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Latest Drilling rig Stories

2014-07-07 08:22:34

HOUSTON, July 7, 2014 /PRNewswire/ -- Paragon Offshore Limited (to be converted to Paragon Offshore plc) ("Paragon"), in preparation for its previously announced spin-off from Noble Corporation (NYSE: NE) ("Noble"), announced today that, subject to market and other conditions, it intends to offer for sale $1.185 billion in aggregate principal amount of senior unsecured notes due 2022 and 2024 in a private offering that is exempt from registration under the Securities Act of 1933, as...

2014-07-03 08:21:22

HOUSTON, July 3, 2014 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of June 2014, the Company had an average of 204 drilling rigs operating in the United States and six rigs in Canada. For the three months ended June 30, 2014, the Company had an average of 201 drilling rigs operating in the United States and three rigs in Canada. Average drilling rigs operating reported in the Company's monthly announcements represent the average number...

2014-06-24 12:30:18

TORONTO, June 24, 2014 /CNW/ - Wallbridge Mining Company Limited (TSX: WM, FWB: WC7) ("Wallbridge") today announced that it is accelerating its exploration program on the Wisner joint venture properties in response to new mineralization being identified in all five target areas investigated so far this year. Highlights: -- All nine drill holes in the new Twisted Wrench target area intersected weak Cu mineralization; -- Additional copper...

2014-06-24 08:22:55

HOUSTON, June 24, 2014 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) will hold its conference call to discuss results for the second quarter ending June 30, 2014 on Thursday, July 24, 2014 at 9:00 a.m. Central Time. Participants can access the call by dialing (800) 706-7741 or (617) 614-3471 with the access code 34697733. The call will also be webcast and can be accessed through a link in the Investors section of the Company's website at www.patenergy.com. A replay...

2014-06-21 23:03:52

As a mud tank and solids control system manufacturer, with location in Houston, and Beijing, GN designed mud tanks for over 30 countries in the world. GN new mud tank designed for the drilling rig including the construction of the mud tanks and new model of solids control equipment. Houston,Texas (PRWEB) June 21, 2014 As a mud tank and solids control system manufacturer, with location in Houston, and Beijing, GN designed mud tanks for over 30 countries in the world. GN oil drilling solids...

2014-06-19 12:24:06

LONDON, June 19, 2014 /PRNewswire/ -- Noble Corporation (NYSE:NE) today announced that Paragon Offshore Ltd., its wholly owned subsidiary, is beginning the process of raising external financing in preparation for the spin-off of Paragon Offshore in the third quarter of 2014. The external financing is expected to consist of a senior secured term loan B of approximately $550 million and approximately $1.2 billion of senior unsecured notes. As part of the external financing, Paragon...

2014-06-19 08:24:14

HOUSTON, June 19, 2014 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will issue a press release and host a conference call and webcast related to its second quarter 2014 operating results on Thursday, July 24, 2014. The conference call and webcast will begin at 8:00 a.m. CDT and will include a discussion by management regarding the Company's results of operation. http://photos.prnewswire.com/prnvar/20130725/NY53104LOGO-b The news release and a...

2014-06-19 08:23:48

TSXV: GGIOTC: GGIFF Frankfurt: RQM VANCOUVER, June 19, 2014 /PRNewswire/ - Further to its news release of May 14, 2014, Garibaldi Resources Corp. (the "Company" or "Garibaldi") is pleased to provide this progress report as drilling continues at the Silver Eagle target, Rodadero North in central Sonora State, Mexico. A fourth hole is now under way to test the geometry and dimensions of a promising high-grade, near-surface structure. Pending additional assay results are eagerly...

2014-06-17 08:32:07

Tiger Group, Auction Resolutions and PPL Group to conduct live webcast auction of Sandia Drilling's assets on July 1 MIDLAND, Texas, June 17, 2014 /PRNewswire/ -- By order of the U.S. Bankruptcy Court, Tiger Group's Remarketing Services Division, Auction Resolutions LLC and PPL Group LLC will conduct a live webcast auction at 10:30 a.m. (CT) on July 1 for four complete trailer-mounted drilling rigs, rolling stock, tubulars, and support equipment owned by Sandia Drilling Co. Ltd, LLP...

2014-06-17 08:21:57

HOUSTON, June 17, 2014 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that one of its subsidiaries has completed the previously announced acquisition of the East Texas-based pressure pumping operations of a privately held company. The acquisition included 31,500 horsepower of hydraulic fracturing equipment and provides Patterson-UTI with a new base of operations and employees to efficiently support drilling programs in East Texas and Louisiana....


Word of the Day
barratry
  • The offense of persistently instigating lawsuits, typically groundless ones.
  • An unlawful breach of duty on the part of a ship's master or crew resulting in injury to the ship's owner.
  • Sale or purchase of positions in church or state.
This word ultimately comes from the Old French word 'barater,' to cheat.
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