UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO SECTION 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For September 30, 2003
Commission File Number: 001-14534
PRECISION DRILLING CORPORATION
(Exact name of registrant as specified in its charter)
4200, 150 - 6TH AVENUE S.W.
CALGARY, ALBERTA
CANADA T2P 3Y7
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F [_] Form 40-F [X]
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1)._______
Note: Regulation S-T Rule 101(b)(1) only permits the submission in
paper of a Form 6-K if submitted solely to provide an attached annual report to
security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7):_______
Note: Regulation S-T Rule 101(b)(7) only permits the submission in
paper of a Form 6-K if submitted to furnish a report or other document that the
registrant foreign private issuer must furnish and make public under the laws of
the jurisdiction in which the registrant is incorporated, domiciled or legally
organized (the registrant's "home country"), or under the rules of the home
country exchange on which the registrant's securities are traded, as long as the
report or other document is not a press release, is not required to be and has
not been distributed to the registrant's security holders, and, if discussing a
material event, has already been the subject of a Form 6-K submission or other
Commission filing on EDGAR.
Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes [_] No [X]
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- N/A
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
PRECISION DRILLING CORPORATION
Per: /s/ Jan M. Campbell
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Jan M. Campbell
Corporate Secretary
Date: September 30, 2003
PRECISION DRILLING CORPORATION ANNOUNCES THE FORMATION OF
PRECISION RENTALS LTD.
CALGARY, Alberta, Canada (September 30, 2003) - As part of an ongoing effort to
increase customer convenience and streamline internal operations, Precision
Drilling Corporation has combined its oilfield rental companies into one entity.
Former business units Smoky Oilfield Rentals, Big D Rentals and Ducharme
Oilfield Rentals joined together on September 8, 2003 to form Precision Rentals
Ltd. (Precision Rentals), a wholly owned subsidiary of Precision Drilling
Corporation.
"Ultimately, this consolidation is a response to our changing and growing
customer needs," said Gene Stahl, Vice President of Precision Rentals. "We've
simplified purchasing decisions by providing oil and gas operators one point of
contact to access all of their rental needs. An added benefit is that customers
can receive a single invoice and summary of services which will reduce costs in
their billing function."
Precision Rentals provides a wide range of oilfield rental services, including
surface drilling and production equipment, downhole tubulars and well control
equipment, wellsite accommodations and camp and catering services. The group is
headquartered in Calgary and maintains numerous convenient equipment warehouses,
including Grande Prairie, Sylvan Lake, Nisku and Medicine Hat.
Precision Drilling Corporation, headquartered in Calgary, Alberta, Canada, is
the largest Canadian integrated oilfield and industrial services contractor and
a global provider of products and services to the energy industry. Precision
Drilling Corporation is listed on The Toronto Stock Exchange under the trading
symbol "PD" and on the New York Stock Exchange under the trading symbol "PDS".
FOR FURTHER INFORMATION, PLEASE CONTACT DALE E. TREMBLAY, SENIOR VICE PRESIDENT
FINANCE AND CHIEF FINANCIAL OFFICER, 4200, 150 - 6TH AVENUE S.W., CALGARY,
ALBERTA, T2P 3Y7, TELEPHONE 403-716-4500; FAX 403-264-0251; WEBSITE:
www.precisiondrilling.com.
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