Sector: Energy | Industry: Oil & Gas Drilling |
Company Contact | |
Address: | 150 - 6Th Avenue S.W., Suite 4200 CALGARY AB T2P 3Y7 |
Tel: | N/A |
Website: | https://www.precisiondrilling.com |
IR: | See website |
Key People | ||
Kevin A. Neveu President, Chief Executive Officer, Director | Carey T. Ford Chief Financial Officer, Senior Vice President | Gene C. Stahl President, North American Drilling |
Shuja Goraya Chief Technology Officer | Darren J. Ruhr Chief Administrative Officer | Veronica H. Foley Chief Legal and Compliance Officer |
Business Overview |
Precision Drilling Inc is a Canada-based drilling company. The Company is engaged in the exploration and production of oil and natural gas. Its services include North American drilling, international drilling, oilfield equipment rentals, camp & catering services. The Company technology includes AlphaAutomation, AlphaApps, AlphaAnalytics and EverGreen. |
Financial Overview |
For the fiscal year ended 31 December 2023, Precision Drilling Corp (USA) revenues increased 20% to C$1.94B. Net income totaled C$289.2M vs. loss of C$34.3M. Revenues reflect Contract Drilling Services segment increase of 19% to C$1.7B, Completion & Production Services segment increase of 29% to C$240.7M. Net Income reflects General and administrative decrease of 32% to C$122.2M (expense). |