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Precision Drilling Expects Rig Activity To Pick Up Through Year-End; 3Q 2020 Results
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Precision Drilling announces 2020 third quarter financial results:
Rig/ Drilling Update US Land"In the U.S, we have seen rig counts improve from third quarter lows back to 25 rigs running today and expect additional rig deployments to occur into year-end. In Canada, the seasonal activity recovery to date has been largely led by deeper, gas and liquid-rich plays and is expected to continue into the winter season with a modestly improved outlook with 26 rigs running today.
InternationalInternationally, Precision has six contracted rigs operating in Kuwait and Saudi Arabia, which will continue to generate excellent operational results for our customers and stable cash flow for Precision. We remain optimistic about re-contracting opportunities for additional rigs in Kuwait in the near…
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