EXHIBIT 99.6

                 CATEGORICAL STANDARDS OF DIRECTOR INDEPENDENCE

     Precision Drilling Corporation (the "Company") has adopted the
following standards for determining if a director is independent:

     A director will not be considered independent if:

     1.  he or she is an employee, or has an immediate family member that is an
         executive officer, of the Company, until three years after the end of
         such employment relationship, provided that employment as an interim
         Board Chair or Chief Executive Officer shall not disqualify a director
         from being considered independent following that employment;

     2.  he or she receives, or has an immediate family member that receives,
         more than $100,000 per year in direct compensation from the Company,
         other than director and committee fees and pension or other forms of
         deferred compensation for prior service (provided such compensation is
         not contingent in any way on continued service), until three years
         after he or she ceases to receive more than $100,000 per year in such
         compensation, provided that compensation received by a director for
         former service as an interim Board Chair or Chief Executive Officer,
         and compensation received by an immediate family member for service as
         a non-executive employee of the Company, need not be considered in
         determining independence under this test;

     3.  he or she is affiliated with or employed by, or has an immediate family
         member that is affiliated with or employed in a professional capacity
         by, a present or former internal or external auditor of the Company,
         until three years after the end of the affiliation or the employment or
         auditing relationship;

     4.  he or she is employed, or has an immediate family member that is
         employed, as an executive officer of another company where any of the
         Company's present executives serve on that other company's compensation
         committee, until three years after the end of such service or the
         employment relationship; or

     5.  he or she is an executive officer or an employee, or has an immediate
         family member that is an executive officer, of a company that makes
         payments to, or receives payments from, the Company for property or
         services in an amount which, in any single fiscal year, exceeds the
         greater of $1 million, or 2% of such other company's consolidated gross
         revenues, until three years after falling below such threshold.


      These standards shall be applied in a manner consistent with, and the
definition of "immediate family member" shall be as set forth in, Section
303(A)(2)(b) of the rules of the New York Stock Exchange ("Section
303(A)(2)(b)"). A director that, under Section 303A(2)(b), is presumed not to be
independent, is not considered independent.

      The ownership of stock in the Company by directors is encouraged, and the
ownership of a substantial amount of stock is not in itself a basis for a
director to be considered as not independent.