A drilling rig is structure-housing equipment used to drill into underground reservoirs for water, oil, or natural gas, or into sub-surface mineral deposits
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Pioneer Drilling Company (Amex: PDC) announced today that it has filed a Form 12b-25 with the U.S. Securities and Exchange Commission (SEC) to report that it will not timely file its Form 10-Q for the quarter ended March 31, 2008 (the "Quarterly Report").
Bronco Drilling Co. Inc. (BRNC: News, Chart, Quote ), a provider of contract land drilling services to oil and natural gas companies, announced operational results for the month of April.
The presentation was arranged within the scope of testing at the company’s plant several kilometers away from St. Petersburg and demonstrated features of the new development.
Iran?s North Drilling Company (INDC) has announced that $400 million have been allocated for the construction of four offshore drilling rigs, Iran Daily reported.
A supply shortage for classes of offshore rigs capable of drilling in up to 10,000 feet of water means that the daily rate that operators pay to rent a high-end, deep-water drilling rig is now $500,000 to $550,000.
Drilling Rigs
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