Precision Drilling Corporation Overview
Pro stress-test →Precision Drilling provides onshore drilling, completion, and production services to the oil and natural gas industry. Founded in 1951 and headquartered in Calgary, Canada, the company operates a substantial fleet of drilling rigs and service equipment across North America and international markets.
Strategic Profile
Pro stress-test →The company is a leading provider of High Performance, High Value services offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as Alpha™ that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results. The company differentiates itself through technological innovation and environmental solutions alongside traditional drilling services.
Competitive Landscape
Pro stress-test →Precision operates through Contract Drilling Services (rig drilling, equipment manufacturing and distribution) and Completion and Production Services (service rigs, equipment rental, camp services). The company competes in the onshore drilling services market with other major service providers including Nabors, Patterson-UTI, and other regional operators.
Industry Context
Precision Drilling Corporation operates in Oil & Gas Equipment & Services - Onshore Drilling.
Key facts
Founded: 1951 · Headquarters: Calgary, Canada · Employees: 5,504 · Revenue: $1.84B · Market cap: $1.53B