Precision Drilling Corporation Announces Addition of New Director
04 Oktober 2022 - 10:00PM
Precision Drilling Corporation (“Precision” or the “Company”)
(TSX:PD; NYSE:PDS) is pleased to announce the addition of Lori A.
Lancaster to its Board of Directors (the “Board”). Lori has over 25
years of experience as a strategic and financial advisor to the
global natural resources sector and has served as a board member of
both publicly traded and private companies within the sector. The
Board believes Ms. Lancaster is qualified to serve as a Director
due to her extensive knowledge and experience and that her addition
will enhance Precision’s existing Board.
Ms. Lancaster served as a Managing Director at
UBS Securities, Nomura Securities International, and Goldman Sachs
& Co. Ms. Lancaster is currently an independent director for
Laredo Petroleum, Inc. where she serves as Chair of the Finance
Committee. Additionally, she is an independent director for
Intrepid Potash, Inc. and serves as Chair of the Nominating and
Corporate Governance Committee. She previously served on the boards
of HighPoint Resources Corporation and Energen Corporation. Ms.
Lancaster earned a Bachelor of Business Administration from Texas
Christian University and a Master of Business Administration from
The University of Chicago. Additionally, she holds a Directorship
Certified designation from the National Association of Corporate
Directors (“NACD”).
“Lori has considerable experience within the
energy sector, serving in both financial and strategic advisory
roles as well as board-level leadership positions. We are excited
to have her join our Board. Lori’s invaluable expertise will help
us achieve our vision to be globally recognized as the High
Performance, High Value provider of digitally-enabled land drilling
services. We are excited to work with her in the years ahead,”
commented Steve Krablin, Chairman of the Board of Precision.
About PrecisionPrecision is a leading provider
of safe and environmentally responsible High Performance, High
Value services to the energy industry, offering customers access to
an extensive fleet of Super Series drilling rigs. Precision has
commercialized an industry-leading digital technology portfolio
known as “Alpha™” that utilizes advanced automation software and
analytics to generate efficient, predictable, and repeatable
results for energy customers. Additionally, Precision offers well
service rigs, camps and rental equipment all backed by a
comprehensive mix of technical support services and skilled,
experienced personnel.
Precision is headquartered in Calgary, Alberta,
Canada and is listed on the Toronto Stock Exchange under the
trading symbol “PD” and on the New York Stock Exchange under the
trading symbol “PDS.”
For further information, please contact:
Lavonne ZdunichDirector, Investor Relations403.716.4500
800, 525 - 8th Avenue S.W.Calgary, Alberta,
Canada T2P 1G1Website: www.precisiondrilling.com
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