Precise Drilling Components Ltd. (PDC) was founded in Calgary, Alberta, in 2001 as a fixed cutter drill bit supplier to western Canada’s oil and natural gas sector.
The concept for PDC was conceived with the purchase of six custom, Texan designed bits from a supplier who no longer wanted them. Initially, PDC had the specialty bits produced to specification by Ontario manufacturers. Soon after, PDC began modifying and improving the bits it supplied. The customization progressed into a custom, in-house design, and manufacturing facility. PDC’s reputation for specialized tool making expanded and shipping began around Canada, the US, and internationally, including Nigeria, Egypt, and Sudan.
In 2004, PDC began purchasing its own computer numerical control (CNC) driven machine tools and moved into a 10,000-square-foot manufacturing facility in southeast Calgary. Initially, PDC focused on relatively standard bits for straightforward applications, particularly in shallow gas drilling, supplying a mix of in-house bits and tri-cone bits from GT Engineering, Inc. in Oklahoma
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