Precision Drilling is one of the premiere onshore drilling companies in North America, we offer a wide range of High-Value services and innovative technologies to help make your next project safer and more efficient.
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Precision Drilling 2025 Drilling Summary (US)
Precision Drilling 2025 – 677 wells drilled year-to-date across Precision’s active drilling portfolio and applies the same geographic and operator-level breakdown to show where activity is concentrated. Drilling is led by Texas (224 wells) and Colorado (177 wells), followed by meaningful activity in Pennsylvania (141 wells), Wyoming (61 wells), and West Virginia (37 wells)—reflecting a balanced mix of Permian oil programs and Appalachian gas development. At the account level, activity is anchored by OXY USA (111 wells), with additional contributions from Summit Petroleum (44), Bison Oil & Gas IV (35), Hibernia Resources III (34), and VTX Energy Partners (28), indicating a diversified but still concentrated customer base.
Precision Drilling Rig Locator Map
The Precision Drilling rig locator map is updated weekly with the Precision Drilling rig locations.
Permian Basin YTD Summary
Contractor and Rig Summary Paragraph Precision 568 In 2026, the Precision 568 drilling rig operated exclusively for ConocoPhillips in Texas, drilling a total of 12 wells year-to-date. Activity was primarily concentrated in Martin County, with additional work in Upton County, while maintaining an average drilling cadence of approximately 12.2 days per well, reflecting a steady development pace. The program demonstrates a consistent multi-well horizontal drilling campaign focused on core Permian acreage. Precision 608 In 2026, the Precision 608 drilling rig operated exclusively for VTX, drilling 12 wells year-to-date in Reeves County, Texas. The rig averaged approximately 14.5 days between spuds, indicating a longer-cycle drilling program. The activity reflects a disciplined pad development strategy centered on a single operator’s ongoing Permian development program. Precision 626 In 2026, the Precision 626 drilling rig operated exclusively for Summit, drilling 12 wells year-to-date in Upton County, Texas. The rig maintained an average drilling cadence of approximately 14.1 days per well, representing a longer-cycle drilling program. Performance indicates a dedicated development campaign supporting sustained horizontal drilling activity within the operator’s core acreage. Precision 101 In 2026, the Precision 101 drilling rig worked across multiple operators including Devon and Summit, drilling a total of 10 wells year-to-date. Activity was focused primarily in Lea County, New Mexico, with additional drilling in Upton County, Texas. Averaging approximately 16.3 days between spuds, the rig supported a longer-cycle drilling program, reflecting a flexible deployment strategy across multiple development projects. Precision 581 In 2026, the Precision 581 drilling rig worked across multiple operators including Summit and Black, drilling 10 wells year-to-date. Operations were concentrated primarily in Upton County, Texas, with additional activity in Glasscock County. The average drilling cadence of 16.7 days per well reflects a longer-cycle drilling program, supporting multiple operator development programs within the Permian Basin. Precision 619 In 2026, the Precision 619 drilling rig worked across multiple operators including BLUE and Diamondback, drilling 8 wells year-to-date. Activity was concentrated entirely in Pecos County, Texas, where the rig averaged approximately 23.1 days between spuds, indicative of a longer-cycle drilling program. The rig supported a focused development campaign while servicing more than one operator during the year. Precision 553 In 2026, the Precision 553 drilling rig operated exclusively for Blackbeard, drilling 7 wells year-to-date in Crane County, Texas. The rig maintained an average drilling cadence of approximately 25.5 days per well, reflecting a longer-cycle drilling program. The activity suggests a dedicated development effort focused on advancing a single operator’s drilling inventory. Precision 567 In 2026, the Precision 567 drilling rig worked across multiple operators including SAXUM and Hibernia, drilling 5 wells year-to-date. Activity was centered primarily in Upton County, Texas, with additional work in Martin County. Averaging approximately 12.5 days between spuds, the rig maintained a steady development pace, supporting efficient execution across multiple operator programs. Precision 600 In 2026, the Precision 600 drilling rig operated exclusively for 1920, drilling 4 wells year-to-date in Reeves County, Texas. The rig achieved an average drilling cadence of just 6.3 days per well, demonstrating a highly efficient cadence. This performance reflects an optimized multi-well development program with strong drilling efficiency in a core Permian operating area. Precision 584 In 2026, the Precision 584 drilling rig worked across multiple operators including Frontier and Targa, drilling 2 wells year-to-date across Eddy and Lea counties, New Mexico. With an average of approximately 120 days between spuds, the rig reflects a longer-cycle drilling program characterized by intermittent activity across multiple operators rather than continuous development drilling. Precision 599 In 2026, the Precision 599 drilling rig operated exclusively for VTX, drilling 2 wells year-to-date in Reeves County, Texas. The rig averaged approximately 24.0 days between spuds, indicating a longer-cycle drilling program. Activity reflects a focused but lower-volume development campaign supporting the operator’s Permian Basin drilling objectives.
Who is Precision Drilling?
Precision Drilling Corporation is a Canadian-based drilling rig contractor and provider of oilfield services. As of my last knowledge update in January 2022, Precision Drilling is one of the largest drilling rig contractors in North America. Here are some key points about Precision Drilling:
- Operations: Precision Drilling operates in the drilling and energy services sector, offering contract drilling, well servicing, and strategic support services to oil and natural gas exploration and production companies.
- Drilling Rigs: The company owns and operates a diverse fleet of drilling rigs, including high-performance and technologically advanced rigs designed for various drilling applications. These rigs are used in both onshore and offshore drilling operations.
- Geographic Presence: While Precision Drilling is based in Calgary, Alberta, Canada, it operates globally, with a significant focus on the North American market. The company has a presence in key oil and gas regions in Canada, the United States, and internationally.
- Services: In addition to drilling services, Precision Drilling provides well servicing, rental equipment, and integrated drilling services. The company aims to offer a range of solutions to meet the needs of its clients in the oil and gas industry.
- Technological Innovation: Precision Drilling has a reputation for investing in and adopting advanced drilling technologies to enhance safety, efficiency, and performance in the drilling process.
As the information provided is based on my last update in January 2022, it’s advisable to check the latest information from Precision Drilling Corporation through their official website or other reliable sources for the most recent developments, financial reports, and operational updates. The oil and gas industry can experience changes, and companies may undergo strategic shifts over time.
Drilling Contacts
Precision Drilling Rigs
Precision 567 – Andrews County, TX ranks #17 in the state for BOE produced in the most recent month (Jan 2022).

Precision 600 – Loving County, TX ranks #5 in the state for BOE produced in the most recent month (Nov 2023).

Precision 461 – Weld County, CO ranks #1 in the state for BOE produced in the most recent month (Oct 2023).

Precision 599 – Reeves County, TX ranks #1 in the state for BOE produced in the most recent month (Jun 2020).

Precision 619 – Summit – Upton County, TX ranks #7 in the state for BOE produced in the most recent month (Jun 2022).

Rig Precision 464 – Verdad Resources – Weld County, CO ranks #1 in the state for BOE produced

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