Oil and Gas
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Precision Drilling Corp. provides onshore drilling, completion, and production services to the oil and natural gas industry. It operates through the following segments: Contract Drilling Services; and Completion and Production Services. Read More The Contract Drilling Services segment includes drilling rig, directional drilling, oilfield supply, and manufacturing divisions. The Completion and Production Services segment involves snubbing, rental, camp and catering, and wastewater treatment divisions. The company was founded on March 25, 1985 and is headquartered in Calgary, Canada.
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Oil and Gas
Yahoo FinanceMar 19
Precision Drilling (PDS) Exits Mexico With the Sale of Rigs
Precision Drilling Corporation PDS has announced the sale of five drilling rigs and ancillary equipment based in Mexico. The cumulative value of these transactions is $48 million. Till date, the company has received $30 million from the sale of three rigs. It will receive $10 million and $8 million from due delivery of the fourth and the fifth rig in March and April 2019, respectively. On completion of the transaction, Precision Drilling will have no assets in Mexico. Also, the company inked a deal to...
Seeking AlphaMar 18
Precision Drilling to exit Mexico with sale of five drilling rigs
Precision Drilling (NYSE:PDS) -2.6% pre-market after announcing deals to divest its five Mexico based drilling rigs and ancillary equipment for $48M. To date, PDS says it has received $30M for the sale of three drilling rigs with the balance due upon delivery of the fourth and fifth rigs in March and April. PDS says it also closed a deal to sell its Terra Water Systems water treatment business for an undisclosed sum. The company continues to explore sales of other non-core assets and businesses to focus ...
Stock Price, News, & Analysis for Precision Drilling
Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The company operates in two segments, Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry. This segment's services include land drilling, directional drilling, and turnkey drilling; and procurement and distribution of oilfield supplies, as...
Expected Apr 25, Pre-Market