Big fleet Precision, a land-based driller with some exposure to international markets in Argentina, Venezuela and Brazil, has a fleet of 240 drilling rigs and 250 service rigs. The company's ...

Precision Drilling Corporation (NYSE:PDS) is one of the best oil drilling stocks according to Hedge Funds, especially after a ...

Precision Drilling Corporation has experienced a 13% increase in drilling activity in the US and Canada, with a growing market share and high utilization of its rig fleet.

International revenue per utilization day was US$47,223 compared to US$51,570 in the third quarter of 2023 due to fewer rig moves and planned rig recertifications completed in 2024.

Our Super Triple fleet, the preferred rig for Montney drilling, is also nearly fully utilized, and with the expected startup of LNG Canada in mid-2025, rig demand could exceed supply.

Calgary-based Precision Drilling has stuck a C$141 million (US$103 million) deal to acquire CWC Energy Services, in a move that will boost its Canadian and US rig fleet. This is the latest of a ...

Precision Drilling Corporation (NYSE: PDS) Q3 2024 Earnings Conference Call October 30, 2024 1:00 PM ET Company Participants Lavonne Zdunich - VP, IR Carey Ford - CFO Kevin Neveu - President and ...

As Precision works to reconfigure its drilling rig fleet, by increasing its tier 1 and 2 fleet size, we believe the company's move to bolster the proportion of its high-complexity; high ...

Precision Drilling (NYSE:PDS) closed +6.7% to a 52-week high on Wednesday after easily beating expectations for Q2 earnings and revenues, as the company saw its Canadian drilling activity rise ...

Meanwhile, the contractor's Canadian rig fleet peaked at 91 active rigs, almost 50% higher than in the first quarter of 2016. Total drilling days were also up 71% over last year.