Well drilling

Halliburton 2020 Fourth Quarter Conference Call

Tuesday, November 24, 2020 - 10:15pm

Halliburton Company (NYSE: HAL) will host a conference call on Tuesday, January 19, 2021, to discuss its fourth quarter 2020 financial results.

Key Points: 
  • Halliburton Company (NYSE: HAL) will host a conference call on Tuesday, January 19, 2021, to discuss its fourth quarter 2020 financial results.
  • The Company will issue a press release regarding the fourth quarter 2020 earnings prior to the conference call.
  • The press release will be posted on the Halliburton website at www.halliburton.com .
  • Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry.

Electric Drill Market is estimated to generate a value of US$ 3.3 Bn by the end of 2030 - Persistence Market Research

Tuesday, November 24, 2020 - 12:00pm

NEW YORK, Nov. 24, 2020 /PRNewswire/ --Smart electric drills facilitate accurate depth control, and are reshaping the electric drill market space.

Key Points: 
  • NEW YORK, Nov. 24, 2020 /PRNewswire/ --Smart electric drills facilitate accurate depth control, and are reshaping the electric drill market space.
  • The capability of smart electric drills to facilitate complete control and levelling during drilling has boosted their adoption across the world.
  • All these product-related features and other aspects have significantly contributed to the growth of the electric drill market.
  • PMR analysis shows that, the global electric drill market is estimated to generate a value of US$ 3.3 Bn by the end of 2030, expanding at a CAGR of over 5% during the forecast period (2020-2030).

Electric Drill Market is estimated to generate a value of US$ 3.3 Bn by the end of 2030 - Persistence Market Research

Tuesday, November 24, 2020 - 12:00pm

NEW YORK, Nov. 24, 2020 /PRNewswire/ --Smart electric drills facilitate accurate depth control, and are reshaping the electric drill market space.

Key Points: 
  • NEW YORK, Nov. 24, 2020 /PRNewswire/ --Smart electric drills facilitate accurate depth control, and are reshaping the electric drill market space.
  • The capability of smart electric drills to facilitate complete control and levelling during drilling has boosted their adoption across the world.
  • All these product-related features and other aspects have significantly contributed to the growth of the electric drill market.
  • PMR analysis shows that, the global electric drill market is estimated to generate a value of US$ 3.3 Bn by the end of 2030, expanding at a CAGR of over 5% during the forecast period (2020-2030).

Sunward to Showcase 38 Equipment at bauma CHINA 2020

Sunday, November 22, 2020 - 2:26am

SHANGHAI, Nov. 21, 2020 /PRNewswire/ -- As a world-class manufacturer, Sunward will bring 38 equipment covering 8 product lines at the upcoming bauma CHINA 2020.

Key Points: 
  • SHANGHAI, Nov. 21, 2020 /PRNewswire/ -- As a world-class manufacturer, Sunward will bring 38 equipment covering 8 product lines at the upcoming bauma CHINA 2020.
  • During the exhibition, Sunward will display the integrated solutions as well as a wide range of construction equipment including excavator, rotary drilling rig, rock drilling equipment, mobile crusher, telescopic crane, and the tunnel boring machine.
  • The company has got significant independent intellectual property rights and core competitiveness in more than ten product lines including underground engineering equipment, a full range of excavators, rock drilling equipment, special equipment, mining equipment, lifting machinery, hydraulic components and general aviation equipment.
  • Its tough high-end equipment have exported to more than 100 countries and regions around the world
    At bauma CHINA 2020, Sunward will be welcoming visitors at the brand new outdoor stand D76 & D80.

Superior Drilling Products, Inc. Receives Notice of Noncompliance from NYSE American

Friday, November 20, 2020 - 1:03pm

SDP then intends to submit a plan for regaining compliance to the NYSE American by the required submission date of December 18, 2020.

Key Points: 
  • SDP then intends to submit a plan for regaining compliance to the NYSE American by the required submission date of December 18, 2020.
  • If the NYSE American accepts the plan, the Company will be subject to ongoing periodic reviews, including quarterly monitoring, for compliance with the plan.
  • Superior Drilling Products, Inc. is an innovative, cutting-edge drilling tool technology company providing cost saving solutions that drive production efficiencies for the oil and natural gas drilling industry.
  • SDP drilling solutions include the patented Drill-N-Ream well bore conditioning tool and the patented Strider oscillation system technology.

Varel Energy Solutions Announces Rebrand, Recommitting to Innovation in Drilling and Downhole Solutions

Wednesday, November 18, 2020 - 2:05pm

The enterprise announces Varel Energy Solutions (VES) as the new company name and image, effective immediately.

Key Points: 
  • The enterprise announces Varel Energy Solutions (VES) as the new company name and image, effective immediately.
  • More than a new name and image, Varel Energy Solutions is well positioned to deliver higher value to our customers and stakeholders.
  • For more information about Varel Energy Solutions, please visit the new website at varel.com .
  • Founded in 1947, Varel Energy Solutions is one of the worlds largest independent manufacturer and suppliers of downhole drilling and completions products to the energy sector.

Karora Resources Intersects 29.8 g/t Gold Over 19.0 Metres and 27.3 g/t Gold Over 15.0 Metres from Initial Drilling at Spargos Project

Wednesday, November 18, 2020 - 12:53pm

Initial drill results1 within 100 metres of the surface have intersected new high grade gold intercepts at the Spargos Project.

Key Points: 
  • Initial drill results1 within 100 metres of the surface have intersected new high grade gold intercepts at the Spargos Project.
  • Paul Andre Huet, Chairman & CEO, commented: "Our exploration drilling program at Spargos is off to a tremendous start.
  • Drilling to date totals 21 holes for 1,608 metres (Figure 2 highlights the location of recently completed Karora drill holes and historic drill holes).
  • Karora is focused on growing gold production and reducing costs at its integrated Beta Hunt Gold Mine and Higginsville Gold Operations ("HGO") in Western Australia.

ADS Services Acquires PowerChokes™ from Expro

Tuesday, November 17, 2020 - 9:10pm

ADS Services, LLC (ADS or the Company), a Black Bay Energy Capital (Black Bay) portfolio company, is pleased to announce the acquisition of the PowerChokes business unit ("PowerChokes") from Expro Americas LLC, a part of the Expro Group (Expro).

Key Points: 
  • ADS Services, LLC (ADS or the Company), a Black Bay Energy Capital (Black Bay) portfolio company, is pleased to announce the acquisition of the PowerChokes business unit ("PowerChokes") from Expro Americas LLC, a part of the Expro Group (Expro).
  • ADS can now provide the industry's most economical, autonomous, and compact MPD offering as part of their comprehensive, bundled services.
  • ADS is thrilled to combine the PowerChokes team, manufacturing and sales capabilities, and intellectual property portfolio with ADS existing next-generation approach to the managed pressure drilling market.
  • In addition to acquiring the PowerChokes business unit, ADS and Expro are establishing an international partnership agreement to provide value-added MPD services in several regions around the world.

Superior Drilling Products, Inc. Executes Sale-Leaseback Transaction for $4.5 million

Thursday, November 12, 2020 - 10:00pm

The transaction is subject to customary due diligence and the Company expects it to close before year end.

Key Points: 
  • The transaction is subject to customary due diligence and the Company expects it to close before year end.
  • Under the terms of the transaction, SDP will sell its facilities for $4.5 million and simultaneously enter into a 15-year lease.
  • After fees, the Company is expected to net approximately $4.2 million in proceeds of which $2.5 million will be used to repay its outstanding mortgage.
  • Superior Drilling Products, Inc. is an innovative, cutting-edge drilling tool technology company providing cost saving solutions that drive production efficiencies for the oil and natural gas drilling industry.

Water Well Drilling Services Market to Reach $3.90 Bn, Globally, by 2027 at 4.7% CAGR, Says Allied Market Research

Wednesday, November 11, 2020 - 1:40pm

PORTLAND, Ore., Nov. 11, 2020 /PRNewswire/ -- Allied Market Research recently published a report, titled, " Water Well Drilling Services Market by Application (Residential, Irrigation and Institutional), and Drilling Method Type (Rotary Drilling, Cable tool drilling & Auger drilling and Others): Global Opportunity Analysis and Industry Forecast, 20212027".

Key Points: 
  • PORTLAND, Ore., Nov. 11, 2020 /PRNewswire/ -- Allied Market Research recently published a report, titled, " Water Well Drilling Services Market by Application (Residential, Irrigation and Institutional), and Drilling Method Type (Rotary Drilling, Cable tool drilling & Auger drilling and Others): Global Opportunity Analysis and Industry Forecast, 20212027".
  • As per the report, the global water well drilling services industry was pegged at $2.83 billion in 2019, and is projected to reach $3.90 billion by 2027, growing at a CAGR of 4.7% from 2021 to 2027.
  • Rise in use of water wells for irrigation purposes, service innovation, and service innovations drive the growth of the global water well drilling services market.
  • However, the residential segment dominated the market in 2019, accounting for nearly three-fourths of the global water well drilling services market, due to increase in awareness regarding self-sustaining and owning private well.