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Last updated on April 18, 2014 at 21:21 EDT

Latest Drilling rig Stories

2013-11-07 16:24:40

HOUSTON, Nov. 7, 2013 /PRNewswire/ -- Hercules Offshore (NASDAQ: HERO) announced that it has entered into an agreement with a wholly-owned subsidiary of Perisai Petroleum Teknologi Bhd ("Perisai") to act as operations and maintenance manager of the Perisai Pacific 101 and Perisai Pacific 102, Perisai's newbuild Pacific Class 400 jack-up drilling rigs ("the Rigs"). The Rigs are currently under construction, with the Perisai Pacific 101 scheduled for delivery in July 2014 and the Perisai...

2013-11-07 08:22:28

HOUSTON, Nov. 7, 2013 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for October 2013 was 1,315, up 31 from the 1,284 counted in September 2013, and up 56 from the 1,259 counted in October 2012. The international offshore rig count for October 2013 was 316, up 3 from the 313 counted in September 2013, and up 10 from the 306 counted in October 2012. The average U.S. rig count for October 2013 was 1,744, down 16 from the 1,760...

2013-11-05 08:24:18

HOUSTON, Nov. 5, 2013 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of October 2013, the Company had an average of 178 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 number of the Company's drilling rigs that were operating under a drilling contract. The Company cautioned that numerous factors in addition to average...

2013-10-30 08:23:26

SAN ANTONIO, Oct. 30, 2013 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) today reported financial and operating results for the quarter ended September 30, 2013. Highlights include: -- Production Services Segment revenues were up 3% over the second quarter of 2013. -- Well servicing rigs in the Production Services Segment achieved a 90% utilization rate and an average hourly rate of $628. -- After the sale of eight mechanical drilling rigs in October,...

2013-10-29 08:26:16

Wholly Owned Drilling Subsidiary Will Drill and Complete Approximately 500 Wells in Louisiana Starting November 6, 2013 NEW ORLEANS, Oct. 29, 2013 /PRNewswire/ -- Treaty Energy Corporation (OTCQB: TECO) (http://www.treatyenergy.com), a growth-oriented international energy company, today announced it has signed a $3,500,000 drilling contract to drill 500 shallow wells in Louisiana through its drilling services subsidiary, Treaty Energy Drilling, LLC. (Logo:...

2013-10-25 08:21:31

ZUG, Switzerland, Oct. 25, 2013 /PRNewswire/ -- Noble Corporation (NYSE:NE) today announced that it has received the anticipated private letter ruling from the Internal Revenue Service relating to the tax treatment of the recently announced proposed spin-off of the Company's standard specification drilling business. Details regarding the proposed spin-off were included in a press release issued on September 24, 2013. The previously announced spin-off transaction, if effected, is...

2013-10-24 16:23:53

HOUSTON, Oct. 24, 2013 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today that its monthly report of drilling rig status and contract information has been updated as of October 24, 2013. The report titled "Monthly Fleet Status Report" can be found on the Company's website at www.rowancompanies.com. (Logo: http://photos.prnewswire.com/prnh/20120827/DA62568LOGO) Notable events in the current report include: -- EXL III: Awarded an estimated...

2013-10-24 08:26:38

MONTREAL, Oct. 24, 2013 /CNW Telbec/ - Greg Struble, President and CEO of Maudore Minerals Ltd. (MAO: TSX-Venture; MAOMF: US OTC; M6L: Frankfurt Exchange) reports that Maudore's subsidiary, Aurbec Mines Inc. (Aurbec), has received assays from its current underground drilling campaign at the Sleeping Giant mine, located some 80 km north of Amos, Quebec in the Northern Volcanic Zone of the Abitibi Greenstone Belt. These assays include high quality intersections, some of them...

2013-10-24 08:24:09

Repurchased 3.2 Million Shares in Third Quarter HOUSTON, Oct. 24, 2013 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three and nine months ended September 30, 2013. The Company reported net income of $74.4 million, or $0.51 per share, for the third quarter of 2013, compared to net income of $50.8 million, or $0.33 per share, for the quarter ended September 30, 2012. Revenues for the third quarter of 2013 were $731 million,...

2013-10-23 12:23:11

SPOKANE, Wash., Oct. 23, 2013 /PRNewswire/ -- Daybreak Oil and Gas, Inc. (OTC: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce that its third consecutive successful oil well has been drilled in the recently-acquired Twin Bottoms Field Project in Lawrence County, Kentucky. The Dwight Dillon H-6 well was drilled to a measured depth ("MD") of 5,100 feet and a true vertical depth ("TVD") of 1,442 feet. Logs and other measurement data indicate that...