Press Releases July 13, 2026 05:00 PM

Precision Drilling Corporation Announces Change to Board

Board Member Alice Wong Steps Down from Precision Drilling's Board

By Hana Yamamoto
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Precision Drilling Corporation announced the immediate resignation of Alice Wong from its Board of Directors. Wong, who has served since 2024 and contributed to several key committees, was acknowledged for her integrity and commitment. The company continues to focus on delivering high-performance drilling services with advanced technology and environmental solutions, serving the energy sector globally.

Precision Drilling Corporation Announces Change to Board
PDS
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Key Points

  • Alice Wong resigns from the Board of Directors of Precision Drilling Corporation effective immediately.
  • Precision Drilling is a leader in energy drilling services, offering advanced digital technologies like Alpha™ and environmental initiatives such as EverGreen™.
  • The company is publicly traded on both the Toronto Stock Exchange and the New York Stock Exchange under the symbols PD and PDS respectively.

CALGARY, Alberta, July 13, 2026 (GLOBE NEWSWIRE) -- Precision Drilling Corporation announced today that Alice Wong has advised the Company that she will step down from the Board of Directors, effective immediately.

Ms. Wong has served as a director since 2024 and has been a member of the Audit Committee, the Human Resources and Compensation Committee, and the Health, Safety, Environment Council.

“We sincerely thank Alice for her dedicated service to the Company and our shareholders,” said Steven W. Krablin, Chairman of the Board. “Throughout her years on our Board, she consistently brought integrity, sound judgment, and a genuine commitment to the long-term success of our Company. We appreciate her contributions and wish her continued success.”

About Precision

Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as Alpha™ that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Our drilling services are enhanced by our EverGreen™ suite of environmental solutions, which bolsters our commitment to reducing the environmental impact of our operations. Additionally, Precision offers well service rigs, rental equipment and camps all backed by a comprehensive mix of technical support services and skilled, experienced personnel.

Precision is headquartered in Calgary, Alberta, Canada and is listed on the Toronto Stock Exchange under the trading symbol “PD” and on the New York Stock Exchange under the trading symbol “PDS”.

Additional Information

For more information about Precision, please visit our website at www.precisiondrilling.com or contact:

Lavonne Zdunich, CPA, CA
Vice President, Investor Relations
403.716.4500

800, 525 - 8th Avenue S.W.
Calgary, Alberta, Canada T2P 1G1
Website: www.precisiondrilling.com


Risks

  • Potential short-term uncertainty or leadership transition risk associated with the sudden departure of a Board member.
  • Industry-specific risks remain including energy sector volatility, particularly impacting drilling service providers.
  • Environmental and regulatory compliance challenges persist given the company's focus on reducing environmental impact, affecting operational costs and reputation.

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