Precision Drilling News

Precision Drilling Corp , Canada's largest oil and gas driller, posted a fourth-quarter profit as increased drilling activity in North America boosted dayrates.

Precision Drilling Corp swung to a fourth-quarter profit as strong drilling in North America boosted dayrates, and the largest oil and gas driller in Canada said it plans to spend C$1.1 billion this year to complete new rigs and to upgrade existing ones.

Precision Drilling Corp. , Canada's largest oilfield drilling company, posted net profits of $28 million or 10 cents a share for the fourth quarter.

Precision Drilling Corporation formerly Precision Drilling Trust is a Canada based oil field service company.

The newest, most modern natural gas drilling rig on the planet is guided by a simple joystick being manipulated with surprising delicacy in the meaty paw of a guy whose hard hat bears the name Big Don.

Precision Drilling Corporation intends to release its 2011 fourth quarter and year end results before the market opens on Thursday, February 9, 2012 and has scheduled a conference call and webcast to begin promptly at 12:00 Noon MT on the same day.