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Last updated on April 20, 2014 at 8:28 EDT

Latest Drilling rig Stories

2014-03-24 08:23:35

HAMILTON, Bermuda, March 24, 2014 /PRNewswire/ -- Nabors Industries Ltd. (NYSE:NBR) today announced that it expects first quarter earnings per share to fall below consensus estimates. The impact is essentially confined to the Completion Services segment and should approximate $0.07 per share. The Company attributed the shortfall to the persistent extraordinary weather and the resulting delays in some customers' well completion activity. Tony Petrello, Nabors' Chairman and CEO,...

2014-03-21 16:21:41

HOUSTON, March 21, 2014 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD) today announced it has contracted its barge drilling rig, Rig 55B. Featuring advanced equipment and performance enhancements, the rig is being introduced to the Company's fleet to bring additional capabilities to the Gulf of Mexico barge market. The rig has been contracted to Chevron U.S.A. Inc. for four wells with an expected term of 120 days at a dayrate of $50,300. The contract is expected to commence...

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...