Precision Drilling Corp. Acquires Canadian-based Directional Drilling Company
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
“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