Profile: Precision Drilling Corp (PDS.N)
20 Jan 2017
Precision Drilling Corporation (Precision), incorporated on September 22, 2005, provides contract drilling, and completion and production services primarily to oil and natural gas exploration and production companies in Canada, the United States and certain international locations. It operates through two segments: Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment includes Drilling rig operations in Canada, the United States and international, and Directional drilling operations in Canada and the United States. The Completion and Production Services segment includes service rigs and equipment rentals in Canada and the United States, and snubbing and coil tubing, camps and catering, and water systems in Canada. The Company's operations in its segments are supported by business support systems, which include sales and marketing; procurement and distribution; manufacturing; equipment maintenance and certification, and engineering.
Precision provides customers with access to a fleet of contract drilling rigs, directional drilling services, well service and snubbing rigs, coil tubing services, camps, rental equipment, and water treatment units backed by a mix of technical support services. The Company's service lines include Canada drilling, the United States drilling, international drilling, integrated directional drilling, well servicing, Oilfield Equipment Rentals, camp and catering services, and water system services. Outside of Canada and the United States, it operates as Grey Wolf International. It also has an access to its parent company's fleet of over 300 land drilling rigs. Its in-house engineering and manufacturing allows it to build rigs and to make specific modifications to its customers' needs. Furthermore, its supply chain is streamlined through centralized procurement, distribution and logistical support to provide delivery of services. Its International services include oil and gas drilling; high pressure, high temperature drilling; gas-liquids and heavy oil drilling; custom rig configurations and manufacturing, and completion and production.
Precision Drilling maintains directional drilling support centers in Calgary, Alberta and Houston, Texas, as well as regional operations support centers across North America. Precision Well Servicing offers a fleet of service rigs for well completion, workover, abandonment, and re-entry preparation services, as well as snubbing and coil tubing units for pressure control services. The fleet is positioned throughout western Canada and in the northern United States. Precision Well Servicing operates a fleet of service rigs in Canada, offering a range of products. Precision Well Servicing Snubbing Services is a provider of rig assist, self-contained and fit for purpose well control equipment. Precision Well Servicing Coil Tubing Services address customers' specific needs for downhole completions and maintenance services on horizontal wells utilizing its Super Coil Tubing units and pumping equipment.
Precision Well Servicing low rate nitrogen pumping equipment and fluid pumpers offer a range of service options, including coil tubing and snubbing services support, diagnostic fracture injection testing (DFIT) and other pumping services. Precision Rentals is a provider of specialty oilfield rental equipment, including solids control, power generation, horizontal tanks, drilling surface rental equipment, drilling fluid storage solutions, frac fluid storage solutions, accommodations, and wastewater treatment. Precision Camp Services (PCS) is a provider of accommodation and food services to Precision Drilling and other clients operating in remote industrial work locations throughout Western Canada. Its full service options include superb meals, housekeeping, site planning, set-up, and maintenance. Precision's Terra Water Systems division provides clients with solutions to meet onsite water and wastewater treatment needs. It offers custom designed solutions and a selection of pre-packaged rental plants. It provides services to larger, semi-permanent remote work camp operations throughout Western Canada.
Precision Drilling Corp
525 8 Ave SW Suite 800
CALGARY AB T2P 1G1
Company Web Links
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- BRIEF-Precision Drilling reports proposed private offering of $350 million senior notes
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