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Latest Drilling rig Stories

2014-10-31 08:22:00

HOUSTON, Oct. 31, 2014 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that it will make a presentation on November 13, 2014 at the Bank of America Merrill Lynch 2014 Energy Conference. Representing the Company at the conference will be Andy Hendricks, Chief Executive Officer. The presentation will be webcast live beginning at approximately 2:50 p.m. Eastern Time. To access the webcast, go to www.patenergy.com prior to the scheduled start time. About...

2014-10-29 08:24:34

LAKEWOOD, Colo., Oct. 29, 2014 /PRNewswire/ -- Pershing Gold Corporation (OTCQB:PGLC) ("Pershing Gold" or the "Company") is pleased to announce that the ongoing step-out core drilling program at Relief Canyon in Pershing County, Nevada has hit additional significant intercepts of high-grade gold in the North Target Area, located to the North of the existing North Pit. As shown in Table 1, RC14-225 (Relief Canyon 2014 drill hole 225) contains 55.0 feet of 0.117 ounces per ton ("opt")...

2014-10-28 08:26:25

LONDON, Oct. 28, 2014 /PRNewswire/ -- Noble Corporation plc (NYSE:NE) announced today that the Company's Board of Directors has authorized the Company to pursue the development of a master limited partnership (MLP). The MLP would be comprised of interests in select rigs chosen from Noble's existing fleet. If realized, the Company would expect to file a registration statement with the Securities and Exchange Commission relating to the initial public offering of common units in the...

2014-10-23 08:25:39

Contracts Awarded to Two New Drillships HOUSTON, Oct. 23, 2014 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today reported third quarter 2014 net income of $53 million, or $0.38 per share, compared to net income of $95 million, or $0.68 per share, in the third quarter of 2013. Revenues in the third quarter of 2014 were $738 million, compared to revenues of $706 million in the third quarter of 2013. The Company today announced plans to retire and scrap six of its mid-water...

2014-10-23 08:25:21

HOUSTON, Oct. 23, 2014 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three and nine months ended September 30, 2014. Including the non-cash charge discussed below, the Company reported net income of $16.0 million, or $0.11 per share, for the third quarter of 2014, compared to net income of $74.4 million, or $0.51 per share, for the quarter ended September 30, 2013. Revenues for the third quarter of 2014 were $846 million, a...

2014-10-21 16:23:59

HAMILTON, Bermuda, Oct. 21, 2014 /PRNewswire/ -- Third-Quarter Highlights Include: -- EPS of $0.39, excluding net charges from strategic transactions -- Operating revenues increased 12% sequentially -- Secured 9 awards for additional rigs: 3 PACE®-X for U.S. and 6 for International -- Repurchased $250 million of common stock -- Repurchased $22 million face value of 6.15% 2018 notes Nabors Industries Ltd. (NYSE: NBR) today reported third-quarter 2014...

2014-10-21 12:25:32

VANCOUVER, Oct. 21, 2014 /PRNewswire/ - TANZANIA MINERALS CORP. (the "Company" or "TZM") (TSX-V: TZM.V) (FRANKFURT: TM0.F) is pleased to announce that it has acquired from Twigg Gold Ltd. ("Twigg") a 75% and 90% interest in the Igurubi and Msasa gold projects, respectively. Acquisition of Gold Assets TZM has acquired Twigg's 75% interest in the Igurubi Project and Twigg's 90% interest in the Msasa Project for a consideration of CAD $350,000 and 7 million common shares upon...

2014-10-21 08:26:00

LAKEWOOD, Colo., Oct. 21, 2014 /PRNewswire/ -- Pershing Gold Corporation (OTCQB: PGLC) ("Pershing Gold" or the "Company") is pleased to announce that its ongoing step-out core drilling program at Relief Canyon in Pershing County, Nevada continues to expand new high-grade gold zones in the North Target area, notably, RC14-203 (Relief Canyon 2014 drill hole 203) reported 0.119 ounces per ton ("opt") gold ("Au")/4.070 grams per tonne ("gpt") Au over 58.1 feet....

2014-10-20 20:23:32

CAMARILLO, CA, Oct. 20, 2014 /PRNewswire/ - BNK Petroleum Inc. (the "Company" or "BNK") (TSX: BKX) is providing an update on its Tishomingo Field, Caney shale oil operations in Oklahoma as well as its Polish shale gas project. Tishomingo Field, Oklahoma The Company's latest Caney shale oil well, the Hartgraves 1-5H well (100% interest) is flowing back after being completed with the Company's largest hydraulic stimulation to date. Over the last 5 days the well has been flowing at...

2014-10-20 16:22:52

HOUSTON, Oct. 20, 2014 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that one of its subsidiaries has completed the previously announced acquisition of the Texas-based pressure pumping assets of a privately held company. The acquisition included 148,250 horsepower of hydraulic fracturing equipment and provides Patterson-UTI with two additional bases of operations and employees to support customer activity in South Texas and East Texas. Patterson-UTI now...


Word of the Day
barghest
  • A goblin in English folklore, often appearing in the shape of a large dog and believed to portend imminent death or misfortune.
  • A ghost, wraith, hobgoblin, elf, or spirit.
The origin of 'barghest' is not known, but it may be from perhaps burh-ghest, town-ghost, or German Berg-geist (mountain spirit) or Bär-geist (bear-spirit).
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