Precision Drilling (NYSE:PDS) (NYSE: PDS) is a leading provider of contract drilling and oilfield services to the energy industry. The company offers a comprehensive suite of solutions—including land drilling, directional and horizontal drilling, measurement-while-drilling (MWD) services, underbalanced drilling, coiled tubing, and rig maintenance—to exploration and production companies worldwide. Precision Drilling’s fleet encompasses high-performance land rigs and mobile drilling units equipped with advanced automation and remote operations capabilities, designed to improve safety, efficiency, and operational uptime.
Founded in 1951 and headquartered in Calgary, Alberta, Precision Drilling has grown from a regional driller into one of North America’s largest drilling services providers. Over its history, the company has pioneered innovations such as automated drilling controls, integrated digital monitoring systems, and specialized service rigs for high-specification wells. These technological investments have enabled Precision Drilling to adapt to evolving reservoir complexities and stricter environmental and regulatory standards.
Precision Drilling’s operations span Canada, the United States and international markets in Latin America, the Middle East and North Africa. In Canada, the company maintains a significant presence in key resource plays, including the Montney, Duvernay and Western Canadian Sedimentary Basin. In the U.S., its operations focus on major shale basins such as the Permian, Eagle Ford and Williston, where Precision Drilling’s deep instrumentation expertise supports complex horizontal and extended-reach drilling programs.
Governed by an experienced board of directors and managed by a seasoned executive team, Precision Drilling emphasizes operational excellence, health and safety, and environmental stewardship. The company’s strategic priorities include expanding its digital services portfolio, optimizing asset utilization, and strengthening partnerships with clients to deliver customized drilling solutions that meet the demands of today’s energy markets.
