Well drilling

Superior Drilling Products, Inc. Provides Preliminary Revenue for Third Quarter 2020

Retrieved on: 
Thursday, October 29, 2020

Superior Drilling Products, Inc. (NYSE American: SDPI) (SDP or the Company), a designer and manufacturer of drilling tool technologies, today reported preliminary revenue for the third quarter and nine-month period ended September 30, 2020.

Key Points: 
  • Superior Drilling Products, Inc. (NYSE American: SDPI) (SDP or the Company), a designer and manufacturer of drilling tool technologies, today reported preliminary revenue for the third quarter and nine-month period ended September 30, 2020.
  • The Company expects revenue for the third quarter to be approximately $1.5 million comprised of $1.1 million of revenue from North America and $0.4 million from international markets.
  • The value the DNR provides oil and natural gas producers is clearly validated with the improvement we are seeing in international revenue.
  • 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.

Superior Drilling Products Announces Third Quarter 2020 Financial Results Release and Conference Call

Retrieved on: 
Thursday, October 22, 2020

Superior Drilling Products, Inc. (NYSE American: SDPI) (SDP or Company), an innovator and manufacturer of drilling tool technologies, today announced that it will release its third quarter 2020 financial results before the opening of financial markets on Friday, November 6, 2020.

Key Points: 
  • Superior Drilling Products, Inc. (NYSE American: SDPI) (SDP or Company), an innovator and manufacturer of drilling tool technologies, today announced that it will release its third quarter 2020 financial results before the opening of financial markets on Friday, November 6, 2020.
  • The Company will host a conference call and webcast that day to review the financial and operating results for the quarter and discuss its corporate strategy and outlook.
  • 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 operates a state-of-the-art drill tool fabrication facility, where it manufactures its solutions for the drilling industry, as well as customers custom products.

Drilling and Completion Fluids Market - Global Growth, Trends, and Forecast 2020-2025: Development of Shale and Deepwater and Ultra-Deepwater Fields Expected to Drive the Market - ResearchAndMarkets.com

Retrieved on: 
Wednesday, October 21, 2020

Additionally, development of shale and deep-water and ultra-deepwater fields is expected to drive the market for drilling and completion fluids.

Key Points: 
  • Additionally, development of shale and deep-water and ultra-deepwater fields is expected to drive the market for drilling and completion fluids.
  • Onshore drilling encompasses all the drilling sites located on dry land and accounts for 70% of the global oil production.
  • North America is the largest market for drilling and completion fluids, accounting for over 40% of the market share.
  • The drilling and completion fluids market is moderately fragmented, with numerous small and big companies operating in the market.

Gold Standard Announces Drill Results for the Pinion Phase 4 Development Program, Carlin Trend, Nevada

Retrieved on: 
Tuesday, October 20, 2020

Don Harris, Gold Standards General Manager commented: Pinion Phase 4 drilling was completed to reduce drill spacing for conversion of inferred resource to measured and indicated resource.

Key Points: 
  • Don Harris, Gold Standards General Manager commented: Pinion Phase 4 drilling was completed to reduce drill spacing for conversion of inferred resource to measured and indicated resource.
  • Final drill collar locations are surveyed by differential GPS by Apex Surveying, LLC of Spring Creek, Nevada.
  • ABOUT GOLD STANDARD VENTURES Gold Standard is an advanced-stage gold exploration company focused on building value in a safe, responsible, sustainable and ethical manner by leveraging its strategic, cornerstone land package in Nevadas Carlin Trend.
  • Gold Standard intends to advance its South Railroad Project through permitting and a feasibility study towards a potential production decision.

ChampionX Announces Third Quarter 2020 Earnings Release and Conference Call Schedule

Retrieved on: 
Wednesday, October 14, 2020

A replay of the conference call will be available for approximately 30 days on ChampionXs website or at ChampionXThirdQuarter2020CallReplay .

Key Points: 
  • A replay of the conference call will be available for approximately 30 days on ChampionXs website or at ChampionXThirdQuarter2020CallReplay .
  • ChampionX is a global leader in chemistry solutions and highly engineered equipment and technologies that help companies drill for and produce oil and gas safely and efficiently around the world.
  • ChampionXs products provide efficient functioning throughout the lifecycle of a well - from drilling to completion to production.
  • ChampionXs Drilling Technologies offering provides market leading polycrystalline diamond cutters and bearings that result in cost effective and efficient drilling.

Drilling Specialties Co. introduces Tribex™ ERD to help operators save costs, drill longer wells

Retrieved on: 
Tuesday, October 13, 2020

Drilling Specialties Company, a division of Chevron Phillips Chemical Company LP, introduces TribexTM ERD, a specialized dry lubricant designed for the demanding environment oil and gas operating companies face in extended reach drilling.

Key Points: 
  • Drilling Specialties Company, a division of Chevron Phillips Chemical Company LP, introduces TribexTM ERD, a specialized dry lubricant designed for the demanding environment oil and gas operating companies face in extended reach drilling.
  • View the full release here: https://www.businesswire.com/news/home/20201013005192/en/
    Tribex(TM) ERD, a novel solid lubricant, helps oil and gas operators gain further performance from their drilling equipment when engaged in extended reach drilling conditions.
  • Recently, Chevron successfully drilled an extended reach lateral with water-based mud while trialing a new drilling fluid additive, Tribex ERD from the Drilling Specialties Company.
  • With TribexTM ERD, operators should be able to optimize the efficiency of their drilling equipment by improving weight on bit transfer.

Tectonic Metals Drills 10.78 g/t Au Over 3.05 Metres Within Interval Of 4.50 g/t Au Over 7.62 Metres at Tibbs Gold Project, Alaska

Retrieved on: 
Tuesday, October 6, 2020

Drilling was conducted as fences of angled holes designed to cross interpreted high-angle mineralized structures.

Key Points: 
  • Drilling was conducted as fences of angled holes designed to cross interpreted high-angle mineralized structures.
  • At Wolverine, drill holes were sited up-slope of gold-in-soil anomalies believed to be transported downhill due to solifluction.
  • Tectonic significantly exceeded this goal at Tibbs, drilling 3,202m in total without incurring additional costs.
  • Samples are placed in sealed bags and shipped directly to the Bureau Veritas Laboratories ("BV") preparation facility in Fairbanks, Alaska.

Hunting Digital Freepoint Tool Speeds Stuck Pipe Recovery

Retrieved on: 
Tuesday, October 6, 2020

Titan Division of Hunting Energy Services, a subsidiary of Hunting PLC, the international energy services company, today introduced its Digital Freepoint Tool.

Key Points: 
  • Titan Division of Hunting Energy Services, a subsidiary of Hunting PLC, the international energy services company, today introduced its Digital Freepoint Tool.
  • The tool transmits real-time data processed from movements in the downhole assembly that allows operators to determine where their tubulars are stuck in the borehole, and make rapid and informed decisions in recovering the immobilized assembly.
  • This signal is sent up hole and processed at the surface by the Digital Freepoint Panel or SDS Warrior System.
  • Hunting PLC is an international energy services provider to the world's leading upstream oil and gas companies.

Sandvik completes the acquisition of Allied Construction

Retrieved on: 
Friday, October 2, 2020

SANDVIKEN, Sweden, Oct. 2, 2020 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of Allied Construction Products LLC (Allied), a US distributor of hydraulic hammers to the construction and mining industries and manufacturer of compactor plates and mounting brackets.

Key Points: 
  • SANDVIKEN, Sweden, Oct. 2, 2020 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of Allied Construction Products LLC (Allied), a US distributor of hydraulic hammers to the construction and mining industries and manufacturer of compactor plates and mounting brackets.
  • In 2019 the company generated revenues of approximately 29 million USD with 38 employees.
  • Sandvik was already a 21% minority shareholder of the company and Sandvik's products generated about 80% of Allied's revenues.
  • For further information, contact Emelie Alm, Investor Relations Officer, phone: +46 79060 8717 or Martin Blomgren, Press and Media Relations Manager, phone: +46 70 577 0549.

Fosterville South Reports Long Interval of High-Grade Gold Assay from Core Drilling Program at Golden Mountain

Retrieved on: 
Thursday, October 1, 2020

All assays were subject to quality control measures appropriate for diamond core type drilling with duplicates, blanks and commercially available standards with the expected results from the samples submitted.

Key Points: 
  • All assays were subject to quality control measures appropriate for diamond core type drilling with duplicates, blanks and commercially available standards with the expected results from the samples submitted.
  • Additionally, Fosterville South has gold-focused projects called the Moormbool, Timor and Avoca Projects, which are also located in the state ofVictoria, Australia.
  • Six of Fosterville South's properties (Lauriston,Providence, Golden Mountain, Timor, Avoca and Walhalla Belt) have had historical gold production from hard rock sources despite limited modern exploration and drilling.
  • Except as required under applicable securities legislation, Fosterville South does not undertake to publicly update or revise forward-looking information.