Precision Drilling Corp.
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Transactions
Precision Drilling Acquires High Arctic's Well Servicing, Rentals Division
Precision Drilling Acquires High Arctic's Well Servicing, Rentals Division
Cathedral Energy Services Acquires Precision’s Directional Drilling Business
Cathedral Energy Services Acquires Precision’s Directional Drilling Business
Precision Drilling Divests Water Treatment Business Terra Water Systems
Precision Drilling Divests Water Treatment Business Terra Water Systems
Precision Drilling Entered Into Swap Agreement
Precision Drilling Entered Into Swap Agreement
Precision Drilling Announces Divestiture Of Trucking Assets
Precision Drilling Announces Divestiture Of Trucking Assets
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New Financings
Closed private offering of 6.875% Senior Notes due 2029 issued at a price equal to 99.253% of the face…
Precision Drilling announced transactions to divest five of its Mexico based drilling rigs and water…
Precision Drilling Corp. announced the completion with our lenders of a one-year maturity extension of…
Revolving credit facility was downsized from $850 million.
Offered notes, due 2024, in private placement. Proceeds will support general corporate purposes.
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News
Precision Drilling Acquires High Arctic's Well Servicing, Rentals Division
“This acquisition significantly expands our well servicing division with high quality rigs and field personnel, strategic regional positioning, and alignment with key customers," Precision Drilling president and CEO Kevin Neveu said in a press release announced the company's acquisition of High Arctic Service's well servicing business and rental assets.
Tying Together Rig Automation Processes
Digital well plans and high-definition data can help operators make sense of the advanced technology on rig sites.
Precision Drilling Launches New Environmental Brand in ESG Push
The brand launch of EverGreen will bolster Precision Drilling’s commitment to reduce the environmental impact of oilfield operations, the service provider says.
Canada’s Oil, Gas Drillers Face Permanent Contraction
Just 18 rigs were active last week in the world’s fourth-largest oil-producing country, a fraction of even the depressed levels of a year ago, according to Baker Hughes data.
Precision Drilling Makes Organizational Changes
Doug Evasiuk, senior vice president of sales and marketing and officer of the company, retired at the end of June, capping a successful 26-year career with Precision Drilling, the company said July 3.
Analysts: Oilfield Service Growth “Muted” Into 2020
The Permian Basin and to a lesser extent the Eagle Ford and Marcellus shales promise a healthier environment for oilfield service providers, says Moody’s analysts in a recent report on the sector.