Published:
Innova Adds to Rig Count, Takes Delivery of RD-10 Drilling Rig
HOUSTON, March 6 /PRNewswire/ -- Innova, with the acquisition of its
newest rig, an Ingersoll-Rand RD-10 / RD-20, in November 2007, is now poised
to meet the increased demand of drilling equipment brought on by the
ever-increasing oil prices.
Innova's RD-10 was acquired from East and West Drilling, a top
Pennsylvania-based manufacturer and fabricator of drilling rigs and oil field
related equipment.
Originally manufactured by Ingersoll-Rand, a predominant manufacturer of
equipment, the RD-10, which was completely refurbished, is a highly durable
and dependable rig with great operational ease.
"With oil prices reaching an all-time high of over $100 a barrel, there is
a growing need for drilling rigs," says Clement Chad, Chief Executive Officer
of Innova Leasing. This need for additional drilling rigs and support
equipment enhances Innova's strategy to locate and acquire older rigs and have
them totally remanufactured, refurbished and ready to deploy under very
attractive lease terms for drillers.
Mr. Chad further states that along with the RD-10 purchase, Innova has
acquired support equipment ranging from a winch truck to trailers, dozers and
other equipment, enabling its lessee to be equipped to carry out site
preparation in addition to the actual drilling of the well.
Innova's management team has extensive industry knowledge in drilling,
exploration and equipment leasing to the energy sector.
For more information, contact:
John Richards
(213) 201-5960
This release was issued through eReleases(TM). For more information,
visit http://www.ereleases.com.
SOURCE Innova Leasing & Management
Copyright © 2009, PRNewswire
Copyright © 2009, NewsBlaze,
Daily NewsTags: ,FIN,MAC,OIL,PDT,TX-Innova-RD-10-Rig
Search News
Daily News
