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Last updated on April 20, 2014 at 1:20 EDT

Latest Drilling rig Stories

2014-02-11 08:23:58

THE WOODLANDS, Texas, Feb. 11, 2014 /PRNewswire/ -- Newfield Exploration Company (NYSE: NFX) today announces the closing of the previously announced sale of its business offshore Malaysia to SapuraKencana Petroleum Berhad, receiving total proceeds of approximately $898 million. The Share Purchase Agreement was originally executed with SapuraKencana on October 22, 2013, with an effective date of June 30, 2013. Proceeds from the sale will be used to reduce short-term borrowings under...

2014-02-10 16:23:36

FORT WORTH, Texas, Feb. 10, 2014 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of January 2014. Basic's well servicing rig count remained unchanged at 425. Well servicing rig hours for the month were 74,500, producing a rig utilization rate of 69%, compared to 61% and 67% in December 2013 and January 2013, respectively. During the month, Basic's fluid service truck count remained unchanged at 1,003. Fluid...

2014-02-10 08:28:24

HOUSTON, Feb. 10, 2014 /PRNewswire/-- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that it will make a presentation on February 11, 2014 at the Credit Suisse 19(th) Annual Energy Summit. Representing the Company at the conference will be Andy Hendricks, Chief Executive Officer. The presentation will be webcast live beginning at approximately 1:10 p.m. Mountain Time. To access the webcast, go to www.patenergy.com prior to the scheduled start time. About...

2014-02-07 08:21:17

HOUSTON, Feb. 7, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for January 2014 was 1,325, down 10 from the 1,335 counted in December 2013, and up 46 from the 1,279 counted in January 2013. The international offshore rig count for January 2014 was 302, down 4 from the 306 counted in December 2013, and down 5 from the 307 counted in January 2013. The average U.S. rig count for January 2014 was 1,769, down 2 from the 1,771...

2014-02-04 08:22:26

HOUSTON, Feb. 4, 2014 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of January 2014, the Company had an average of 188 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 number of the Company's drilling rigs that were operating under a drilling contract. The Company cautioned that numerous factors in addition to...

2014-01-29 16:23:23

DENVER, Jan. 29, 2014 /PRNewswire/ -- -- Capital budget for 2014 is $2.6 billion including $1.8 billion for drilling and completion, $600 million for expanding midstream facilities and $200 million for core leasehold acreage acquisitions -- Net daily production for 2014 is projected to average 925 to 975 MMcfe/d, a 75% to 85% increase over estimated 2013 average net daily production -- Net daily liquids production for 2014 is projected to...

2014-01-28 08:23:31

CALGARY, Jan. 28, 2014 /CNW/ - Drillform Technical Services Ltd. is pleased to announce the launch of the Bulldog 90 Automated Floor Wrench for new build and retrofit drilling rigs. The Bulldog 90 improves safety on the drill floor by removing rig personnel from the rotating zone while making connections. The wrench is operated solely by a hard mounted console and wireless remote control. The patent pending 360° clamping system reduces slippage, tool joint wear and pipe...

2014-01-27 16:21:30

DENVER, Jan. 27, 2014 /PRNewswire/ -- -- Net daily production recently surpassed 750 MMcfe/d including 15,000 Bbl/d of liquids Fourth quarter 2013 average net daily production is estimated to be 675 to 680 MMcfe/d, above the midpoint of previously announced guidance range -- First 10 Marcellus Shale wells with shorter stage lengths (SSL) had an average 120-day wellhead production rate of 7.9 MMcf/d, 27% above the Company's type curve --...

2014-01-27 08:21:38

Banan Drilling Completed and Testing Program Commences CALGARY, Jan. 27, 2014 /CNW/ - Oryx Petroleum Corporation Limited ("Oryx Petroleum" or the "Corporation") today announces an update on its drilling activities at Banan and Demir Dagh in the Hawler license area in the Kurdistan Region of Iraq. Oryx Petroleum is the operator and has a 65% participating and working interest in the Hawler license area. Commenting today, Henry Legarre, Oryx Petroleum's Chief Operating Officer,...

2014-01-24 08:21:24

Gas Division Produces Record 48.5 Bcfe in Quarter; PITTSBURGH, Jan. 24, 2014 /PRNewswire/ -- CONSOL Energy Inc. (NYSE: CNX) is providing an operations update for the quarter ended December 31, 2013. (Logo: http://photos.prnewswire.com/prnh/20120416/NE87957LOGO ) "Despite the potential for distractions during a quarter with a major asset transaction, CONSOL Energy's gas operations and mines performed with distinction," commented J. Brett Harvey, chairman and CEO. "In natural...