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Xtreme Drilling Idles Canadian Rigs
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Xtreme Drilling and Coil Services has provided a second quarter operations update along with an announcement of the date for the second quarter 2015 earnings release and conference call as well as recent officer promotions.
Second Quarter Update For the second quarter of 2015, Xtreme had total operating days of 1,451 which resulted in a utilization rate of 57% for the fleet of 21 XDR drilling rigs and 9 XSR coiled tubing units. The Drilling Segment achieved utilization of 56% on 1,072 operating days. This was comprised of a 61% utilization rate for the 16 rig United States XDR fleet and 99% for the two rig India operation. Overall, the US XDR rigs had 891 operating days as compared to 1,124 in the prior quarter. The two XDR drilling rigs in India operated for 181 days during the second…- ✓ Full news archive — U.S., Canada & international coverage
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