Precision drilling corporation acquires high arctic's well servicing & rentals divisions

Calgary, alberta, july 18, 2022 (globe newswire) -- precision drilling corporation (“precision” or the “company”) (tsx:pd; nyse:pds) is pleased to announce that it has entered into an asset purchase agreement to acquire the well servicing business and associated rentals assets of high arctic energy services inc. (“high arctic”) for an aggregate purchase price of $38.2 million, payable in cash (the “transaction”).
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