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Latest Drilling rig Stories

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....

2014-06-16 08:22:02

TORONTO, June 16, 2014 /CNW/ - Alacer Gold Corp. ("Alacer" or the "Company") [TSX: ASR and ASX: AQG] announces updated Mineral Resources and Reserves estimates for the Çöpler Gold Mine in Turkey as a result of the initial outcomes from the ongoing resource reconciliation project. Highlights -- Measured and Indicated Mineral Resources have increased by 0.62 million ounces (+9%) to 7.80 million ounces of contained gold. -- Mineral Reserves have increased by 0.21 million...

2014-06-12 08:22:20

FORT WORTH, Texas, June 12, 2014 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of May 2014. Basic's well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 71,300 producing a rig utilization rate of 70%, compared to 70% and 68% in April 2014 and May 2013, respectively. During the month, Basic's fluid service truck count increased by three to 1,017. Fluid service truck...

2014-06-06 08:21:34

HOUSTON, June 6, 2014 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that one of its subsidiaries has entered into an agreement to acquire the East Texas-based pressure pumping operations of a privately held company. The acquisition includes 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. The pending transaction...

2014-06-06 08:21:32

HOUSTON, June 6, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for May 2014 was 1,350, up 1 from the 1,349 counted in April 2014, and up 67 from the 1,283 counted in May 2013. The international offshore rig count for May 2014 was 326, down 3 from the 329 counted in April 2014, and down 1 from the 327 counted in May 2013. The average U.S. rig count for May 2014 was 1,859, up 24 from the 1,835 counted in April 2014, and...

2014-06-04 12:22:35

HOUSTON, June 4, 2014 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that a subsidiary has received notice of termination of its drilling contract for the mid-water semisubmersible Ocean Vanguard from Statoil ASA, its customer for the rig. The contract provides for a dayrate of approximately $454,000 and was estimated to conclude in accordance with its terms in late February 2015. Diamond Offshore disputes Statoil's basis for terminating the contract and...

2014-06-03 08:23:14

HOUSTON, June 3, 2014 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of May 2014, the Company had an average of 200 drilling rigs operating in the United States and two rigs in Canada. For the two months ended May 31, 2014, the Company had an average of 199 drilling rigs operating in the United States and two rigs in Canada. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the...

2014-06-02 08:23:41

(TSX-V | OYL) TORONTO, June 2, 2014 /CNW/ - CGX Energy Inc. (TSX-V - OYL) ("CGX Energy" or the "Company") is pleased to announce that it has entered into a binding letter of intent ("LOI") with Teikoku Oil (Suriname) Co., Ltd., a wholly-owned subsidiary of INPEX Corporation ("INPEX" and CGX Energy, the "Rig Sharing Group"), and Japan Drilling Co., Ltd. ("JDC"), for use of the jack-up drilling rig known as the "Hakuryu-12" rig. The LOI forms the basis of the definitive rig...

2014-05-30 08:21:52

HOUSTON, May 30, 2014 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that it will participate in a panel discussion regarding the Permian Basin on June 3, 2014 at the 2014 RBC Capital Markets' Global Energy and Power Conference. Representing the Company on the panel will be Andy Hendricks, Chief Executive Officer. The panel discussion will be webcast live beginning at approximately 1:05 p.m. Eastern Time. To access the webcast, go to www.patenergy.com...


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