Pioneer Drilling Company, Inc. announced that its Chief Financial Officer, Joyce M. Schuldt, has resigned from the Company, effective August 28. Schuldt joined Pioneer Drilling in July 2007.
In addition, Pioneer Director C. Robert Bunch has resigned from the Company’s Board of Directors, effective immediately. Bunch joined the Board in May 2004 and on May 2, [...]
Major Drilling Group International Inc. announced that it has completed the purchase of the exploration drilling company Forage à Diamant Benoit Ltée (”Benoit”) based in Val-d’Or, Québec (Canada) for an aggregate purchase price of $21,000,000 (consisting of approximately $17.5 million in cash and $3.5 million in liabilities) subject to customary price adjustments.
Through this purchase Major [...]
Oilfield services provider Schlumberger Ltd. reporting a nearly 13 percent jump in profit driven by robust spending among customers searching for new sources of crude and natural gas. Unless the global economy goes into the tank, Schlumberger said it expects continued brisk spending on exploration and production as energy companies try to benefit from high [...]
Baker Hughes Inc. never stopped counting oil rigs in North Dakota, but in 1998 the company removed the state from its list of those with major drilling activity. The list is widely disseminated by the media.
Baker Hughes at the time cited a lack of drilling in North Dakota. The company does not have figures for [...]
Baker Hughes Incorporated announced that the company is providing corrected information for regional operating profit before tax for its Middle East Asia Pacific (MEAP) and Europe, Africa, Russia, Caspian (EARC) regions for the thirteen quarters from the quarter ending March 31, 2005 through the quarter ended March 31, 2008 and is identified on the attached [...]
Precision Drilling Trust’s released a report that its cash distribution has been approved by the board of trustees of $0.13 per trust unit of Precision. The distribution will be payable on August 15, 2008 to unitholders of record on July 31, 2008. The ex-distribution date is July 29, 2008. Holders of Class B limited partnership [...]
Bonanza Oil and Gas Inc, a Nevada Corporation and an independent oil and gas company, is pleased to announce the merger between Bonanza Oil and Gas, Inc. and Black Pearl Energy, Inc. As a result of the merger, Black Pearl Energy, Inc. merged into a wholly owned subsidiary of Bonanza Oil & Gas, Inc. with [...]
Bonanza Oil and Gas, Inc and Black Pearl Energy, Inc are two oil mining and exploration published their merger. As a result of the merger, Black Pearl Energy, Inc. merged into a wholly owned subsidiary of Bonanza Oil & Gas, Inc. with the wholly owned subsidiary being the surviving entity. Black Pearl’s assets consist of [...]
