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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950142-03-000941.txt : 20030527
<SEC-HEADER>0000950142-03-000941.hdr.sgml : 20030526
<ACCEPTANCE-DATETIME>20030527113615
ACCESSION NUMBER:		0000950142-03-000941
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030527
FILED AS OF DATE:		20030527

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRECISION DRILLING CORP
		CENTRAL INDEX KEY:			0001013605
		STANDARD INDUSTRIAL CLASSIFICATION:	DRILLING OIL & GAS WELLS [1381]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14534
		FILM NUMBER:		03719336

	BUSINESS ADDRESS:	
		STREET 1:		112 4TH AVE SW
		STREET 2:		#700
		CITY:			CALGARY ALBERTA CANA
		STATE:			A0
		ZIP:			00000
		BUSINESS PHONE:		4032644882
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6k_052703.txt
<DESCRIPTION>FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>

                                  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 May 27, 2003

                        Commission File Number: 001-14534

                         PRECISION DRILLING CORPORATION
             (Exact name of registrant as specified in its charter)


                           4200, 150 - 6TH AVENUE S.W.
                                CALGARY, ALBERTA
                                 CANADA T2P 3Y7
                    (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]

         Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1)._______

         Note: Regulation S-T Rule 101(b)(1) only permits the submission in
paper of a Form 6-K if submitted solely to provide an attached annual report to
security holders.

         Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7):_______

         Note: Regulation S-T Rule 101(b)(7) only permits the submission in
paper of a Form 6-K if submitted to furnish a report or other document that the
registrant foreign private issuer must furnish and make public under the laws of
the jurisdiction in which the registrant is incorporated, domiciled or legally
organized (the registrant's "home country"), or under the rules of the home
country exchange on which the registrant's securities are traded, as long as the
report or other document is not a press release, is not required to be and has
not been distributed to the registrant's security holders, and, if discussing a
material event, has already been the subject of a Form 6-K submission or other
Commission filing on EDGAR.

         Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.

                  Yes           [_]             No              [X]

         If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-   N/A
                                                 ---------

<PAGE>


Pursuant to the requirements 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.





                                   PRECISION DRILLING CORPORATION


                                   Per: /s/ Jan M. Campbell
                                        ---------------------------------------
                                        Jan M. Campbell
                                        Corporate Secretary



Date:  May 27, 2003


<PAGE>

                                  NEWS RELEASE



CALGARY, ALBERTA, CANADA - May 27, 2003

                         PRECISION DRILLING CORPORATION
                 ANNOUNCES RESIGNATION OF A MEMBER OF THE BOARD

Precision Drilling Corporation ("Precision") announces that Mr. Steven C. Grant
has tendered his resignation from the Board of Directors of Precision, to be
effective immediately. Mr. Grant, a senior executive with Raymond James &
Associates Inc., stated that with the current emphasis on increasing the ratio
of independent directors and the ever-broadening interpretations of what
relationships might conflict a director's independence, it was in Precision's
best interest for him to resign. Precision has valued the contribution that
Steven Grant has made over the past three years, to the Board of Directors of
Precision.

Precision Drilling Corporation, headquartered in Calgary, Alberta, Canada, is
the largest Canadian integrated oilfield and industrial services contractor and
a global provider of products and services to the energy industry. Precision
Drilling Corporation is listed on The Toronto Stock Exchange under the trading
symbol "PD" and on the New York Stock Exchange under the trading symbol "PDS."

FOR FURTHER INFORMATION PLEASE CONTACT HANK B. SWARTOUT, CHAIRMAN, PRESIDENT AND
CHIEF EXECUTIVE OFFICER, 4200, 150 - 6TH AVENUE S.W., CALGARY, ALBERTA T2P 3Y7,
TELEPHONE (403) 716-4500; FAX (403) 264-0251; WEBSITE: WWW.PRECISIONDRILLING.COM


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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