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Latest Drilling rig Stories

2014-03-21 08:21:05

HOUSTON, Texas, March 21, 2014 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that its pressure pumping operations in the Appalachian region have been negatively impacted by unusually severe weather during the first quarter. We now expect pressure pumping revenues of approximately $240 million for the first quarter, with a margin percentage of approximately 17%. The margin percentage is lower than we had projected as a result of having crews and equipment...

2014-03-14 08:22:15

XI'AN, China, March 14, 2014 /PRNewswire/ -- On Feb 10th, KOSUN announced that it will display its newly developed solids control & waste treatment products -- the Black Rhino Shale Shaker and Vertical Cutting Dryer at CIPPE 2014 on March 19-21 in Beijing, China. "Black Rhino series solids control equipment has been our promotion and sales focus since 2013," said Rex Geng, General Manager of KOSUN. "We call this series Black Rhino not only because its black appearance, but also for its...

2014-03-10 08:22:12

FORT WORTH, Texas, March 10, 2014 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of February 2014. Basic's well servicing rig count remained unchanged at 425. Well servicing rig hours for the month were 68,100 producing a rig utilization rate of 73%, compared to 69% and 71% in January 2014 and February 2013, respectively. During the month, Basic's fluid service truck count increased by five to 1,008. Fluid...

2014-03-07 08:21:05

HOUSTON, March 7, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for February 2014 was 1,341, up 16 from the 1,325 counted in January 2014, and up 66 from the 1,275 counted in February 2013. The international offshore rig count for February 2014 was 318, up 16 from the 302 counted in January 2014, and down 5 from the 323 counted in February 2013. The average U.S. rig count for February 2014 was 1,769, unchanged from the...

2014-03-05 08:23:15

HOUSTON, March 5, 2014 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of February 2014, the Company had an average of 193 drilling rigs operating in the United States and 12 rigs in Canada. For the two months ended February 28, 2014, the Company had an average of 191 drilling rigs operating in the United States and 11 rigs in Canada. Average drilling rigs operating reported in the Company's monthly announcements represent the average...

2014-03-04 12:27:29

SALT LAKE CITY, March 4, 2014 /PRNewswire/ -- Boart Longyear (www.BoartLongyear.com), the world's leading provider of integrated drilling services, equipment and performance tooling, has expanded their line of underground LM(TM) modular diamond drill rigs to include the new LM110. Ideal for drilling deep holes, the LM110 is the most powerful Boart Longyear underground diamond coring drill rig to date. Equipped with a 110-kilowatt power pack, the LM110 delivers up to 33 percent more...

2014-03-01 23:02:00

MarketReportsOnline.com adds "Global Floating Rig (Floater) Market: Trends and Opportunities (2014-2019)" report to its research store. Dallas, Texas (PRWEB) March 01, 2014 Offshore oilfield services are one of the most important segments of the oilfield value chain as it provides equipments and services to help producers explore, extract, and transport oil and natural gas. Offshore oilfield assets can be broadly classified into two categories, namely Rigs and Support vessels....

2014-02-27 08:24:24

NYSE MKT Equities Exchange Symbol - UEC -- Baseline monitoring wells completed as part of accelerated production permitting; -- Mineralized fronts of known resource trends continue to extend; and -- Two new mineralized horizons have been identified and are being delineated. CORPUS CHRISTI, TX, Feb. 27, 2014 /PRNewswire/ - Uranium Energy Corp (NYSE MKT: UEC, the "Company") is pleased to provide an update on...

2014-02-26 16:24:40

HOUSTON, Feb. 26, 2014 /PRNewswire/ -- Sidewinder Drilling Inc. (the "Company") announced February 26, 2014 it will hold a conference call with bond investors on Monday, March 3 at 2:00 PM (Eastern Time) to discuss Preliminary Fourth Quarter 2013 EBITDA. Even though the Company is not required to report fourth quarter 2013 results until March 31, 2014, management would like to provide an update sooner given the time which has passed since its last update to bond investors. Also...

2014-02-26 08:22:50

HOUSTON, Feb. 26, 2014 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD), an international provider of contract drilling and drilling-related services and rental tools to the energy industry, today reported results for the quarter ended December 31, 2013, including fourth quarter net income of $10.2 million, or $0.08 per diluted share, on revenues of $243.3 million. These results include non-routine expenses of $3.3 million, pre-tax, related to the April acquisition of International...


Word of the Day
pungle
  • To take pains; labor assiduously with little progress.
This word comes from the Spanish 'pongale,' put it.
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