trending Market Intelligence /marketintelligence/en/news-insights/trending/rI_fCfy8pGbn-EKuyZZvww2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Precision Drilling sells 5 drilling rigs in Mexico for $48M

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August


Precision Drilling sells 5 drilling rigs in Mexico for $48M

Calgary, Alberta-based Precision Drilling Corp. said March 18 that it will sell five Mexico-based drilling rigs and ancillary equipment for $48 million.

The company has received $30 million for three drilling rigs and will receive the remaining amount in April after the delivery of the fifth rig. Precision will have no assets in Mexico following the transaction.

The driller also said it has completed divesting its water treatment business Terra Water Systems. No details were provided.

The company said it will continue to explore divesting other non-core assets and businesses.

Precision also announced it has commenced the redemption of $30 million of its 6.50% senior notes due 2021.

The company said it was awarded three-year contract renewals for two rigs in Saudi Arabia effective March 1, while the company has secured one-year extensions on two rigs that were set to expire midyear in Kuwait.