Precision Drilling sees third-quarter profits rise on stronger Canadian rig demand

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Precision Drilling sees third-quarter profits rise on stronger Canadian rig demand
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CALGARY — Precision Drilling Corp. says it earned $39 million in the third quarter of 2024, nearly double what it earned in the same time period last year. Canada's largest oil-and-gas drilling rig company says the profit works out to $2.

CALGARY — Precision Drilling Corp. says it earned $39 million in the third quarter of 2024, nearly double what it earned in the same time period last year.

Precision Drilling says its revenue was $477 million, up from $447 million in the prior year's quarter, as drilling activity increased in Canada and internationally and more than offset lower activity in the U.S.

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