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Precision Announces Release of 2020 Corporate Responsibility Report Toronto Stock Exchange: PD

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CALGARY, Alta., September 14, 2020 (GLOBE NEWSWIRE) – Precision Drilling Corporation (Precision or the Company) (TSX: PD; NYSE: PDS) has announced the release of its 2020 Corporate Responsibility Report, detailing the performance of Precisions Environmental, social and governance initiatives (ESG). Through the standardization of equipment and processes and the scalable application of a strong portfolio of digital technologies, Precisions operations deliver consistency, reliability and efficiency, which not only reduces costs for customers, but also enables the company to minimize its environmental impact. The company’s social and community involvement and governance initiatives have enhanced its corporate brand, minimized the potential impact of unplanned business disruptions, and serve to improve its ability to recruit and retain top-quality staff. high quality. This Corporate Responsibility Report will be a valuable tool for investors and stakeholders to review Precisions’ significant ESG initiatives, performance and opportunities.

Highlights of the results reported by Precisions include:

  • Invest in our Super Series platforms and Alpha technologies, where a unique alignment exists between reduced operating costs, environmental footprint and GHG emissions
  • Awarded Hitachi for Data Optimization Data Insights Award for increased efficiency and reduced environmental footprint.
  • Participate in several green partnerships, including a geothermal technology project aimed at sustainable energy alternatives without emissions.
  • Continue our unwavering focus on the health and safety of our employees and stakeholders.
  • Support an inclusive workplace that provides equal opportunities for all staff.
  • Maintain a leading role by supporting our communities and numerous charitable initiatives.
  • Commitment to our strong governance practices across the organization.

A copy of the report can be viewed on the Precisions website at www.precisiondrilling.com/corporate-responsibility/

About precision
Precision is a leading provider of safe, high performance and high value services to the oil and gas industry. Precision provides customers with access to a large fleet of Super Series drilling rigs backed by a cutting edge technology platform that delivers the most innovative drilling solutions to deliver efficient, predictable and repeatable results through differentiation of services. Precision also offers well service platforms, camps, rental equipment, and directional drilling services, all supported by a full combination of technical support services and qualified and experienced personnel. Precision is headquartered in Calgary, Alberta, Canada. Precision is listed on the Toronto Stock Exchange under the symbol PD and on the New York Stock Exchange under the symbol PDS.

For more information, please contact:

Carey Ford, CFA
Senior Vice President and Chief Financial Officer
713.435.6136

Dustin Honing, CPA
Manager, Investor Relations and Business Development
403.716.4515

Precision drilling company
800, 525 – 8th avenue SW
Calgary, Alberta, Canada T2P 1G1
Website: www.precisiondrilling.com

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