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<SEC-DOCUMENT>0000950142-06-000861.txt : 20060426
<SEC-HEADER>0000950142-06-000861.hdr.sgml : 20060426
<ACCEPTANCE-DATETIME>20060426171704
ACCESSION NUMBER:		0000950142-06-000861
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20060426
FILED AS OF DATE:		20060426
DATE AS OF CHANGE:		20060426

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRECISION DRILLING TRUST
		CENTRAL INDEX KEY:			0001013605
		STANDARD INDUSTRIAL CLASSIFICATION:	DRILLING OIL & GAS WELLS [1381]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A0
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14534
		FILM NUMBER:		06782110

	BUSINESS ADDRESS:	
		STREET 1:		150 - 6TH AVENUE S.W.
		STREET 2:		SUITE 4200
		CITY:			CALGARY
		STATE:			A0
		ZIP:			T2P 3Y7
		BUSINESS PHONE:		403-264-0251

	MAIL ADDRESS:	
		STREET 1:		150 - 6TH AVENUE S.W.
		STREET 2:		SUITE 4200
		CITY:			CALGARY
		STATE:			A0
		ZIP:			T2P 3Y7

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PRECISION DRILLING CORP
		DATE OF NAME CHANGE:	19960506
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6k_042606.txt
<DESCRIPTION>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

                                APRIL 26, 2006

                       Commission File Number: 001-14534


                           PRECISION DRILLING TRUST
            (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 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: April 26, 2006


                                       PRECISION DRILLING TRUST
                                       By its Administrator PRECISION DRILLING
                                       CORPORATION


                                       By: /s/ Darren Ruhr
                                           ----------------------------------
                                       Name:  Darren Ruhr
                                       Title: Corporate Secretary


<PAGE>


EXHIBIT      TITLE
- -------      -----

1            PRESS RELEASE - PRECISION DRILLING TRUST ANNOUNCES INCREASE IN
             CASH DISTRIBUTIONS
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ex-1form6k_042606.txt
<DESCRIPTION>EXHIBIT 1
<TEXT>

                                                                     EXHIBIT 1
                                                                     ---------

[GRAPHIC OMITTED --
 LOGO -- PRECISION DRILLING CORPORATION]
 ---------------------------------------


                                 NEWS RELEASE



                           PRECISION DRILLING TRUST
                   ANNOUNCES INCREASE IN CASH DISTRIBUTIONS


CALGARY,  Alberta,  April 26, 2006 - Precision  Drilling  Trust  ("Precision")
announced  today that its Board of  Trustees  has  approved a 15%  increase in
monthly cash  distributions  to $0.31 per unit  effective for the May and June
2006  distributions,  to be paid in  June  and  July  2006  respectively.  The
increased payment will also be made to holders of Class B limited  partnership
units of Precision Drilling Limited Partnership.

Precision   Drilling  Trust  is  Canada's   largest  energy   services  trust.
Headquartered in Calgary, Alberta, Precision is the leading provider of energy
services to the Canadian oil and gas industry.  Precision  provides  customers
with access to an extensive  fleet of contract  drilling  rigs,  service rigs,
camps,  snubbing units and rental equipment  backed by a comprehensive  mix of
technical support services and skilled, 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  DRILLING TRUST,
4200,  150 - 6TH  AVENUE  S.W.,  CALGARY,  ALBERTA  T2P 3Y7,  TELEPHONE  (403)
716-4500, FAX (403) 264-0251; WEBSITE: WWW.PRECISIONDRILLING.COM.




4200, 150 - 6th Avenue S.W.
Calgary, Alberta, Canada T2P 3Y7
Telephone: 403.716.4500
Facsimile:  403.264.0251
WWW.PRECISIONDRILLING.COM
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
