DRILLING contractor GlobalSantaFe will exit the land drilling business through the planned sale of its land drilling assets to Canada's Precision Drilling for $316.5 million in cash. The two companies ...

Parker Drilling has been awarded new contracts for six of it's international land rigs in Libya, Mexico and Kazakhstan. Of the six rigs fulfilling these contracts, five are mobilizing from inactive ...

Parker Drilling was awarded new contracts for three land rigs to subsidiaries operating in Mexico and Kazakhstan. Parker Drilling was awarded new contracts for three land rigs to subsidiaries ...

Helmerich & Payne's Rig Utilization Will Improve as Seasonal Headwinds Abate Helmerich & Payne has maintained the dominant market share in U.S. horizontal land rigs (26%) for over a decade. H&P seeks ...

BANGALORE, Aug 3 (Reuters) - Contract driller Rowan Cos Inc reported a quarterly profit that beat analysts' estimates, backed by strong land rig utilization, and said clients were shifting capital ...

Robert Dean Ravnaas, Chairman and CEO, reported "solid results for the second quarter with strong cash flow, continued debt paydown and lower cash G&A cost per BOE." He highlighted that Kimbell's ...

San Antonio company Pioneer Drilling has added four land rigs to its fleet through two separate deals valued at $19 million. The contractor paid $7 million for the assets of United Drilling and U-D ...

Helmerich & Payne, Inc. (NYSE: HP) today announced that notice has been received to recommence operations on seven land rigs in Saudi Arabia that are currently under suspension. The reactivations will ...

U.S. energy firms this week added rigs drilling for oil for a second week in a row for the first time since August, energy services firm Baker Hughes Inc said on Friday, after crude prices this week ...