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Precision Drilling Corp.

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Transactions

Report Date Amount (MM) Description
2022-07-18 CA$38.20

Precision Drilling Acquires High Arctic's Well Servicing, Rentals Division

Precision Drilling Acquires High Arctic's Well Servicing, Rentals Division

Report Date Amount (MM) Description
2021-07-23 CA$6.35

Cathedral Energy Services Acquires Precision’s Directional Drilling Business

Cathedral Energy Services Acquires Precision’s Directional Drilling Business

Report Date Amount (MM) Description
2019-03-18 --

Precision Drilling Divests Water Treatment Business Terra Water Systems

Precision Drilling Divests Water Treatment Business Terra Water Systems

Report Date Amount (MM) Description
2016-12-19 --

Precision Drilling Entered Into Swap Agreement

Precision Drilling Entered Into Swap Agreement

Report Date Amount (MM) Description
2014-06-17 --

Precision Drilling Announces Divestiture Of Trucking Assets

Precision Drilling Announces Divestiture Of Trucking Assets

Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
2100-10-01 $000.00

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2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

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Locked Data

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New Financings

Report Date Type Amount (MM) Description
2021-06-15 Precision Drilling Corp. Debt $400.00

Closed private offering of 6.875% Senior Notes due 2029 issued at a price equal to 99.253% of the face…

Report Date Type Amount (MM) Description
2019-03-18 Precision Drilling Corp. Redemption $30.00

Precision Drilling announced transactions to divest five of its Mexico based drilling rigs and water…

Report Date Type Amount (MM) Description
2018-12-13 Precision Drilling Corp. Debt $150.00

Precision Drilling Corp. announced the completion with our lenders of a one-year maturity extension of…

Report Date Type Amount (MM) Description
2014-05-28 Precision Drilling Corp. - 2014-05-28 Debt $400.00

Offered notes, due 2024, in private placement. Proceeds will support general corporate purposes.

Report Date Type Amount (MM) Description
2014-05-28 Precision Drilling Corp. - 2014-05-28 Debt $650.00

Revolving credit facility was downsized from $850 million.

Report Date Type Amount (MM) Description
Report Date Type Amount (MM) Description
2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

This content is locked until you subscribe

2100-05-23 Transaction $888.88

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Locked Data

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Instantly unlock over 15 years of A&D transactions and financing data.

News

Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation

Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.

Precision Drilling Acquires High Arctic's Well Servicing, Rentals Division

“This acquisition significantly expands our well servicing division with high quality rigs and field personnel, strategic regional positioning, and alignment with key customers," Precision Drilling president and CEO Kevin Neveu said in a press release announced the company's acquisition of High Arctic Service's well servicing business and rental assets.

Tying Together Rig Automation Processes

Digital well plans and high-definition data can help operators make sense of the advanced technology on rig sites.

Precision Drilling Launches New Environmental Brand in ESG Push

The brand launch of EverGreen will bolster Precision Drilling’s commitment to reduce the environmental impact of oilfield operations, the service provider says.

Canada’s Oil, Gas Drillers Face Permanent Contraction

Just 18 rigs were active last week in the world’s fourth-largest oil-producing country, a fraction of even the depressed levels of a year ago, according to Baker Hughes data.

Precision Drilling Makes Organizational Changes

Doug Evasiuk, senior vice president of sales and marketing and officer of the company, retired at the end of June, capping a successful 26-year career with Precision Drilling, the company said July 3.

Analysts: Oilfield Service Growth “Muted” Into 2020

The Permian Basin and to a lesser extent the Eagle Ford and Marcellus shales promise a healthier environment for oilfield service providers, says Moody’s analysts in a recent report on the sector.