Current market conditions have Precision’s Canadian rig count at 77 working this morning with 20 rigs waiting to move to location once the ground dries. A year ago at this time, Precision was working 51 rigs in Canada. Oil drilling is leading the way in areas like the Cardium where Precision has 11 rigs running and the Viking where we have nine rigs running.Today, we have 91 rigs working in the U.S. two in Mexico and one rig that is contracted but stacked that we are still receiving margin payments on. This last stacked contracted rig is expected to return to work in the next few weeks.
Precision Drilling Trust Q2 2010 Earnings Call Transcript
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