Logan Resources Ltd. announce that it has received the permit to begin drilling the Brynnor Iron project, located on its 100%-owned Redford Property, Vancouver Island, British Columbia. Crews mobilized over the weekend and drilling has now started. The Company plans to complete 6,200 metres of diamond drilling in 20 holes. D.J. Drilling Ltd. has been [...]

Boart Longyear Limited announced that it has acquired Eklund Drilling Company Inc., a U.S.-based company with headquarters in Elko, Nev., specializing in reverse circulation (RC) drilling. Terms of the acquisition were not disclosed. Eklund is expected to add approximately USD $50 million in annual revenues. The acquisition will expand the company’s position in global RC [...]

Precision Drilling Trust and Grey Wolf, Inc. announced that their Board of Trustees and Board of Directors, respectively, unanimously approved a definitive merger agreement pursuant to which Precision will acquire Grey Wolf.
The combination of Precision and Grey Wolf will have land drilling operations in virtually every conventional and unconventional oil and gas basin in [...]

Tesco Corporation announced that Robert L. Kayl, the Company’s Vice President and Controller, has been named Senior Vice President and Chief Financial Officer effective July 2, 2008. Julio Quintana, TESCO’s President and Chief Executive Officer said, “Bob has played a key role at the Company since arriving in 2005; we are fortunate to have [...]

Pioneer Drilling Company (Amex: PDC) announced that it has been notified by the American Stock Exchange (”AMEX”) that AMEX has accepted the Company’s plan to regain compliance with the AMEX continued listing standards and that the Company’s listing will be continued pursuant to an extension.
The Company previously submitted a plan to AMEX outlining its ability [...]

Best Energy Services, Inc. (OTC Bulletin Board: BEYS), a U.S. energy production equipment and services provider, today announced its financial results for the first fiscal quarter, ended April 30, 2008, including the results for subsidiaries Bob Beeman Drilling Company and Best Well Service, Inc., which were both acquired on February 14, 2008, and comparable results [...]

The senior vice president of the Eastern region of Key Energy Services Inc., which provides oil drilling services, exercised options for 22,500 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed Thursday with the SEC, Phil Coyne reported he exercised the options Wednesday for $10.53 and $15.05 apiece [...]

Oilfield services provider Smith International Inc. plans to buy W-H Energy Services in a deal valued at roughly $3.2 billion. The combination should broaden Smith’s offerings in key drilling services markets.
Smith will pay $56.10 cash and 0.48 Smith share for each W-H Energy Inc. share outstanding. Based on Smith’s closing price Monday, the deal values [...]

Navasota Resources Ltd. is pleased to report that aircore drilling on the Telimele and Gaoual (”AMIG”) permits of its Koba Bauxite Project located in the Boke Bauxite Belt of northwestern Guinea, West Africa, continues to progress well.
As of May 29, 2008, a total of 28,722 metres in 1,630 drill holes have been completed on [...]

South Africa’s Nedbank Capital said on Wednesday it had acquired Mining Capital Equipment, a unit of U.S drilling services group Boart Longyear , through a leveraged buyout.
Nedbank Capital, a unit of banking group Nedbank , bought the unit for an undisclosed amount with black empowerment group Matasis Investment Holdings and management.
“The business is focused and [...]