Precision Drilling Corp.recently announced the closing of the acquisition of Axis Energy Services Holdings Inc. Axis provides directional drilling and MWD services, primarily in Western Canada and has a 30 job capacity. Axis was formed in 2006 and has approximately 70 employees.

“The Axis acquisition represents an important step in our strategy to integrate directional drilling services with our high performance, high value drilling rigs,” stated Precision president and CEO Kevin Neveu. “We are thrilled to welcome the Axis employees to the Precision family. They are well known for their high quality service to their customers and will enhance Precision’s directional drilling capabilities. The Axis acquisition, combined with our existing directional drilling operations and equipment on order, is expected to bring our total North American capacity to approximately 70 jobs by the end of the year.”

 

About Precision

Precision is a leading provider of safe and high performance, high value services to the North American oil and gas industry. Precision provides customers with access to an extensive fleet of contract drilling rigs, service rigs, directional drilling services, camps, snubbing units, water treatment units and rental equipment backed by a comprehensive mix of technical support services and skilled, experienced personnel. Precision is headquartered in Calgary, Alberta, Canada, and is listed on the Toronto Stock Exchange under the trading symbol “PD” and on the New York Stock Exchange under the trading symbol “PDS.”

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