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Swartout led the company through extensive growth until his retirement in 2007. [5] In 2005, Precision sold its energy services and international contract-drilling divisions to Weatherford International for $2.28 billion [6] and reorganized as an income trust. [4] [7] Precision converted from an income trust back to a corporation in 2010. [8]
The company was formed in 2001 by the merger of Global Marine and Santa Fe International Corporation. [2] In March 2003, the company temporarily suspended operations in Kuwait ahead of the Iraq War. [3] [4] In May 2004, the company sold its worldwide land drilling assets to Precision Drilling for $316.5 million. [5] [6]
The Grey Wolf was unveiled and named during the ceremony at Duke Field, Florida. In March 2024, the first field-ready MH-139 Grey Wolf arrived at Montana’s Malmstrom Air Force Base . [ 13 ] The 341st Missile Wing captured footage of Malmstrom's first Grey Wolf arriving at the base. [ 14 ]
Shares of Wolfspeed (NYSE: WOLF) are seeing explosive gains in Wednesday's trading. The silicon carbide specialist's share price was up 25% as of 1 p.m. ET today amid the backdrop of a 1.5% gain ...
High Grade Drilling Results to Expand the Resource at Grey Fox HALIFAX, Nova Scotia--(BUSINESS WIRE)-- Brigus Gold Corp. ("Brigus" or the "Company") (NYSE MKT: BRD; TSX: BRD) is pleased to report ...
Shares of Wolfspeed (NYSE: WOLF) continued their remarkable recovery on Wednesday, soaring by as much as 19.5%. As of 12:35 p.m. ET, the stock was still up 17.8%. As of 12:35 p.m. ET, the stock ...
Vetco was a British oilfield service company that was established in July 2004 and operated through its subsidiaries Vetco Gray and Vetco Aibel AS. Vetco was the result of a consortium consisting of the private equity firms Candover, 3i and JP Morgan Partners, which took over ABB's oil and gas division, ABB Offshore Systems.
In May 2013, the company sold Tender rigs T-15, T16 and the West Vencedor to Seadrill Partners LLC. [9] In June 2013, the company acquired a majority interest in Sevan Drilling. [10] In November 2014, the company suspended dividend payments as a result of a downturn in the industry. [11] In December 2017, the company filed bankruptcy. [12] [13 ...