Total Energy Services Reports on Rig Contract Buyout

Total Energy Services' contract drilling division, Chinook Drilling, has received $0.9 million in consideration of the termination of a one year contract on its newly constructed fourteenth drilling rig.

This 3,400 meter telescopic double rig, complete with top drive, was under a take or pay contract to July 2010. Chinook Drilling is now able to market this rig and preliminary indications are that interest in this rig is strong.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Mechanical Engineer
Expertise: Design Engineer|Manufacturing Engineering|Mechanical Engineering
Location: Houston, TX
 
Inspector - Client Rep - Fire Fighting Equipment | North Texas
Expertise: Client Representative|Fire Protection|QA / QC / Inspection
Location: Lubbock, TX
 
Substation Engineer
Expertise: Design Engineer|Electrical Engineering
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $55.86/BBL 0.73%
Light Crude Oil : $52.64/BBL 0.51%
Natural Gas : $3.42/MMBtu 0.00%
Updated in last 24 hours