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Petrotech Oil and Gas, Joint Venture With Rolling Hills Oil and Gas North Dakota Has Obtained the First Contract With a Multibillion Dollar Industry Giant to Provide Completion Rigs
Petrotech Oil and Gas, Joint Venture With Rolling Hills Oil and Gas North Dakota Has Obtained the First Contract With a Multibillion Dollar Industry Giant to Provide Completion Rigs.
About this update from Petrotech Oil & Gas Inc
[{"type":"text","content":"\n\n\n\nPetrotech Oil and Gas, Joint Venture With Rolling Hills Oil and Gas North Dakota Has Obtained the First Contract With a Multibillion Dollar Industry Giant to Provide Completion Rigs\n\n\n\n\n\nPetrotech Oil and Gas, Joint Venture With Rolling Hills Oil and Gas North Dakota Has Obtained the First Contract With a Multibillion Dollar Industry Giant to Provide Completion Rigs\nPR Newswire\nBEDFORD, Texas, November 18, 2013\n\n\n\nBEDFORD, Texas, November 18, 2013 /PRNewswire/ --\n\nPetroTech Oil and Gas Inc. (OTC: PTOG) (the \"Company\" or Petrotech\"), PetroTech 's joint venture with Rolling Hills announced this afternoon that Rolling Hills has obtained the first executed contract to provide completion rigs with Halcon Resources, a multibillion-dollar industry leader in the Bakken Shale play, and other major areas of the US. The contract will provide for one-year probation period and will generate $20,000.00 a day per rig, plus additional charges for additional services.\n\n\"We believe that once both rigs are manufactured and working full time per 24 hour period, the two rigs could generate over $640,000.00 per month.\" Said Eddie Schilb president of Petro Tech Oil and Gas, \" The contracts require two stages and execution of the two contracts for completion, but we have completed the first part and are confident in completing the balance\" he added, we will keep our shareholders up to date once everything is done.\n\nAbout Continental Resources:\n\nContinental Resources, Inc. (NYSE: CLR), based in Oklahoma City, is focused on the exploration and production of onshore oil-prone plays and is a Top 10 independent oil producer in the United States.  The Company has a long and successful history of developing its industry-leading leasehold and production in the nation's premier oil play, the Bakken of North Dakota and Montana, as well as significant positions in Oklahoma in its recently discovered SCOOP play and the Northwest Cana play.  In 2013, the Company will celebrate 46 years of operation. \n\nAbout Halcon Resources:\n\nHalcón Resources Corporation (Halcón) (NYSE:HK) is an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich assets in the United States. While Halcón is a new venture, we operate on a proven strategy used in pri...