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Precision Drilling Ltd. was founded in 1951. [3] In 1987, Precision Drilling was acquired by Cypress Drilling, led by president Hank Swartout, in a reverse takeover which left the company with a fleet of 19 rigs. [4] Swartout led the company through extensive growth until his retirement in 2007. [5]
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Precision Drilling (PD) revenue came in at C$236 million in 1Q 2021, compared to C$379 million in 1Q 2020. The adjusted EBITDA of C$55 million was 47% lower than in the previous year. Net loss ...
Patterson Drilling Company was founded in 1978 by Cloyce Talbott and Glenn Patterson. [1] UTI Energy was formed in 1986 to purchase Universal Well Services, Union Supply Company, Triad Drilling Company, and International Petroleum Services Company. In 2001, Patterson Drilling acquired UTI Energy and renamed the company Patterson-UTI Energy. [3]
1992 The company creates Montero Resources Corp. with focus on exploration-and-production. International drilling operations begin. Precision Drilling (1987) Ltd. changes its name to Precision Drilling Corporation ("Precision"). Precision buys Sierra Drilling, increasing the rig count to 39. Precision also purchases 50% of Sierra Drill ...
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Center Rock, Inc. is a manufacturer of drilling equipment headquartered in Berlin, Pennsylvania.The company was founded in 1998 by Brandon W. Fisher. Center Rock made headlines in 2002 when its equipment was instrumental in the Quecreek Mine Rescue in Pennsylvania, in which nine miners were rescued after being trapped for 78 hours in a flooded mine.
HARRISBURG, Pa. (AP) — Pennsylvania's highest court has delivered a victory for natural gas exploration firms, ruling that the state attorney general's office doesn't have authority under state ...