Precision Drilling Corporation PD.TO

PD.TO Company Overview

Precision Drilling Corporation is a Canadian-based oilfield services company focused primarily on contract drilling and well servicing for the oil and natural gas industry. The company operates one of the largest fleets of high-performance land drilling rigs in North America and provides integrated drilling solutions to exploration and production companies. Precision’s core business is concentrated in the upstream energy sector, with revenue driven mainly by contract drilling services, directional drilling, well servicing, and ancillary drilling technologies. Its customer base includes major integrated oil companies, independent exploration and production firms, and national oil companies operating in conventional and unconventional resource plays.

Precision has positioned itself as a technology-oriented drilling contractor with a focus on automation, data analytics, and pad-efficient drilling systems designed to improve operational efficiency and reduce well costs for customers. The company traces its origins to the early 1950s and evolved through acquisitions and fleet modernization into a major North American drilling contractor. Over time, Precision expanded from a regional Canadian drilling provider into an international oilfield services company with operations spanning North America and selected international markets.