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Dec 19 2014 4:00PM
NASDAQ CM
AXAS
3.26 0.27
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Raven Drilling, LLC

In July 2011, Abraxas purchased a used Oilwell 2000 hp diesel electric drilling rig, which was refurbished and mobilized to the Williston Basin to drill Bakken / Three Forks wells using a multi-well pad drilling system.

The rig is owned and operated by Raven Drilling, LLC, a wholly-owned subsidiary of Abraxas. Abraxas hired an experienced rig operator, Tom Coons, who is running the day-to-day operations of the rig and its crew. Mr. Coons has worked for Abraxas as a drilling consultant in the Rocky Mountain region since 1997 and he has drilled numerous wells in various basins throughout his 40 year career in the business.

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