Grey Wolf, Inc.

Grey Wolf, Inc. is a leading provider of contract oil and gas land drilling services in the United States serving both major and independent oil and gas companies with a premium fleet of 120 rigs.

In the combined markets of South Texas, the Gulf Coast, Ark-La-Tex and Mississippi/Alabama, Grey Wolf is a market leader in the region that holds the nation's most significant onshore natural gas reserves. To further that strategy, Grey Wolf is expanding its market presence to the Rocky Mountains and West Texas.

To position itself for success, Grey Wolf focuses on superior equipment, markets and most important, people.

Address: 10370 Richmond Ave.
Suite 600
Houston, TX 77042
Contact: 7134356100

Recent Articles

Grey Wolf's Canadian Production Up 14%
Tuesday, February 24, 2009 Grey Wolf Exploration reported that January 2009 production levels averaged over 2,400 barrels of oil equivalent per day, an increase of 14% over the first quarter of 2008.
Precision Closes $172.5MM Public Offering
Wednesday, February 18, 2009 Precision Drilling Trust closed its offering of 46,000,000 trust units at a price of $3.75 per Trust Unit for aggregate gross proceeds of $172.5 million.
Precision Posts Financial Results, Suspends Monthly Cash Distributions
Monday, February 09, 2009 Precision Drilling Trust reported net earnings of $92 million or $0.71 per diluted unit for the quarter ended December 31, 2008, compared to $89 million or $0.71 per diluted unit in the fourth quarter of 2007.
Precision Drilling Appoints 3 Additional Directors to Board
Wednesday, January 14, 2009 Precision has appointed an additional three directors to the Board of Directors of Precision Drilling Corporation.
Precision Drilling Completes Grey Wolf Acquisition
Wednesday, December 24, 2008 Precision Drilling Trust announced that its acquisition of Grey Wolf, Inc. was successfully completed following approval of the merger transaction by Grey Wolf shareholders at Grey Wolf's special meeting of shareholders.
Precision, Grey Wolf Set Merger Consideration Election Deadline
Tuesday, December 16, 2008 Precision Drilling Trust and Grey Wolf have announced the deadline for merger consideration elections in connection with Precision's proposed acquisition of Grey Wolf.
Government Grants Early Termination of HSR for Grey Wolf, Precision
Tuesday, September 30, 2008 Precision and Grey Wolf announced that the Federal Trade Commission has completed its review of the proposed acquisition by Precision of Grey Wolf and has granted early termination of the HSR waiting period.
Precision Snares Grey Wolf in Strategic Merger for Both Companies
Monday, August 25, 2008 Precision Drilling Trust and Grey Wolf, Inc. have 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.
Grey Wolf Terminates Merger Agreement
Wednesday, July 16, 2008 Grey Wolf, Inc. announced that its proposed merger with Basic Energy Services, Inc. did not receive sufficient votes from Grey Wolf shareholders to approve the transaction at its special meeting of shareholders held today.
Grey Wolf Plans Tie-In for Horizontal Well in Alberta
Tuesday, July 15, 2008 Grey Wolf announced that its first 100% working interest horizontal well in the Pouce Coupe area of Alberta has been drilled to total depth of 2,955 meters with minimal problems. The well will quickly be tied-in and put on production.
Precision to Reapproach Grey Wolf
Thursday, July 10, 2008 Precision will immediately reapproach the board of directors of Grey Wolf with its June 24, 2008 US$10.00 per share proposal if the merger agreement with Basic Energy is terminated.
Grey Wolf Stays Strong in Pending Merger with Basic
Friday, June 27, 2008 Grey Wolf has determined that the proposal to acquire Grey Wolf by the Precision Drilling Trust is not a proposal superior to its pending strategic merger with Basic Energy Services, Inc.
Precision Offers $10 per Share for Grey Wolf
Wednesday, June 25, 2008 Precision has confirmed that it has provided Grey Wolf with a final business combination proposal for US $10.00 per Grey Wolf share. Precision hopes that shareholders of Grey Wolf opt for Precision over competing firm Basic Energy Services.
Grey Wolf Receives Third Unsolicited Proposal from Precision
Wednesday, June 25, 2008 Grey Wolf has received a third unsolicited proposal to acquire Grey Wolf. Precision's third proposal is to acquire all of Grey Wolf’s common stock for a consideration of US$10.00 per share. Precision's board announces that this is their final offer.
Grey Wolf Announces Response to Unsolicited Proposal
Tuesday, June 17, 2008 Grey Wolf, Inc. received a letter from the board of trustees of Precision Drilling Trust making a second unsolicited proposal to acquire Grey Wolf.
Grey Wolf Spurns Precision Drilling Trust, Sticks with Basic Energy
Thursday, June 12, 2008 Grey Wolf announced that its Board of Directors has carefully analyzed the previously-announced acquisition proposal from the Precision Drilling Trust and has decided to stand by the previously announced merger with Basic Energy Services.
Grey Wolf, Basic Energy Reach Merger Agreement
Monday, April 21, 2008 Based upon closing prices for each company's common stock as of April 18, 2008, the estimated enterprise value of the combined company would be approximately $2.9 billion.
Grey Wolf Third Quarter Results
Monday, October 29, 2007 Grey Wolf reported net income of $35.6 million and revenues of $224 million for the third quarter of 2007.
Grey Wolf Acquires Two New Rigs for Work in the Rocky Mountains
Wednesday, September 26, 2007 Grey Wolf has entered into three-year term contracts with two exploration and production companies to deploy two new 1,500 horsepower built-for-purpose rigs.
Grey Wolf Reports 2Q07 Results
Thursday, August 02, 2007 Grey Wolf reported net income of $41.7 million for the three months ended June 30, 2007 compared with net income of $57.9 million for the second quarter of 2006.