Wednesday, December 27, 2017

Precision Drilling Corporation - PD.t

Precision Drilling Corporation - PD.t is a performance-oriented, integrated oilfield service provider and the largest in Canada.

Precision provides an extensive fleet of contract drilling rigs, directional drilling services, well service & snubbing rigs, coiled tubing services, camps, rental equipment, and water treatment units backed by a comprehensive mix of technical support services and skilled, experienced personnel.

On December 4, 2017 the company released News

Precision Drilling Corporation ("Precision" or the "Company") (TSX:PD) (NYSE:PDS) announced a 2018 capital expenditure plan of $94 million, comprised of $62 million for maintenance and infrastructure and $32 million to upgrade existing rigs. We expect that the $94 million will be split $88 million in the Contract Drilling Services segment and $6 million in the Completion and Production Services segment.