Article: United States: Arena Resources Announces Addition of Fourth Drilling Rig at Fuhrman-Mascho.

Byline: manish03

Arena Resources, Inc. announced today that it has added a fourth drilling rig, a contract rig, to accelerate the development of its Fuhrman-Mascho ( Fuhrman-Mascho ) assets in Andrews County, Texas. The additional rig is currently drilling its first well. The Fuhrman-Mascho drilling fleet now consists of two Arena owned drilling rigs and two contract rigs.

The Company estimates that the fourth rig will drill 10 wells by year-end, which would result in a total of 175 Fuhrman-Mascho wells drilled in 2009. The current drilling well count for 2009 is 124 wells. Management now estimates that the current 2009 capital expenditure budget of ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!