Demand Fundamentals
|
Demand Technicals
Company Profile
Precision Drilling Corporation, through its subsidiaries, provides onshore well drilling services, completion and workover services, and ancillary services to the oil and gas industry in North America and internationally. The company operates in two segments, Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment provides land drilling, directional drilling, turnkey drilling, and camp and catering services- and procures and distributes oilfield supplies. This segment also manufactures and refurbishes drilling and service rig equipment. As of December 31, 2010, it operated 202 land drilling rigs, 150 land drilling rigs, 2 land drilling rigs in Mexico, and 1 land drilling rig in Chile, as well as operated 80 drilling camps and 2 base camps in Canada. The Completion and Production Services segment offers service rigs for well completion and workover services, snubbing services, and wastewater treatment services, as well as involves in the rental of oilfield surface equipment, tubulars, well control equipment, wellsite accommodations, and drilling camps. As of December 31, 2010, this segment operated 200 well completion and workover service rigs and 20 snubbing units in Canada- 77 wastewater treatment units and 3 potable water production units in Canada- and 1 drilling camp and 11 wellsite accommodation units in the United States, as well as provided approximately 11,050 oilfield rental items in Canada and the United States. The company was formerly known as Precision Drilling Trust and changed its name to Precision Drilling Corporation in June 2010. Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada.
|
