Oil & Gas Drilling

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Mitchell Services Ltd announces acquisition of Tom Browne drilling services assets for $9.5 million

Thursday, 21 Aug 2014 08:00pm EDT

Mitchell Services Ltd:Says that it has entered into an agreement to acquire the drilling rigs and associated assets of Tom Browne Drilling Services Pty Ltd (Tom Browne) for $9.5 million.The Tom Browne assets include 29 drilling rigs and ancillary equipment, which will double the number of rigs in the Mitchell Services fleet to 58, as well as the potential assignment of an 18-month drilling contract with a Tier 1 global mining company.

PT Apexindo Pratama Duta Tbk announces merger with PT Apexindo Energi Investama

Wednesday, 2 Jul 2014 08:00pm EDT

PT Apexindo Pratama Duta Tbk:Says merger of company and PT Apexindo Energi Investama took effect on July 1, where the company is the surviving entity.No further details have been disclosed.

Patterson-UTI Energy Inc completed previously announced pressure pumping acquisition

Tuesday, 17 Jun 2014 06:00am EDT

Patterson-UTI Energy Inc:Completed previously announced acquisition of East Texas-based pressure pumping operations of privately held company.Acquisition included 31,500 horsepower of hydraulic fracturing equipment and provides Patterson-UTI with a new base of operations and employees to efficiently support drilling programs in East Texas and Louisiana.Patterson-UTI now has more than 790,000 horsepower of hydraulic fracturing equipment, including the equipment acquired in this transaction.

NK Neftisa acquires 77.86 pct of Udmurtgeologiya OAO shares-AK&M

Sunday, 8 Jun 2014 08:00pm EDT

Udmurtgeologiya OAO:On June 5, Neftyanaya kompaniya Neftisa OJSC (NK Neftisa) acquired 77.86 percent of the shares in Udmurtgeologiya OAO, the company informed-AK&M.The transaction value was not disclosed in the statement.As reported, on Aug. 20, 2013, RussNeft withdrew from the authorized capital of Udmurtgeologiya OAO, selling its 45.098 percent stake.

Patterson-UTI Energy announces agreement to acquire east texas-based pressure pumping operations

Friday, 6 Jun 2014 06:00am EDT

Patterson-UTI Energy Inc:Enters into an agreement to acquire the East Texas-based pressure pumping operations of a privately held company.Acquisition includes 31,500 horsepower of hydraulic fracturing equipment and provides Patterson-UTI with a new base of operations and employees to efficiently support drilling programs in East Texas and Louisiana.

Hi-Crush Partners LP completes acquisition of augusta facility and closes long-term financing transactions

Monday, 28 Apr 2014 07:00pm EDT

Hi-Crush Partners LP:Announces completion of its previously announced acquisition of certain equity interests in Hi-Crush Augusta LLC.Acquisition consideration of $224.25 million.Hi-Crush now owns 98 pct. of Augusta's common equity interests.Hi-Crush also announced that it closed on a new $200 million Senior Secured Term Loan Credit Facility.The borrowings under the Term Loan Facility were used to partially fund the Augusta acquisition and to pay related fees and expenses.The Term Loan Facility will bear interest at LIBOR plus 3.75 pct. per annum with a 1.00 pct. LIBOR floor, is priced at 99.0 pct. of par value, and will mature in 2021.The term loan was rated B+ (Stable) by Standard and Poor's Ratings Agency and B2 (Stable) by Moody's Investor Service.Hi-Crush also announced that it has closed on a new five-year $150 million Revolving Credit Facility.The Revolving Credit Facility, currently undrawn, will mature in 2019.The primary purpose of the Revolving Credit Facility is to finance future expansion activities, as well as for general corporate purposes.

Hi-Crush Partners LP announces acquisition of Hi-Crush Augusta LLC; updates Q1 2014 EBITDA outlook to a range below analysts' estimates

Tuesday, 8 Apr 2014 04:00pm EDT

Hi-Crush Partners LP:Enters into a contribution agreement with Hi-Crush Proppants LLC (the Sponsor) to acquire certain equity interests in Hi-Crush Augusta LLC (Augusta), the entity that owns the Sponsor`s raw frac sand processing facility located in Augusta, Wisconsin.Under the terms of the transaction, the partnership will pay cash consideration of $224.25 mln.At the closing of the acquisition, the partnership`s preferred equity interest in Augusta will be converted into common equity interests in Augusta, and the Partnership will own 98 pct of Augusta`s common equity interests.Acquisition is expected to close by mid-May 2014.Barclays acted as financial advisor to Hi-Crush Proppants LLC.Expects Q1 2014 EBITDA to be in the range of $18.8-$19.5 mln.Q1 2014 EBITDA of $22.3 mln - Thomson Reuters I/B/E/S.

SeaDrill Ltd to sell the ultra-deepwater drillship, the West Auriga to Seadrill Partners LLC

Tuesday, 11 Mar 2014 04:38pm EDT

SeaDrill Ltd:Entered into agreement with Seadrill Partners.The company will sell to Seadrill Capricorn Holdings LLC, Seadrill Partners' 51pct owned subsidiary all of the ownership interests in the entities that own and operate the drillship, the West Auriga.

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