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Last updated on April 24, 2014 at 21:24 EDT

Latest Drilling rig Stories

2014-02-18 12:23:27

Appoints New Oil & Gas Business Development Manager WEST CHESTER, Pa., Feb. 18, 2014 /PRNewswire/ -- Schramm, Inc., a world class manufacturer of mobile, land-based hydraulic drill rigs used extensively in the global energy industry, has appointed Mr. Kelly Shideler to the newly created position of Oil & Gas Business Development Manager based in Houston, Texas. Mr. Shideler's responsibilities will include the energy sector in the South Central Region of the United States...

2014-02-13 08:22:14

SAN ANTONIO, Feb. 13, 2014 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) today reported financial and operating results for the year ended December 31, 2013. Highlights include: -- Production Services Segment revenue was $112.2 million in the fourth quarter, down by 1% from the prior quarter. -- Well servicing rigs achieved an 85% utilization rate and an average hourly rate of $648. -- Drilling Services Segment margin per day was $8,518, up 6% over the...

2014-02-12 23:27:31

GN Solids America LLC is the USA based first solids control equipment company from China. As one of the leading solids control equipment brand in the world, GN Solids Control design and manufacture complete line Solids Control equipment including: Shale Shakers, Mud Cleaner, Decanter Centrifuge, Vacuum Degasser, Desander, Desilter, Centrifugal Pump, mud agitators, poor boy degasser, mud tank etc. (PRWEB) February 12, 2014 "GN Solids Control" is one of the few famous Brand solids...

2014-02-12 16:22:06

HOUSTON, Feb. 12, 2014 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today appointed Marc Edwards as President and Chief Executive Officer and as a member of the Board of Directors, effective March 3, 2014. Mr. Edwards succeeds Lawrence Dickerson, who announced his intent to retire in September 2013 after almost 30 years of continuous service to the Company. (Logo: http://photos.prnewswire.com/prnh/20130725/NY53104LOGO-b) "We are very pleased to have a proven leader...

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...