Stoneham Drilling
Encyclopedia
Stoneham Drilling Trust was an income trust headquartered in Calgary
, Alberta
that provided contract drilling
services to oil
and natural gas
exploration
and production companies operating in western Canada
.
Stoneham's rigs are capable of carrying out a variety of drilling
activities, including directional, horizontal, pad drilling, under-balanced drilling and re-entry work. All rigs are engineered to accept top drives. They are designed to perform under extreme weather conditions, because drilling operations run 24 hours a day, seven days a week, 365 days a year.
Calgary
Calgary is a city in the Province of Alberta, Canada. It is located in the south of the province, in an area of foothills and prairie, approximately east of the front ranges of the Canadian Rockies...
, Alberta
Alberta
Alberta is a province of Canada. It had an estimated population of 3.7 million in 2010 making it the most populous of Canada's three prairie provinces...
that provided contract drilling
Drilling
Drilling is a cutting process that uses a drill bit to cut or enlarge a hole in solid materials. The drill bit is a multipoint, end cutting tool...
services to oil
Oil
An oil is any substance that is liquid at ambient temperatures and does not mix with water but may mix with other oils and organic solvents. This general definition includes vegetable oils, volatile essential oils, petrochemical oils, and synthetic oils....
and natural gas
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
exploration
Exploration
Exploration is the act of searching or traveling around a terrain for the purpose of discovery of resources or information. Exploration occurs in all non-sessile animal species, including humans...
and production companies operating in western Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
.
Profile
The company maintained a fleet of nineteen drilling rigs. Emphasis is placed on operational performance and rig utilization. Stoneham began trading on the TSX on January 6, 2005 under the symbol SDG.UN. The Trust pays monthly cash distributions to unitholders. On June 10, 2011 Stoneham was purchased by Western Energy Services Corp .Stoneham's rigs are capable of carrying out a variety of drilling
Drilling
Drilling is a cutting process that uses a drill bit to cut or enlarge a hole in solid materials. The drill bit is a multipoint, end cutting tool...
activities, including directional, horizontal, pad drilling, under-balanced drilling and re-entry work. All rigs are engineered to accept top drives. They are designed to perform under extreme weather conditions, because drilling operations run 24 hours a day, seven days a week, 365 days a year.
See also
- OilOilAn oil is any substance that is liquid at ambient temperatures and does not mix with water but may mix with other oils and organic solvents. This general definition includes vegetable oils, volatile essential oils, petrochemical oils, and synthetic oils....
- GasGasGas is one of the three classical states of matter . Near absolute zero, a substance exists as a solid. As heat is added to this substance it melts into a liquid at its melting point , boils into a gas at its boiling point, and if heated high enough would enter a plasma state in which the electrons...
- Oil wellOil wellAn oil well is a general term for any boring through the earth's surface that is designed to find and acquire petroleum oil hydrocarbons. Usually some natural gas is produced along with the oil. A well that is designed to produce mainly or only gas may be termed a gas well.-History:The earliest...
- DrillingDrillingDrilling is a cutting process that uses a drill bit to cut or enlarge a hole in solid materials. The drill bit is a multipoint, end cutting tool...
- OPECOPECOPEC is an intergovernmental organization of twelve developing countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. OPEC has maintained its headquarters in Vienna since 1965, and hosts regular meetings...
- List of oil-producing states