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Latest Drilling rig Stories

2013-10-22 16:22:39

Includes charges of $0.50 per share for debt redemption and asset impairments, net of early terminations HAMILTON, Bermuda, Oct. 22, 2013 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) today announced its results for the third quarter and nine months ended September 30, 2013. Adjusted income derived from operating activities was $165.9 million for the third quarter, compared to $225.8 million in the third quarter of 2012 and $89.6 million in the second quarter of this year. Operating...

2013-10-22 08:26:09

Highlights include: DENVER, Oct. 22, 2013 /PRNewswire/ -- Kodiak Oil & Gas Corp. (NYSE: KOG), an oil and gas exploration and production company with primary assets in the Williston Basin of North Dakota, today announced preliminary unaudited operational and financial results for the third quarter ended September 30, 2013 and provided a Williston Basin operations update. (Logo: http://photos.prnewswire.com/prnh/20131007/LA93138LOGO) Kodiak has prepared the preliminary...

2013-10-22 08:25:47

THE WOODLANDS, Texas, Oct. 22, 2013 /PRNewswire/ -- Newfield Exploration Company (NYSE: NFX) today announced the signing of a share purchase agreement to sell all of its equity interests in Newfield Malaysia Holdings to SapuraKencana Petroleum Berhad for a total cash consideration of $898 million, which is expected to close in early 2014. The agreement is subject to the approval of Petroliam Nasional Berhad (PETRONAS) under the applicable Production Sharing Contracts, the purchaser's...

2013-10-15 08:24:43

Gas Division Production Ramp Is on Track to Meet 2014 Guidance; PITTSBURGH, Oct. 15, 2013 /PRNewswire/ -- CONSOL Energy Inc. (NYSE: CNX) is providing an operations update for the quarter ended September 30, 2013. The company produced and sold more gas and coal during the quarter than expected. CONSOL also signed a definitive agreement for infrastructure build-out in the Utica Shale, in Noble County, Ohio. CONSOL's Gas Division produced 46.1 Bcfe for the 2013 third quarter, or...

2013-10-15 08:21:24

FORT WORTH, Texas, Oct. 15, 2013 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of September 2013. Basic's well servicing rig count remained unchanged at 425. Well servicing rig hours for the month were 69,300 producing a rig utilization rate of 71%, compared to 77% and 71% in August 2013 and September 2012, respectively. During the month, Basic's fluid service truck count decreased by one to 969. Fluid...

2013-10-11 08:20:51

- Continued improvement in drilling efficiencies during the third quarter drives U.S. well count higher, despite static rig count. HOUSTON, Oct. 11, 2013 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the U.S. onshore Well Count for the third quarter 2013 is 9,175 wells; up 164 wells or 2% from the revised 9,011 wells counted in the second quarter 2013. Compared to the third quarter 2012, the Well Count was down 236 wells or 3%. Due to improved drilling...

2013-10-07 08:21:02

HOUSTON, Oct. 7, 2013 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for September 2013 was 1,284, up 17 from the 1,267 counted in August 2013, and up 30 from the 1,254 counted in September 2012. The international offshore rig count for September 2013 was 313, up 4 from the 309 counted in August 2013, and up 20 from the 293 counted in September 2012. The average U.S. rig count for September 2013 was 1,760, down 21 from the...

2013-10-04 00:20:07

HOUSTON, Oct. 4, 2013 /PRNewswire/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) today announced that two of its subsidiaries have executed contracts for the construction of two LeTourneau Super 116E Class jackup drilling rigs, with a priced option for the construction of two additional rigs of the same design. The yard contract price is less than US$180 million, with favorable tail-end-heavy payment terms. Delivery of the rigs is expected during the first and third quarters of 2016,...

2013-10-03 08:22:30

HOUSTON, Oct. 3, 2013 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of September 2013, the Company had an average of 182 drilling rigs operating in the United States and 9 rigs in Canada. For the three months ended September 30, 2013, the Company had an average of 181 drilling rigs operating in the United States and 8 rigs in Canada. Average drilling rigs operating reported in the Company's monthly announcements represent the average...

2013-10-01 16:21:42

HOUSTON, Oct. 1, 2013 /PRNewswire/ -- Oceaneering International, Inc. (NYSE:OII) announced today it has commissioned the construction of a subsea support vessel from BAE Systems. Expected delivery of this vessel is by the end of the first quarter of 2016. This vessel will be U.S. flagged and documented with a coastwise endorsement by the U.S. Coast Guard. It will have an overall length of 353 feet, a Class 2 dynamic positioning system, accommodations for 110 personnel, a helideck,...