Printer Friendly

DI INDUSTRIES, INC. ENLARGES FLEET IN ARGENTINA

 HOUSTON, Jan. 27 /PRNewswire/ -- DI Industries, Inc. (AMEX: DRL) announced its successful purchase of two drilling rigs from the state- owned oil company, YPF, at its Jan. 25, 1993 bid opening. This will bring DI's fleet in Argentina to four drilling rigs.
 Max Dillard, president, says, "It reaffirms DI's commitment to expand its operations in the Argentina market. With future pipeline completions from Argentina oilfields into Chili and Brazil, we feel the oil and gas activity will greatly accelerate in late 1993 and thereafter. DI recently announced a one-rig operation in geothermal work in Guatemala. This is the result of a two-year marketing effort in Central and South America."
 DI Industries, Inc., headquartered in Houston, is a holding company whose subsidiaries are engaged primarily in the businesses of providing onshore contract drilling and workover services to firms in the oil and gas industry, commercial drilling, oil and gas exploration, development and production and equipment repair services and sales.
 -0- 1/27/93
 /CONTACT: David J. Cone, financial vice president, of DI Industries, Inc., 713-874-0202/
 (DRL)


CO: DI Industries Inc. ST: Texas IN: OIL SU:

LR -- NY042 -- 9532 01/27/93 10:29 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 27, 1993
Words:193
Previous Article:PUBLIC COMPANIES BRACE FOR NEW AND CHALLENGING QUESTIONS FROM STOCKHOLDERS AT ANNUAL MEETINGS
Next Article:SUBURBAN BANCORP VOTES 25 PERCENT DIVIDEND INCREASE
Topics:


Related Articles
DI INDUSTRIES ANNOUNCES THE SUCCESSFUL DRILLING OF ITS SECOND COALBED METHANE GAS WELL
DI INDUSTRIES ANNOUNCES THIRD QUARTER RESULTS
DI INDUSTRIES, INC. ANNOUNCES SECOND QUARTER RESULTS
DI INDUSTRIES, INC. ANNOUNCES A NET INCOME FOR ITS FIRST QUARTER
PRIDE PETROLEUM SERVICES COMPLETES ACQUISITION OF WORKOVER COMPANY IN ARGENTINA
DI INDUSTRIES, INC. ANNOUNCES UNAUDITED FISCAL YEAR END RESULTS
DI INDUSTRIES, INC. MANAGEMENT PREDICTING STRONG 1995 EARNINGS
PRIDE PETROLEUM SERVICES TO ACQUIRE SEVEN DRILLING RIGS IN ARGENTINA
DI INDUSTRIES, INC. ANNOUNCES AWARD OF CONTRACTS IN VENEZUELA
DI INDUSTRIES, INC. ANNOUNCES SIGNING OF DEFINITIVE MERGER AGREEMENTS FOR EQUITY INFUSION AND ACQUISITION OF ULTRA HEAVY RIG EQUIPMENT

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters