Precision Drilling Forms Precision Rentals

As part of an ongoing effort to increase customer convenience and streamline internal operations, Precision Drilling Corporation has combined its oilfield rental companies into one entity. Former business units Smoky Oilfield Rentals, Big D Rentals and Ducharme Oilfield Rentals joined together on September 8, 2003 to form Precision Rentals Ltd. (Precision Rentals), a wholly owned subsidiary of Precision Drilling Corporation. "Ultimately, this consolidation is a response to our changing and growing customer needs," said Gene Stahl, Vice President of Precision Rentals. "We've simplified purchasing decisions by providing oil and gas operators one point of contact to access all of their rental needs. An added benefit is that customers can receive a single invoice and summary of services which will reduce costs in their billing function."

Precision Rentals provides a wide range of oilfield rental services, including surface drilling and production equipment, downhole tubulars and well control equipment, wellsite accommodations and camp and catering services. The group is headquartered in Calgary and maintains numerous convenient equipment warehouses, including Grande Prairie, Sylvan Lake, Nisku and Medicine Hat.