Knight's Subsidiary Nabs 2 New Drilling Rigs

On July 8, 2008, Charles Hill Drilling, Inc., a wholly-owned subsidiary of Knight Energy Corp., purchased two
drilling rigs and related assets from an unrelated party. The drilling rigs were purchased for $1,500,000 with proceeds from a recently-completed $2,500,000 debt financing.

William J. Bosso, CEO of Knight, commented, "We are very pleased that we have been able to obtain additional rigging equipment. We intend to use one of these rigs to pursue drilling opportunities on our oil and gas properties."


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Equipment Operator - San Antonio
Expertise: Coil Tubing|Driller|Production Operator
Location: San Antonio, TX
Junior-Level Mechanical HVAC Design / Energy Audit Engineer
Expertise: HVAC|Mechanical Engineering
Location: San Antonio, TX
Energy Engineer
Expertise: Mechanical Engineering
Location: Gainesville, FL
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