Aldrilco & Trident to Combine Operations.CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , Alberta--(BUSINESS WIRE)--July 23, 1998--In a joint release today by the principals of Aldrilco Inc. and Trident Drilling Inc., both of Calgary, Alberta, it was announced that the two companies would be combining their business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . The enterprise will be carried on under the Aldrilco name, in the business of oil and gas well drilling Well drilling is the process of drilling a hole in the ground for the extraction of a natural resource such as ground water, natural gas, or petroleum. Drilling for the exploration of the nature of the material underground (for instance in search of metallic ore) is best described contracting. The company will operate eight drilling rigs; five 2600m double derrick derrick: see crane. Derrick famous hangman; eponym of modern hoisting apparatus. [Br. Hist.: Espy, 170] See : Execution rigs, one 2200m double derrick rig and two 1200m single derrick top drive rigs. Alex T. Lemmens, president of the Company, in making the announcement said, "The combined Company will provide a high level of service to the oil and gas industry through the efforts of its dedicated personnel, the provision of current technology and highly efficient drilling equipment. The rigs are designed for and have successfully completed numerous medium depth natural gas, horizontal re-entry RE-ENTRY, estates. The resuming or retaking possession of land which the party lately had. 2. Ground rent deeds and leases frequently contain a clause authorizing the landlord to reenter on the non-payment of rent, or the breach of some covenant, when the and surface hole drilling projects."
CONTACT: Aldrilco Inc.
Alex T.Lemmens, 403/274-3524
or
Wayne Wasmann, 403/274-3524
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