomyFeb 10, 2022
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