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Tag Archives: drilling

Joy Global completes acquisition of LeTourneau

VICKSBURG — Joy Global’s acquisition of LeTourneau Technologies is completed and officials say plans are being developed for the Vicksburg operation. Joy Global spokesman Mark Sanders tells the Vicksburg Post that the company expects to grow business in Vicksburg. Sanders says it is less certain whether the yard will continue to build rigs. He says the employees will manufacture rig ...

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Gulf moratorium is over but drilling has to wait

NEW ORLEANS – A day after the end of the federal moratorium on deepwater drilling, the Gulf oil industry was a mix of furious activity and tortured waiting around. Companies that are helping the industry meet new regulations are scrambling to keep up with increased business while oil-rig workers must remain idle until the new requirements are met. Industry officials ...

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Drilling ban lifted; uncertainties still face Gulf

WASHINGTON, D.C. – Deep water oil drills quieted by a six-month moratorium will again hum off the Gulf Coast, helping an industry that, despite its dangers, puts needed money in the pockets of thousands along the Gulf Coast. What’s less certain is just how soon the jobs on hold because of the six-month ban will come back to a region ...

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Forbes Energy settles with Pennsylvania DEP

ALICE, Texas — Forbes Energy Services Ltd. has signing of a settlement agreement with Pennsylvania’s Department of Environmental Protection (DEP) regarding the previously announced gas release incident that occurred June 3. As a result of the settlement, Forbes’ two workover rigs in Pennsylvania may now return to full service. John Crisp, Forbes Energy’s president and CEO, said, “We’re pleased to ...

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Osyka completes oil well drilling

JONES COUNTY — Osyka Corporation, a Houston-based energy company, has successfully completed its recently drilled well located in the West Laurel area of Jones County. The well, which was completed June 14, 2010, has an average initial flowing rate of 82 barrels of oil per day and 500 MCFD of natural gas after a hydraulic frac. Osyka Corporation, through its ...

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