CALGARY, ALBERTA–(Marketwired – Jan. 23, 2018) – Precision Drilling Corporation (“Precision”) (TSX:PD)(NYSE:PDS) intends to release its 2017 fourth quarter results before the market opens on Thursday, February 15, 2018 and has scheduled a conference call and webcast to begin promptly at 12:00 Noon MT (2:00 p.m. ET) on the same day.

The conference call dial in numbers are 844-515-9176 or 614-999-9312 (International) or a live webcast is accessible on Precision’s website at www.precisiondrilling.com

An archived version of the webcast will be available for approximately 60 days. An archived recording of the conference call will be available approximately one hour after … Continue Reading

CALGARY, ALBERTA–(Marketwired – Jan. 15, 2018) – Precision Drilling Corporation (TSX:PD)(NYSE:PDS)

This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release.

Precision Drilling Corporation (“Precision”) (TSX:PD)(NYSE:PDS) posted an updated investor presentation on its website. Key highlights include, but are not limited to:

CALGARY, ALBERTA–(Marketwired – Dec. 4, 2017) –

This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. Dollars are in Canadian dollars unless otherwise noted.

Precision Drilling Corporation (“Precision” or the “Company”) (TSX:PD) (NYSE:PDS) announced a 2018 capital expenditure plan of $94 million, comprised of $62 million for maintenance and infrastructure and $32 million to upgrade existing rigs. We expect that the $94 … Continue Reading

CALGARY, ALBERTA–(Marketwired – Dec. 1, 2017) – Precision Drilling Corporation (“Precision”) (TSX:PD) (NYSE:PDS) announced today the addition of Michael R. Culbert to its Board of Directors.

Mr. Culbert is Vice Chairman of Progress Energy Canada Ltd (“Progress Energy”), a wholly owned subsidiary of PETRONAS, Malaysia’s integrated energy corporation. Progress Energy is a Canadian energy company focused on the development of unconventional natural gas. Prior to becoming Vice Chairman, Mr. Culbert served as President and CEO of Progress Energy. Mr. Culbert also served as President of Pacific NorthWest LNG from 2014 to 2016 where he led an international consortium through a … Continue Reading

CALGARY, ALBERTA–(Marketwired – Nov. 22, 2017) – Precision Drilling Corporation (“Precision”) (TSX:PD) (NYSE:PDS) announced today the closing of its previously announced private offering of US$400 million aggregate principal amount of 7.125% Senior Notes due 2026 (the “Notes”) in a transaction that was exempt from the registration requirements of the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Notes were guaranteed on a senior unsecured basis by current and future U.S. and Canadian subsidiaries of Precision that also guarantee Precision’s revolving credit facility and certain other future indebtedness. As previously announced, Precision will use the net proceeds from … Continue Reading

CALGARY, ALBERTA–(Marketwired – Nov. 22, 2017) – Precision Drilling Corporation (TSX:PD)(NYSE:PDS) (“Precision”) announced today the early results of its previously announced cash tender offers for any and all of its outstanding 6.625% Senior Notes due 2020 (the “2020 Notes”) and up to US$70,000,000 (the “Tender Cap”) of its outstanding 6.500% Senior Notes due 2021 (the “2021 Notes” and, together with the 2020 Notes, the “Notes”).

Early Tender Results

As of 5:00 p.m., New York City time, on November 21, 2017 (the “Early Tender Date”), Precision had received valid tenders from holders of the Notes as outlined in the table below.… Continue Reading

CALGARY, ALBERTA–(Marketwired – Nov. 9, 2017) – Precision Drilling Corporation (TSX:PD)(NYSE:PDS) (“Precision”) announced today that it has priced US$400 million aggregate principal amount of its 7.125% Senior Notes due 2026 (the “Notes”) in a private offering that is exempt from the registration requirements of the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Notes will be guaranteed on a senior unsecured basis by current and future U.S. and Canadian subsidiaries that also guarantee Precision’s revolving credit facility and certain other future indebtedness. Precision plans to use the net proceeds from the offering, together with cash on hand, … Continue Reading

Proceeds Will Be Used to Repurchase and Redeem Existing Senior Notes

CALGARY, ALBERTA–(Marketwired – Nov. 8, 2017) – Precision Drilling Corporation (“Precision”) (TSX:PD)(NYSE:PDS) announced today that it intends, subject to market and other conditions, to offer US$400,000,000 aggregate principal amount of Senior Notes due 2026 (the “Notes”) in a private offering that is exempt from the registration requirements of the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Notes will be guaranteed on a senior unsecured basis by current and future U.S. and Canadian subsidiaries that also guarantee Precision’s revolving credit facility and certain other future indebtedness. … Continue Reading

CALGARY, ALBERTA–(Marketwired – Nov. 8, 2017) – Precision Drilling Corporation (“Precision”) (TSX:PD)(NYSE:PDS) announced today that it commenced tender offers for any and all of its outstanding 6.625% Senior Notes due 2020 (the “2020 Notes”) and up to US$70,000,000 of its outstanding 6.500% Senior Notes due 2021 (the “2021 Notes” and, together with the 2020 Notes, the “Notes”). Concurrently with the tender offers, Precision is also soliciting consents from the holders of its 2020 Notes for proposed amendments (the “Proposed Amendments”) to the terms of the 2020 Notes to reduce the minimum notice period required in connection with redemption of the … Continue Reading

CALGARY, ALBERTA–(Marketwired – Oct. 27, 2017) –

(Canadian dollars except as indicated)

This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This news release contains references to Adjusted EBITDA, Operating Earnings (Loss) and Funds Provided by (Used In) Operations. These terms do not have standardized meanings prescribed under International Financial Reporting Standards (IFRS) and may not be comparable to similar measures used … Continue Reading

CALGARY, ALBERTA–(Marketwired – Oct. 3, 2017) –

Precision Drilling Corporation (“Precision”) (TSX:PD)(NYSE:PDS) intends to release its 2017 third quarter results before the market opens on Friday, October 27, 2017 and has scheduled a conference call and webcast to begin promptly at 12:00 Noon MT (2:00 p.m. ET) on the same day.

The conference call dial in numbers are 844-515-9176 or 614-999-9312 (International) or a live webcast is accessible on Precision’s website at www.precisiondrilling.com.

An archived version of the webcast will be available for approximately 60 days. An archived recording of the conference call will be available approximately one hour … Continue Reading

CALGARY, ALBERTA–(Marketwired – Sept. 22, 2017) –

Precision Drilling Corporation (“Precision”) (TSX:PD)(NYSE:PDS) announced today the addition of Susan M. MacKenzie to its board of directors.

Ms. MacKenzie has over thirty years of experience in the energy industry. Ms. MacKenzie has been an independent consultant since 2009. Previously, she served as Chief Operating Officer with Oilsands Quest Inc., a NYSE Amex-listed oil sands company. Prior to that, Ms. MacKenzie was employed for 12 years at Petro-Canada prior to its merger with Suncor Energy Inc. in 2009, where she served as Vice President of Human Resources and Vice President of In Situ… Continue Reading