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PRECISION DRILLING CORPORATION - 1998 SECOND QUARTER
RESULTS SEGMENT PERFORMANCE SIX MONTHS ENDED -
OCTOBER 31, 1997
CALGARY, Dec. 16 /CNW/ - Precision Drilling Corporation is pleased to
report its Segment Performance for the second quarter ended October 31, 1997.
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Segment Performance
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Three Six
Months Months
Ended Ended
October 31, October 31,
1997 1996 1997 1996
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Revenues:
Oilfield services:
Drilling services 171,028 43,476 313,666 79,671
Well servicing 15,361 9,036 27,960 12,957
Compression equipment 22,756 14,149 42,556 21,139
Oilfield equipment rental and 12,685 6,719 24,113 11,177
other
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221,830 73,380 408,295 124,944
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Industrial services:
Industrial process services 19,628 23,776 42,757 39,274
Industrial equipment rental - 13,975 11,658 27,768 19,539
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33,603 35,434 70,525 58,813
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Total revenues 255,433 108,814 478,820 183,757
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Operating Earnings:
Oilfield Services 64,169 13,570 105,202 22,739
Industrial Services 6,550 7,262 14,123 10,591
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Total operating earnings 70,719 20,832 119,325 33,330
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Precision Drilling Corporation is listed on The Toronto Stock Exchange
under the ticker symbol PD and on the New York Stock Exchange under the ticker
symbol PDS. |
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