Plains Energy Services Ltd.

On July 7, 2000 Calgary-based Precision Drilling Corporation completed its acquisition of all of the issued and outstanding common shares of Calgary-based Plains Energy Services Ltd. The transaction is valued at approximately $255 million.

Osler, Hoskin & Harcourt LLP in Calgary represented Plains Energy with a team that included Chris Nixon, Tristram Mallett, Ian Bock and Alyson Goldman. Borden Ladner Gervais LLP in Calgary acted for Precision Drilling with a team that included Brian Roberts and Dave Madsen.