Precision Drilling Corp was incorporated on June 1 2010. The Company is an independent provider of oil and natural gas drilling and related services and products. It specializes in providing onshore drilling services in conventional and unconventional oil and natural gas basins in Canada and the United States (U.S.). It also has drilling operations in Mexico, Saudi Arabia, the Kurdistan region of Iraq, and Kuwait and are contracted to commence operations in the country of Georgia in 2015. It also provides well servicing and ancillary wellsite products and services in Canada and the U.S. The Company has two business segments - Contract Drilling Services and Completion and Production Services. The Contract Drilling Services operates rigs in Canada, the U.S. and elsewhere internationally and provides onshore well drilling services to exploration and production companies in the oil and natural gas industry. At December 31, 2014, the segment consisted of: 313 land drilling rigs, capacity for approximately 88 concurrent directional drilling jobs in Canada and the United States engineering, manufacturing and repair services, for Precision's operations and centralized procurement, inventory, and distribution of consumable supplies for its operations. The Completion and Production Services comprises a number of businesses providing completion and workover services and ancillary services to oil and natural gas exploration and production companies in Canada but with a growing presence in the United States. The segment consisted of approximately 148 well completion and workover service rigs, 11 snubbing units in Canada, 4 coil tubing units in Canada, approximately 2,600 oilfield rental items, including surface storage, small-flow wastewater treatment, power generation and solids control equipment, 180 wellsite accommodation units in Canada and 65 in the United States, 46 drilling camps and four base camps in Canada and 10 large-flow wastewater treatment units, eight potable water production units and 254 pump houses in Canada.
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