Precision Drilling (NYSE:PDS) (NYSE: PDS) is a Calgary, Alberta–based oilfield services company that has provided drilling solutions since its founding in 1951. With more than seven decades of industry experience, the company delivers contract drilling services, directional and horizontal drilling, well servicing, and a suite of specialized equipment designed to meet the evolving needs of exploration and production companies worldwide.
The company’s core business activities include operating a fleet of onshore drilling rigs, offering managed pressure drilling, measurement-while-drilling (MWD) and logging-while-drilling (LWD) services, and providing completion and workover rigs. Precision Drilling also develops advanced drilling technologies aimed at improving wellbore placement, reducing non-productive time and enhancing overall safety performance. This technology focus is supported by an in-house team of engineers and field specialists dedicated to continuous innovation and operational excellence.
Precision Drilling serves customers in key oil and gas regions across North America, including Western Canada, the U.S. Rocky Mountain region, and the Gulf Coast, as well as select international markets such as Latin America and the Middle East. Its geographically diversified operations enable the company to leverage market cycles and respond to regional activity shifts while maintaining a broad portfolio of service offerings tailored to local reservoir conditions and regulatory environments.
Under the leadership of President and Chief Executive Officer Jason Gysling, Precision Drilling emphasizes a commitment to health, safety and environmental stewardship, alongside strong corporate governance practices. The company’s management team works closely with its board of directors to uphold rigorous safety standards, advance technological development, and pursue disciplined growth strategies that align with the long-term objectives of shareholders and stakeholders in the communities it serves.
