Website: N/A
Stock Symbol: NASDAQ: UDRL
Market Value: N/A (in millions)
We provide contract land drilling services and equipment, primarily to natural
gas producers in the United States. In addition to our drilling rigs, we provide
the drilling crews and most of the ancillary equipment needed to operate our
drilling rigs. We commenced operations in 1997 with 12 drilling rigs and related
equipment acquired from an entity providing contract drilling services under the
name “Union Drilling.” Through a combination of acquisitions and new rig
construction, we have increased the size of our fleet to 71 marketed land
drilling rigs. We presently focus our operations in selected natural gas
production regions in the United States. We do not invest in oil and natural gas
properties. The drilling activity of our customers is highly dependent on many
factors, including the market price of oil and natural gas, available capital,
available drilling resources, support services and market availability. These
factors should not be considered an exhaustive list.