Precision Drilling Ups Spending Outlook as Gas Demand Climbs

August 4, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Precision Drilling Corporation (PDC) (Calgary, Alberta), an oil and gas services provider focused on Canada's shale plays, is looking at a brighter-than-expected 2025. One executive last week pointed to "very encouraging" interest among gas-directed drilling operators who are planning expansions in the Montney Shale and related areas, which spurred PDC to raise its 2025 capital-spending plan to C$240 million. Industrial Info is tracking more than US$11 billion worth of active projects involving PDC's services, about 72% of which is attributed to projects in Alberta. Prior to its second-quarter earnings statements, PDC expected its 2025 capital-spending plan to reach C$200 million, but it boosted that number 20% amid rising demand, including the potential for new customer commitments. Other companies featured: ARC Resources Limited, Tourmaline Oil Corporation, AltaGas Holdings Incorporated, Kelt Exploration Limited and Baytex Energy Corporation