Grey Wolf Spurns Precision Drilling Trust, Sticks with Basic Energy

Grey Wolf, Inc. announced that its Board of Directors has carefully analyzed the previously-announced acquisition proposal from the Precision Drilling Trust after receiving advice from financial and legal advisors. Grey Wolf's Board of Directors has concluded that Precision's offer is not superior to Grey Wolf's pending merger with Basic Energy Services, Inc. Grey Wolf also confirmed that the previously-announced merger agreement between Grey Wolf and Basic has not been amended and remains in effect.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Director Downhole Tool Engineering
Expertise: Electrical Engineering|Engineering Manager|MWD / LWD
Location: Houston, TX
Senior Land Professional Job
Expertise: Landman|Lease Analyst
Location: Oklahoma City, OK
Surface Land Professional Job
Expertise: Landman|Lease Analyst
Location: San Antonio, TX
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours