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DI INDUSTRIES ANNOUNCES THAT IT HAS ACQUIRED EIGHT ADDITIONAL DRILLING RIGS WHICH BRINGS ITS RIG FLEET TO 108 RIGS

 DI INDUSTRIES ANNOUNCES THAT IT HAS ACQUIRED EIGHT ADDITIONAL
 DRILLING RIGS WHICH BRINGS ITS RIG FLEET TO 108 RIGS
 HOUSTON, Dec. 11 /PRNewswire/ -- DI Industries, Inc., (AMEX: DRL) announced today that it has acquired eight additional oil and gas drilling rigs for the company's eastern division, Cubby Drilling, Inc., in Ohio.
 The acquired drilling rigs have depth capabilities of 3,000 feet to 8,000 feet.
 Max M. Dillard, president, stated, "The opportunities for equipment acquisitions continue at very attractive prices for those firms who have the staying power to wait this recession out. Many contractors are selling at auction and reducing the number of competitive companies to share the market. This could help DI Industries in 1992."
 DI Industries, Inc. is engaged in onshore contract drilling and well workover services in the oil and gas industry, oil and gas exploration and equipment sales.
 -0- 12/11/91
 /CONTACT: David J. Cone of DI Industries, 713-874-0202/
 (DRL) CO: DI Industries, Inc. ST: Texas IN: OIL SU: TNM


CK -- NY062 -- 1538 12/11/91 14:28 EST
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Publication:PR Newswire
Date:Dec 11, 1991
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