Articles tagged Precision Drilling

The commercial start up of Western Canada’s first natural gas export project, LNG Canada, is going to lead to an uptick in Montney Shale drilling in 2025, according to Calgary-based Precision Drilling Corp.

Production soared to record levels in Canada and intersected with a relatively mild winter earlier this year. This left the country with robust supply and weak natural gas prices. It also resulted in elevated levels of exports to the Lower 48, where buyers capitalized on relatively low-cost gas.

The imminent startup of Canada’s Trans Mountain oil pipeline, with LNG Canada set to ramp late this year, should provide “significant tidewater access” to boost near-term activity, according to the CEO of Calgary-based Precision Drilling Corp. 

Calgary-based drilling contractor Precision Drilling Corp. is merging its drilling operations with cross-town rival CWC Energy Services Corp., a deal designed to boost the North American rig fleet.