Precision began in 1951 as a small onshore drilling company with one rig and quickly grew into a fleet by the end of the decade. In the 1960s and 70s, Precision expanded globally, with several years operating in Mexico, Australia, Timor, New Guinea, and Sumatra before focusing on Western Canada. This era was one of fleet modernization and technological advancements, including the development of the Deep Freeze-Hole drilling technique.
After joining the Toronto Stock Exchange in 1988, Precision used its financial growth to engineer innovative new rig designs and expanded its services to include well servicing, completion, and more. In the 21st century, Precision committed to sustainable growth and game-changing technological advancements. By investing in safe, efficient rigs and a world-class team, we’re prepared to help usher in a new era of global energy production.