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Last updated on April 16, 2014 at 7:44 EDT

Latest Drilling rig Stories

2014-01-20 12:20:42

LONDON, Jan. 20, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report: World Land Drilling Rig Market Forecast 2013-2017 The outlook for growth in the drilling rig market is positive through to 2017. Following a 16% dip during the economic recession in 2008-2009, operational rigs grew by 6%, and these numbers are forecast to rise again from 2013-2017 by 23%. Rising global production targets and the increasing complexity of well requirements are likely to...

2014-01-16 00:20:20

CAMARILLO, CA, Jan. 15, 2014 /PRNewswire/ - BNK Petroleum Inc. (the "Company" or "BNK") (TSX: BKX), is providing an update on its Tishomingo Field, Caney oil shale operations in Oklahoma as well as its Polish shale gas project. Oklahoma - Tishomingo Field BNK's strategy for its 2013 Caney drilling program was to prove the productivity of the Caney formation in our Tishomingo field. The Company's efforts were focused on increasing the oil rate of each consecutive well, reducing...

2014-01-15 16:21:31

HOUSTON, Jan. 15, 2014 /PRNewswire/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) today announced that in follow up to the company's previous announcement on December 9, 2013, its subsidiary, Northern Offshore International Drilling Company Ltd., has executed a long-term drilling contract with an affiliate of CAMAC Energy Inc. (NYSE MKT: CAK), for the drillship Energy Searcher. The contract commits to an initial period of one year, with an option to extend the contact for an...

2014-01-14 08:22:28

FORT WORTH, Texas, Jan. 14, 2014 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of December 2013. Basic's well servicing rig count remained unchanged at 425. Well servicing rig hours for the month were 62,400 producing a rig utilization rate of 61%, compared to 62% and 61% in November 2013 and December 2012, respectively. During the month, Basic's fluid service truck count increased by 14 to 1,003. Fluid...

2014-01-10 08:20:36

- Drilling efficiencies improve 9% compared to the fourth quarter 2012 HOUSTON, Jan. 10, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the U.S. onshore well count for the fourth quarter 2013 is 9,056 wells; down 19 wells from the revised 9,075 wells counted in the third quarter 2013. Compared to the fourth quarter 2012, the well count was up 398 wells or 5%. Due to improved drilling efficiencies, the average US onshore drilling rig now produces 9%...

2014-01-09 12:22:26

HOUSTON, Jan. 9, 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 fourth quarter 2013 operating results on Thursday, February 6, 2014. The conference call and webcast will begin at 9:00 a.m. CST and will include a discussion by management regarding the Company's results of operation. The news release and a live webcast of the conference call will be available...

2014-01-08 16:22:09

SAN ANTONIO, Jan. 8, 2014 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) today announced it has renewed its drilling contracts with Ecopetrol for all eight of its drilling rigs in Colombia effective January 1, 2014. Pioneer recently operated six rigs for Ecopetrol under contracts that expired on December 31, 2013. The renewed contracts have a one-year fixed term and a slight improvement in day rates as compared to the current contracts. "We are very pleased to renew these...

2014-01-08 08:21:07

HOUSTON, Jan. 8, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for December 2013 was 1,335, up 24 from the 1,311 counted in November 2013, and up 82 from the 1,253 counted in December 2012. The international offshore rig count for December 2013 was 306, down 10 from the 316 counted in November 2013, and up 7 from the 299 counted in December 2012. The average U.S. rig count for December 2013 was 1,771, up 15 from the 1,756...

2014-01-07 12:22:01

LONDON, Jan. 7, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report: Review of the Russian drilling rigs market 2012 Please note: The report is Russian version. It will provide the English version in 6-8 business days. In 2012, The Russian market of drilling rigs showed a negative trend development due to low drilling rigs consumption and the presence of active rigs stockpile. According to experts, the market volume in 2012 compared to 2011 decreased...

2014-01-06 08:28:15

HOUSTON, Jan. 6, 2014 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of December 2013, the Company had an average of 187 drilling rigs operating in the United States and 9 rigs in Canada. For the three months ended December 31, 2013, the Company had an average of 183 drilling rigs operating in the United States and 9 rigs in Canada. Average drilling rigs operating reported in the Company's monthly announcements represent the average...