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 12 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 2024, Precision Drilling reported total carbon emissions of approximately 19,600,000 kg CO2e, comprising about 15,000,000 kg CO2e from Scope 1 and about 4,600,000 kg CO2e from Scope 2. This marks an increase from 2023, where total emissions were about 18,300,000 kg CO2e, with Scope 1 emissions at approximately 12,500,000 kg CO2e and Scope 2 at about 5,800,000 kg CO2e. Over the past few years, Precision Drilling has shown a commitment to monitoring and reporting its greenhouse gas emissions, focusing on Scope 1 and Scope 2 emissions. However, there are currently no disclosed targets for emissions reduction or specific climate pledges. The company has not provided data on Scope 3 emissions, which typically encompass indirect emissions from the value chain. Precision Drilling's emissions intensity for drilling activities has been reported, with a Scope 1 and 2 GHG emissions intensity of about 1,000 kg CO2e per tonne in 2024, compared to approximately 1,090 kg CO2e per tonne in 2023. This indicates a slight improvement in emissions efficiency relative to their drilling activities. Overall, while Precision Drilling is actively tracking its emissions, the absence of specific reduction targets or initiatives suggests an opportunity for further commitment to climate action within the industry context.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 9,500,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 5,200,000 | 0,000,000 | 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.
