Precision Drilling
Precision Drilling Corporation, a leading provider in the oil and gas industry, is headquartered in Calgary, Alberta, Canada. Founded in 1951, the company has established itself as a key player in drilling services and technology, primarily operating across North America and select international markets. Specialising in contract drilling and completions, Precision Drilling offers a range of innovative solutions, including advanced drilling rigs and integrated services that enhance operational efficiency. The company is recognised for its commitment to safety and sustainability, setting industry standards with its state-of-the-art equipment and skilled workforce. With a strong market position, Precision Drilling has achieved numerous milestones, including significant technological advancements and strategic partnerships, solidifying its reputation as a trusted partner in the energy sector.
DitchCarbon Score
How does Precision Drilling's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Gas/Diesel Oil industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Precision Drilling's score of 13 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Precision Drilling's reported carbon emissions
In 2023, Precision Drilling reported total carbon emissions of approximately 12,500,000 kg CO2e for Scope 1 and about 5,800,000 kg CO2e for Scope 2, resulting in a combined total of around 18,300,000 kg CO2e. This reflects a slight increase from 2022, where emissions were approximately 12,400,000 kg CO2e for Scope 1 and 5,400,000 kg CO2e for Scope 2, leading to a total of about 17,800,000 kg CO2e. The company has set ambitious climate commitments, including a near-term initiative in collaboration with Tourmaline Oil Corporation and Caterpillar Inc. This project aims to implement mobile natural gas generators and energy storage systems for drilling rigs, projected to save approximately 3,800 tonnes of CO2 emissions per rig annually. This initiative is part of their strategy to reduce emissions from both Scope 1 and Scope 2 sources by enhancing energy efficiency and utilising cleaner energy technologies. Precision Drilling's emissions intensity for drilling activities was reported at about 43,150 kg CO2e per km in 2023, with a similar intensity of approximately 55,260 kg CO2e per km in 2022. The company continues to focus on reducing its carbon footprint while maintaining operational efficiency in the drilling sector.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 9,500,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 5,200,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Precision Drilling is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
