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                                  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 November 28, 2005

                        Commission File Number: 001-14534


                            PRECISION DRILLING TRUST
             (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.

Date:  November 28, 2005


                                       PRECISION DRILLING TRUST
                                       By its Administrator PRECISION DRILLING 
                                       CORPORATION


                                       By: /s/ Darren Ruhr
                                           ----------------------------------
                                       Name:  Darren Ruhr
                                       Title: Vice President, Corporate Services
                                              and Corporate Secretary





EXHIBIT           TITLE
-------           -----

1                 PRESS RELEASE - PRECISION DRILLING TRUST TO PRESENT AT RBC
                  CAPITAL MARKETS OIL AND GAS AND ENERGY INFRASTRUCTURE INCOME
                  TRUST CONFERENCE







                                                                      EXHIBIBT 1
                                                                      ----------


                                  NEWS RELEASE

Calgary, Alberta, Canada - November 28, 2005

                            PRECISION DRILLING TRUST
      TO PRESENT AT RBC CAPITAL MARKETS OIL & GAS AND ENERGY INFRASTRUCTURE
                            INCOME TRUST CONFERENCE

Precision Drilling Trust ("Precision") will be participating at the RBC Capital
Markets Oil & Gas and Energy Infrastructure Income Trust Conference in Toronto,
Ontario on Wednesday, November 30, 2005 at 3:05 p.m. EST. The session will be a
panel format and representatives from Precision Drilling Corporation will be Mr.
Hank B. Swartout, Chairman, & Chief Executive Officer; Mr. Gene Stahl, President
& Chief Operating Officer; and Mr. Doug Strong, Chief Financial Officer.

A live webcast of the audio portion of the presentation will be accessible on
Precision's website at WWW.PRECISIONDRILLING.COM by selecting INVESTOR
RELATIONS, then WEBCAST, with an archived version available shortly after the
live broadcast ends until December 30, 2005.

Precision Drilling Trust is Canada's largest energy services trust.
Headquartered in Calgary, Alberta, Precision is the leading provider of contract
drilling services to the Canadian oil and gas industry. Precision provides
customers with access to an extensive fleet of drilling and service rigs backed
by a comprehensive mix of support services utilizing skilled and experienced
personnel.

Precision is listed on the Toronto Stock Exchange under the trading symbol
"PD.UN" and in U.S. dollars "PD.U" and on the New York Stock Exchange under the
trading symbol "PDS".

For further information please contact Darren Ruhr, Vice President Corporate
Services and Corporate Secretary of Precision Drilling Corporation,
Administrator of Precision, 4200, 150 - 6th Avenue S.W., Calgary, Alberta T2P
3Y7, Telephone (403) 716-4500, Fax (403) 264-0251; website:
www.precisiondrilling.com.