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SUITE OF ENVIRONMENTAL SOLUTIONS
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SUITE OF TECHNOLOGIES
In 2024, we launched AlphaARMSTM, our modular robotics system that automates 95% of rig floor tasks across the Super Triple fleet. By improving efficiency, reducing 70,000 manual touchpoints per well, and repurposing 6,700 man-hours from high-risk areas, it boosts safety, efficiency, and environmental performance.
We are proud to invest in causes and efforts important to our employees, customers, and the communities where we live and work.
precision in the community
$416,000+
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COMMITTED TO NOT-FOR-PROFITS iN 2024
Battery Energy Storage System
Smart battery bank purposed to handle large transient rig loads from generators.
LED Rig Lighting
Designed to reduce industry emissions by displacing conventional standalone diesel-powered light towers.
SEE CASE STUDY
We recognize the importance and necessity of a global energy transition, and we are highly motivated to execute our vital role in the energy value chain while mitigating our environmental impact. Click on our interactive wellsite below to learn more about our emission reduction technologies through our EverGreen™ suite of environmental solutions.
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Grid Power
Whether hybrid, partial, or full Grid Power utilization, our solution adapts to power provider limitations, optimizing energy usage and reducing fuel consumption.
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Dynamic Gas Blending
Adjusts to changes in incoming fuel quality and pressure allowing engines to run on a wide variety of fuels, from associated gas to gasified LNG.
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Natural Gas Generators
Natural gas engines with advanced technology that enhance engine efficiency and lower emissions.
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Engine Optimizer
Drilling rig control system that monitors drilling equipment and provides the appropriate level of power in real-time.
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Fuel & Emissions Monitoring
Cloud-based solution that utilizes sensor technology to monitor fuel consumption, power generation, and emissions in real time.
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$310,000
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resources
Exceptional corporate governance is essential to our operational strategy. We are proud of the ethics and integrity instilled in our corporate culture, as well as our independent board structure, transparent communications, and investors’ access to management.
2022 ESG Performance Data
2021 Corporate Responsibility Report
2020 Corporate Responsibility Report
2019 Corporate Responsibility Report
Greenhouse Gas Emissions
Environmental Stewardship
Climate Change
Spill Prevention
Safety and Health
Talent Management
Philanthropy and Community Engagement
Stakeholder Engagement
Corruption and Ethics
Public Policy and Lobbying
Enterprise Risk Management
Board Oversight
governance & Ethics
Kilometers Drilled
10,800+
EQUIPPED SUPER SERIES RIGS
70
NATURAL
GAS CAPABLE RIGS
61
social
Environment
Hydrogen Injection
Electrolysis system provides a reliable and adjustable delivery of H2 & O2 concentrations resulting in faster and more complete combustion.
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$330,000
$400,000
2023 Modern Slavery Report
2023 ESG Performance Data
*Greenhouse Gas (GHG) emission reductions are attributed to decreased diesel fuel consumption in rig operations and are calculated in accordance with the GHG Protocol, the United States Environmental Protection Agency’s AP-42, Alberta Quantification Methodologies, Western Climate Initiative’s Quantification Protocols, or other local jurisdiction protocols.
2024 Modern Slavery Report
Environmental, Social, governance
ESG IS AT THE FOUNDATION OF OUR CORE VALUES
Precision Drilling is a leading land drilling service provider in the oilfield services industry, providing High Performance, High Value drilling solutions across North America and select international markets. As a service provider, we do not control the number of rigs our customers choose to operate, and activity levels can fluctuate significantly over time due to market conditions. Given this variability, absolute sustainment targets are not a practical measure of our environmental performance. Instead, we focus on intensity-based metrics that are influenced by operational efficiency, such as those measured per unit of activity, including per-metre-drilled or per well serviced. This approach allows us to drive continuous improvements in efficiency, emissions reduction, and resource optimization, regardless of market cycles.
Our commitment to sustainability is built on our Core Values. Our Core Values are based on three core pillars: the responsible behavior of our people, the superior performance of our assets, and enduring relationships based on integrity and respect.
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Environmental
We support responsible energy development through efficient operations, emissions reduction, and innovative technologies. Our EverGreen™ and Alpha™ suites help customers meet performance and sustainability goals.
Explore our 2024 Environmental highlights.
Environment
65% of our Super Triple fleet equipped with one or more EverGreenTM solution.
6,945,600+ Litres of diesel displaced by Battery Energy Storage System (BESS) resulting in a reduction of 8,000+ tonnes of CO2e.
Deployed EverGreenTM solutions across our Super Single fleet and ended the year with 59% of our active fleet equipped with our proprietary High Mast LED Lighting System and/or Hydrogen Injection System.
Successfully deployed the Alpha Automated Robotics Modular System (AlphaARMSTM).
Social
Our Core Values form the foundation of our commitment to safety, innovation, and sustainability. From Target Zero to field-first support and strong relationships, we empower our people and drive responsible operations.
Explore our 2024 Social highlights.
70 Different Nationalities Represented
34 Different Nationalities Recruited
37% Corporate Female Employees
60 Female Corporate New Hires
1,161 New Employees Onboarded
215 Participants – 2024 Leadership Exchange
64,810 total employee training hours
Including 11,888 SSE training hours
Indigenous Partnership formed, operating well servicing rigs across Western Canada
Governance
Strong corporate governance is key to our strategy and long-term success. With an independent Board, ethical leadership, and transparent communication, we build trust and deliver sustainable value for all stakeholders.
Explore our 2024 Governance highlights.
Governance
18,387 Emergency response drills
30% Female Board representation achieved
PD EthicsLine administration streamlined
100% of PD EthicsLine cases reported from across the organization were addressed
Issued 2024 Modern Slavery Report
2024 Highlights
2024 Highlights
2024 Highlights
Social
Leading Innovation & Environmental Sustainability
Environmental
Emission Reduction Technology
Our EverGreenTM suite of environmental solutions underscores Precision's dedication to driving sustainability in the oil and natural gas industry. By leveraging a combination of Hybrid Power Systems, optimized fuel monitoring, and innovative technologies, we empower our customers to quantify and reduce GHG emissions effectively.
Click on our interactive wellsite below to explore how these technologies are helping us achieve greater sustainability and efficiency across our operations.
SOCIAL
Our Commitment To Social Responsibility
At Precision Drilling, social responsibility is at the heart of how we operate. Guided by our Core Values, we are committed to fostering a safe, inclusive, and supportive workplace where our people can succeed. We prioritize training, leadership development, and a culture of continuous improvement to empower our teams and enhance performance. Through strong community partnerships, Indigenous engagement, and employee-driven volunteerism, we strive to make a positive impact in the communities where we live and work. Our commitment to social responsibility strengthens our culture and drives sustainable success.
Governance
Governance Built on Integrity & Accountability
Exceptional corporate governance is the foundation of Precision’s operational strategy and long-term success. We are committed to maintaining the highest standards of ethics, integrity, and accountability in all aspects of our business. Our independent Board structure ensures robust oversight, while transparent communication and open access to management foster trust and confidence among our investors and stakeholders. By upholding these principles, Precision reinforces its commitment to responsible leadership, sustainable growth, and creating value for all stakeholders.
Resources
ESG Reports & Performance Insights
Precision’s materiality assessment process ensures that our ESG efforts align with the priorities that matter most to our stakeholders and our operations. Initiated in 2017 and most recently refreshed in 2024, this process identifies and evaluates the ESG risks and opportunities that are most material to our business operations and strategic goals.
2024 ESG REPORT
2024 Highlights
2024 Highlights
2024 Highlights
AUTOMATED ROBOTICS MODULAR SYSTEM
2024 ESG Reporting Disclosure Reference Tables
2024 ESG Performance Data
2024 ESG Report
2024 ESG PERFORMANCE DATA
2024 ESG REPORTING DISCLOSURE
REFERENCE TABLES
