Boots & Coots Buys Wyoming Snubbing Company.HOUSTON -- Boots & Coots COOTS Conference on Object-Oriented Technologies and Systems International Well Control, Inc. (Amex:WEL wel: see catfish. ) announced today that it has purchased StassCo Pressure Control LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control in Rock Springs, Wyoming Rock Springs is a city in Sweetwater County, Wyoming, United States. The population was 18,708 at the 2000 census. Rock Springs is the principal city of the Rock Springs micropolitan statistical area with a population of 37,975. , for approximately $10 million in cash. StassCo operates four hydraulic rig assist units in the Rockies' Cheyenne basin. "Presence in the Rockies is a key to our strategy to expand North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. land operations into prolific gas producing areas," said Jerry Winchester, president and chief executive officer. "Activity levels for snubbing services have been consistently high in the region. StassCo's outstanding reputation provides us with a strategic presence for significant growth in 2008 and beyond. In addition to realizing strong utilization rates on our hydraulic units, we expect to have pull-through opportunities for our other services. Traditionally that has been our experience once we establish a presence in a new market." Wyoming is one of the ten largest domestic producers of natural gas. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Energy Information Administration, from 2000 to 2005 Wyoming grew from 9,900 to more than 23,000 producing and gas condensate condensate, matter in the form of a gas of atoms, molecules, or elementary particles that have been so chilled that their motion is virtually halted and as a consequence they lose their separate identities and merge into a single entity. wells. The advancement of underbalanced drilling ''This article refers to the procedure in oil drilling. For University of Brunei Darussalam, a university in Brunei, please refer to Universiti Brunei Darussalam Underbalanced drilling techniques and well completion methods are driving growth in unconventional drilling plays in the Rockies, increasing demand for hydraulic workover/snubbing services. About Boots & Coots Boots & Coots International Well Control, Inc., Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the , provides a suite of integrated pressure control services to onshore and offshore oil and gas exploration companies around the world. Boots & Coots' Well Intervention A well intervention, or 'well work', is an activity involving maintenance, modification, repair or completion of an oil or gas well. Types of well work Pumping
Forward-Looking Statements Statements made in this press release that are not historical facts are forward-looking statements based on current expectations, assumptions, estimates and projections. These forward-looking statements are subject to risks and uncertainties that could cause actual future events or results to differ materially from such statements. These forward-looking statements include, without limitation, anticipated uses of proceeds from the offering. Actual results could differ materially from those expressed or implied by these forward-looking statements as a result of various factors, including, but not limited to, the various risks described in the "Risk Factors" section and elsewhere in the registration statement on Form S-3 that the Company has filed with the Securities and Exchange Commission related to this offering. Boots & Coots undertakes no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future. |
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