Grey Wolf, New Patriot Drilling merge in $51 million deal
Ray Tyson Petroleum News Houston correspondent
Contract land driller Grey Wolf of Houston, Texas, has agreed to acquire Wyoming’s New Patriot Drilling for about $51 million in cash, stock and assumed debt, Grey Wolf said March 8.
The merger would give Grey Wolf an additional 10 rigs for a total of 127. Eight of the Patriot rigs are currently wo....
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