Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

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 the month of, November 2023

Commission File Number: 001-14534

Precision Drilling Corporation

(Exact name of registrant as specified in its charter)

800, 525 - 8 Avenue S.W.
Calgary, Alberta
Canada T2P 1G1

(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_

SIGNATURE

Pursuant to the requirements of Section 12 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.

Dated: November 20, 2023	PRECISION DRILLING CORPORATION



	By:	/s/Carey T Ford .
	Name:	Carey T Ford
	Title:	Chief Financial Officer

Exhibit	DESCRIPTION

99.1	MATERIAL CHANGE REPORT DATED NOVEMBER 17, 2023

Exhibit 99.1

FORM 51-102F3

MATERIAL CHANGE REPORT

Name and Address of Company

Precision Drilling Corporation (“Precision”)

800, 525 – 8th Avenue S.W.
Calgary, Alberta, Canada T2P 1G1

Date of Material Change

November 8, 2023

News Release

A news release reporting the material change was disseminated through the services of Globe Newswire and filed on SEDAR+ and EDGAR on November 8, 2023.

Summary of Material Change

On November 8, 2023, Precision announced that it completed its acquisition of CWC Energy Services Corp. (“CWC”). The total consideration for CWC included 947,807 Precision common shares, approximately $14 million in cash, plus the assumption of CWC’s net debt of approximately $38 million, excluding transaction costs. The total transaction value for CWC was approximately $127 million on November 7, 2023.

5.1

Full Disclosure of Material Change

Effective November 8, 2023, Precision completed its acquisition of CWC. The total consideration for CWC included 947,807 common shares of Precision (the “Precision Shares”), approximately $14 million in cash, plus the assumption of CWC’s net debt of approximately $38 million, excluding transaction costs. The total transaction value for CWC was approximately $127 million on November 7, 2023.

As a result of completing the Arrangement, CWC became a wholly-owned subsidiary of Precision.

Precision has acquired all of the issued and outstanding shares of CWC (each, a “CWC Share”), with each CWC shareholder receiving, at their election (a) 0.002124306 of a Precision Share for each CWC Share; (b) $0.196668 in cash for each CWC Share; or (c) a combination of cash and Precision Shares, subject to proration

5.2

Restructuring Transaction

Not applicable.

Reliance on subsection 7.1(2) of National Instrument 51-102

Not applicable.

Omitted Information

No information has been omitted on the basis that it is confidential information.

Executive Officer

For more information, please contact:

Carey Ford, Chief Financial Officer
713.435.6100

Date of Report

November 17, 2023