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Article: Oklahoma-based Bronco Drilling sells 60-pct interest in subsidiary to Carso
- Article from:
- THE JOURNAL RECORD
- Article date:
- September 22, 2009
CopyrightCopyright 2009 THE JOURNAL RECORD. Provided by ProQuest LLC. (Hide copyright information)
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Bronco Drilling has agreed to sell a 60-percent interest in a
subsidiary, Bronco Drilling MX S. de R.L. de C.V., to Carso
Infraestructura y Construccion, a publicly held Mexican company.
The sale was included in a joint venture to provide oil and gas
drilling and workover services in Mexico and Latin America through
the subsidiary. The interest in the subsidiary was sold for $30
million.
In Nasdaq trading Monday, Bronco Drilling closed at $5.92, up 6
cents, or 1.02 percent. The 52-week-range is $12.60 and $3.34.
The assets of Bronco MX include six drilling rigs, ancillary
equipment and profits to two current drilling contracts with Pemex,
all of which were contributed to Bronco MX by ...