Precision Drilling Corporation Announces Divestiture of Trucking Assets

Precision Drilling Corporation Announces Divestiture of Trucking Assets 
CALGARY, ALBERTA -- (Marketwired) -- 06/16/14 --   Precision Drilling
Corporation (TSX: PD)(NYSE: PDS) ("Precision") announced today that
it has signed an agreement to sell certain assets from its trucking
operations to Aveda Transportation and Energy Services Inc.
("Aveda"). The assets included in the sale consist of trucks and
other related assets all of which are used to support drilling rig
moving operations for Precision and third parties in Texas and New
Mexico. The asset sale is expected to close on July 1, 2014. 
Kevin Neveu, Precision's President and Chief Executive Officer,
stated: "The divestiture of these non-core assets will free up
capital to invest in the growth of Precision's core businesses in
Canada, the U.S. and international markets. Additionally, we believe
the assets will be better suited in an organization committed to
growing the service capabilities of the trucking platform these
assets provide. We look forward to working with Aveda in the future
in supporting our drilling rig moving operations in the U.S. and
Certain statements contained in this news release relating to matters
that are not historical facts constitute "forward-looking
information" within the meaning of applicable Canadian securities
legislation and "forward-looking statements" within the meaning of
the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995 (collectively, "forward-looking
In particular, forward-looking information in this news release
includes, without limitation, information relating to the date of
closing of the asset sale and use of future capital. Forward-looking
information and statements are based on certain expectations and
assumptions made by Precision, including the assumption that the
asset sale will occur in accordance with and on the timing currently
contemplated by Precision. Although Precision believes these
expectations and assumptions to be reasonable, undue reliance should
not be placed on such forward-looking information as Precision cannot
give any assurances that they will prove to be correct. Actual
results could differ materially from those currently anticipated due
to a number of factors and risks including, without limitation, the
failure by either party to satisfy its respective closing obligations
under the asset purchase agreement and general economic, market and
business conditions. 
The forward-looking information contained in this press release are
made as of the date hereof and Precision does not undertake any
obligation to update publicly or revise any forward-looking
information or statements, whether as a result of new information,
future events or otherwise, unless so required by applicable
securities laws. 
About Precision 
Precision is a leading provider of safe and High Performance, High
Value services to the oil and gas industry. Precision provides
customers with access to an extensive fleet of contract drilling
rigs, directional drilling services, well service and snubbing rigs,
coil tubing services, camps, rental equipment, and water treatment
units backed by a comprehensive mix of technical support services and
skilled, experienced personnel. 
Precision is headquartered in Calgary, Alberta, Canada. Precision is
listed on the Toronto Stock Exchange under the trading symbol "PD"
and on The New York Stock Exchange under the trading symbol "PDS". 
Precision Drilling Corporation
Carey Ford
Vice President, Finance and Investor Relations
403.716.4755 (FAX)
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