Pioneer Drilling to acquire five land rigs for $7.2M
Ray Tyson
Pioneer Drilling has signed an agreement to acquire a fleet of five drilling rigs and related equipment from Allen Drilling for $7.2 million in cash, Pioneer said Dec. 1.
The rigs range from 550 to 800 horsepower and are capable of drilling to depths of 6,000 to 10,000 feet. Dixon Allen, president o....
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