Canadian Royalties Inc. provides the following update about the progress of construction of its Nunavik Nickel Project, and about the implementation of an Asset Conservation Plan, previously announced on August 5th, 2008.
The ongoing 2008 Exploration Program is progressing as planned with over 24,000 metres drilled to date; results will follow in separate news releases commencing [...]
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 [...]
Multi-Shot, LLC and Denham Capital announced that Denham will make a majority equity investment of $165 million in Multi-Shot, a leading independent provider of directional drilling services in the North American oilfield services industry.
Multi-Shot, headquartered in Conroe, Texas, is an independent directional drilling services company. The Company operates throughout the continental United States. It has [...]
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 [...]
In response to inquiries, Precision Drilling Trust (”Precision”) clarified today for its unitholders that it will immediately re-approach the board of directors of Grey Wolf, Inc. (”Grey Wolf”) with its June 24, 2008 US$10.00 per share proposal if the merger agreement with Basic Energy Services, Inc. (”Basic”) is terminated.
Precision will await the outcome of [...]
Precision Drilling Trust is reducing its monthly cash distribution 39 per cent, to 19 cents a unit from 31 cents, citing a “persistent decline in natural gas and oil price trends.”
The payout for January will be payable Feb. 15 to unitholders of record as of Jan. 31.
Units of the trust fell $1.54, 5.6 per cent, [...]
Allis-Chalmers Energy Inc. announced the completion of its acquisition of substantially all the assets of Oil & Gas Rental Services, Inc., a Louisiana-based corporation that provides rental tools to both offshore and onshore exploration and production companies. The purchase price consisted of $291.0 million in cash and 3.2 million shares of Allis-Chalmers common stock. In [...]
Precision Drilling Trust (”Precision”) announced today that Gene Stahl, President & Chief Operating Officer, will make a brief presentation and participate in a panel discussion at the 2006 RBC Capital Markets Oil & Gas Income Trust Conference being held in Toronto, Ontario, on Wednesday, November 29, 2006. The panel discussion is scheduled to begin at [...]
Allis-Chalmers Energy Inc. announced that it has entered into a definitive agreement to purchase substantially all the assets of Oil & Gas Rental Services, Inc., a Louisiana based corporation that provides rental tools to both offshore and onshore exploration and production companies. The consideration for the acquisition of the assets will consist of cash [...]
Precision Drilling Trust announced that its Board of Trustees has set the distribution policy for the fourth quarter of 2006 at the same rate as in the third quarter, Cdn$0.31 per trust unit per month. These monthly payments also will be made to holders of Class B limited partnership units of Precision Drilling Limited Partnership.
The [...]
