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News Breaks | | | | October 25, 2012 | | 06:29 EDT |  | PDS | Precision Drilling has a strong portfolio of long-term customer contracts
Precision has an average of 119 rigs committed under term contracts for Q4 of 2012, an average of 100 rigs contracted for Q1 of 2013 and 91 for Q2 of 2013. In Canada, term contracted rigs normally generate 250 utilization days per rig year due to the seasonal nature of well access, whereas in the U.S. and international they usually generate 365 utilization days per rig year in most regions. | |
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