<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6k_111805.txt
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>

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                                  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 November 18, 2005

                        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
                                                 -------

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<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.


November 18, 2005

                                        PRECISION DRILLING CORPORATION



                                        Per: /s/ Darren Ruhr
                                             ------------------------
                                             Darren Ruhr
                                             Vice President, Corporate Services
                                             and Corporate Secretary


<PAGE>


P R E S S   R E L E A S E
--------------------------------------------------------------------------------

                            PRECISION DRILLING TRUST
                      ANNOUNCES INITIAL TRUST DISTRIBUTION

--------------------------------------------------------------------------------

CALGARY, November 18, 2005 - The Trustees of Precision Drilling Trust
("PRECISION") announced today that a distribution of Cdn$ 0.27 per trust unit of
Precision has been declared for the month of November, 2005. The distribution
will be paid on December 15, 2005 to unitholders of record as at November 30,
2005. A payment of Cdn$ 0.27 per unit will also be made to holders of Class B
limited partnership units of Precision Drilling Limited Partnership using the
same record date and payment date.

The distribution of Cdn$ 0.27 is an increase from the estimated Cdn$ 0.24
distribution in the information circular distributed to shareholders of
Precision Drilling Corporation for the special meeting approving the
reorganization into an income trust. Management comments that, continuing with
the momentum established in the third quarter, Precision is now at the mid-point
of the fourth quarter with demand for services ramping up to unprecedented
"early-winter" industry levels.

Precision Drilling Trust is Canada's largest energy services trust.
Headquartered in Calgary, Alberta, Precision is the leading provider of contract
drilling services to the Canadian oil and gas industry. Precision provides
customers with access to an extensive fleet of drilling and service rigs backed
by a comprehensive mix of support services utilizing skilled and experienced
personnel.

Precision is listed on the Toronto Stock Exchange under the trading symbol
"PD.UN" and in U.S. dollars "PD.U" and on the New York Stock Exchange under the
trading symbol "PDS".

For further information please contact Doug Strong, Chief Financial Officer of
Precision Drilling Corporation, Administrator of Precision, 4200, 150 - 6th
Avenue S.W., Calgary, Alberta T2P 3Y7, Telephone (403) 716-4500, Fax (403)
264-0251; website: www.precisiondrilling.com.


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</DOCUMENT>
