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Precision Drilling Announces Closing of Axis Energy Buy

Precision Drilling Corporation (PD.TO) announced the closing of the acquisition of Axis Energy Services Holdings Inc. on Friday, September 9th. Axis provides directional drilling and MWD services, primarily in Western Canada and has a 30 job capacity. Axis was formed in 2006 and has approximately 70 employees.

"The Axis acquisition represents an important step in our strategy to integrate directional drilling services with our high Performance, high value drilling rigs", Kevin Neveu, President and Chief Executive Officer of Precision, said in a statement.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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