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Latest Oilfield terminology Stories

2014-08-21 12:23:48

SALT LAKE CITY, Aug. 21, 2014 /PRNewswire/ -- Boart Longyear (www.BoartLongyear.com), the world's leading integrated exploration drilling services, equipment and performance tooling provider, has been awarded a contract on August 1, 2014 for drilling services at the Magnum NGLs (Natural Gas Liquids) Storage Project at central Utah's Western Energy Hub. Magnum is building the first underground salt cavern NGLs storage facility in the Rocky Mountain region at the site, located 10 miles...

2014-08-19 16:22:41

SPRING, Texas, Aug. 19, 2014 /PRNewswire/ -- Jim Terry, CEO of Integrated Drilling Equipment Holdings Corp. ("IDE") (OTC: IRIG), announced today the appointment of Martin (Marty) Paulk, 52, as Senior Vice President of Sales, Marketing and Strategic Implementation, effective immediately. Prior to his appointment, Marty Paulk was the Senior Director-Global Technical Solutions and Strategy at Key Energy Services. Prior to his position at Key Energy Services, Mr. Paulk held leadership...

2014-08-13 20:21:18

HOUSTON, Aug. 13, 2014 /PRNewswire/ -- Sidewinder Drilling Inc. (the "Company") announced August 13, 2014 it will hold a conference call with bond investors on Friday, August 22, 2014 at 10:00 AM (Eastern Time) to discuss Second Quarter 2014 results. Call-in details will be provided via email to Sidewinder's existing bond holders. For those bond holders who are in need of the details and have not received them, please call the Company. Sidewinder was formed in 2011 by the...

2014-08-12 23:01:21

U.S. Congressman John Carter (R-Texas) visited Tolteq, a high-tech manufacturer that designs and produces innovative directional drilling guidance systems, a critical technology used for well placement commonly referred to in the industry as Measurement While Drilling (MWD). Cedar Park, Texas (PRWEB) August 12, 2014 During his visit to Tolteq, Congressman Carter was exposed to the ruggedized hardware and sophisticated electronics that have allowed energy companies to successfully tap into...

2014-08-12 08:22:58

FORT WORTH, Texas, Aug. 12, 2014 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of July 2014. Basic's well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 73,300 producing a rig utilization rate of 69%, compared to 74% and 71% in June 2014 and July 2013, respectively. During the month, Basic's fluid service truck count increased by three to 1,019. Fluid service truck...

2014-08-05 08:24:15

HOUSTON, Aug. 5, 2014 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of July 2014, the Company had an average of 207 drilling rigs operating in the United States and nine 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...

2014-08-01 16:21:49

MONCTON, NB, Aug. 1, 2014 /CNW/ - Major Drilling Group International Inc. ("Major Drilling") (TSX: MDI) is pleased to announce that it has completed the previously announced acquisition of the assets and business of Taurus Drilling. Through this acquisition Major Drilling is entering into the underground percussive/longhole drilling sector with operations in Canada, the U.S. and Mexico. Pursuant to this transaction, Major Drilling has acquired 39 drill rigs, together with...

2014-08-01 16:21:26

Bolt-on Acquisition Expands Specialty Oil Field Products and Services Offering INDIANAPOLIS, Aug. 1, 2014 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet" or the "Partnership") a leading independent producer of specialty hydrocarbon and fuel products, today announced that it acquired substantially all of the assets of privately-held Specialty Oilfield Solutions, Ltd. ("SOS") on August 1, 2014 for total cash consideration of $30.0 million. Founded...

2014-07-31 00:20:44

CAMARILLO, CA, July 30, 2014 /PRNewswire/ - BNK Petroleum Inc. (the "Company") (TSX: BKX) is pleased to announce that its indirect wholly owned subsidiary BNK Petroleum (US) Inc. ("BNK US") has obtained a new US$100,000,000 credit facility ("new facility") from Morgan Stanley Capital Group Inc. ("MSCGI"). The initial commitment amount of the new reserve-based facility is US$15,900,000. The proceeds from the new facility are intended to fund drilling of Caney shale oil wells in...

2014-07-30 16:25:11

HOUSTON, July 30, 2014 /PRNewswire/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) today announced that the company has finalized a 2 1/2 year contract with Rosneft Oil Company, in conjunction with North Atlantic Drilling Ltd., for the provision of the jackup drilling rig Energy Endeavour. According to the agreement, any break rights expire after 100 days, after which the contract will commence in direct continuation upon the release of the rig by the current client. The company...


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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