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Precision Drilling Corporation Acquires High Arctic’s Well Servicing & Rentals Divisions

Globe Newswire - Mon Jul 18, 2022

CALGARY, Alberta, July 18, 2022 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision” or the “Company”) (TSX:PD; NYSE:PDS) is pleased to announce that it has entered into an asset purchase agreement to acquire the well servicing business and associated rentals assets of High Arctic Energy Services Inc. (“High Arctic”) for an aggregate purchase price of $38.2 million, payable in cash (the “Transaction”).

Read more at globenewswire.com

Provided Content: Content provided by Globe Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.