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Balance Sheet Cash Flow Statement 150-6th Ave. SW, Ste. 4200 Calgary, Alberta T2P 3Y7, Canada Tel. 403-716-4500 Fax 403-264-0251 |
Type: Public
On the web:
http://www.precisiondrilling.com
Employees:
7,200
Employee growth: 56.5%
Precision Drilling Trust has taken precise aim at the oil and gas fields of North America. The company is Canada's largest drilling contractor with a fleet of more than 370 drilling rigs, 200 service rigs, 30 snubbing units, and 12,000 pieces of rental equipment. Its contract drilling and completions and production units provide drilling services, equipment supply and repair, wastewater treatment, and on-site catering and management. Precision Drilling's LRG Catering subsidiary manages more than 100 camp facilities designed to cater to oil and gas crews that work in remote drilling locations. In a major expansion, in 2008 it acquired US-based driller Grey Wolf for about $2 billion.
Key numbers for fiscal year ending December, 2008:
Sales: $901.1M
One year growth: (12.3%)
Net income: $247.6M
Income growth: (29.7%)
Officers:
Chairman: Robert L. (Bob) Phillips
CEO and Director: Kevin A. Neveu
CFO: Doug J. Strong
Competitors:
Helmerich & Payne
Nabors Industries
Patterson-UTI Energy




