[8] In 2008, Precision acquired its US rival Grey Wolf Inc. for $2 billion,[9] a merger which expanded its rig count in the US, which it had largely left in 2005, over tenfold.

[10] The acquisition led to financial difficulties which led to a $330M CAD investment by the Alberta Investment Management Corporation (AIMCo) in 2009,[11] characterized by Maclean's as a bailout.

[13] In 2018, Precision attempted to purchase Trinidad Drilling with over $1B CAD of shares as a white knight, opposing the cash bid of competitor Ensign Energy Services, however a drop in Precision's share price and thus bid value resulted in Ensign's bid prevailing.

[14] In September 2019, amid a difficult energy sector in Alberta, Precision Drilling Corporation's share price fell below the required minimum for the S&P/TSX Composite Index and was removed from the index.

[16] In December 2023, Precision had 97 land drilling rigs in Canada (25% of total 386), 104 in the US (9% of total Super-Spec land drilling rigs), and 13 among Kuwait, Saudi Arabia, Iraqi Kurdistan, and Georgia.