10:00 AM EST - Precision Drilling Corporation : announced today that planned capital expenditures for 2012 are $1.14 billion. The 2012 capital expenditure plan includes $738 million for expansion capital, $232 million for sustaining and infrastructure expenditures and $173 million for long lead-time item expenditures. Precision expects that the $1.14 billion will be split $964 million in the Contract Drilling segment and $179 million in the Completion and Production Services segment. Precision Drilling Corporation
shares T.PD are trading down $0.09 at $11.65.
