PRECISION DRILLING Corp
For the period ended Dec 31, 2023. Filed Mar 4, 2024.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2023 · Filed Mar 4, 2024
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PDS$91.79+1.7%Stored close · as of Nov 6, 2026
Contents
EX-99.2 · Operating Highlights
Operating Highlights
| Year ended December 31 | 2023 | % increase/(decrease) | 2022 | % increase/(decrease) | 2021 | % increase/(decrease) |
|---|---|---|---|---|---|---|
| Contract drilling rig fleet | 214 | (4.9) | 225 | (0.9) | 227 | — |
| Drilling rig utilization days | ||||||
| U.S. | 17,961 | (11.9) | 20,396 | 40.7 | 14,494 | 20.0 |
| Canada | 21,156 | 3.1 | 20,519 | 30.0 | 15,782 | 46.2 |
| International | 2,132 | (2.6) | 2,190 | — | 2,190 | (13.3) |
| Revenue per utilization day | ||||||
| U.S. (US$) | 35,040 | 28.3 | 27,309 | 28.7 | 21,213 | (19.0) |
| Canada (Cdn$) | 33,151 | 22.6 | 27,037 | 28.1 | 21,105 | (2.3) |
| International (US$) | 50,840 | (0.8) | 51,242 | (3.0) | 52,837 | (3.6) |
| Operating cost per utilization day | ||||||
| U.S. (US$) | 20,401 | 9.5 | 18,635 | 23.8 | 15,048 | 2.6 |
| Canada (Cdn$) | 19,225 | 13.0 | 17,007 | 23.8 | 13,734 | 1.4 |
| Service rig fleet | 183 | 35.6 | 135 | 9.8 | 123 | — |
| Service rig operating hours | 201,627 | 18.4 | 170,362 | 34.3 | 126,840 | 54.8 |
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