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Posted on 08 December 2009

Stahl replaces Crowley as Precision president of drilling operations

Precision Drilling Trust announced that David Crowley will be leaving Precision to pursue other interests. Effective immediately, Gene Stahl, currently president of Canadian operations, will become president of drilling operations.

“David held a key role as president of Precision’s US operations through the challenges of both integration and a uniquely difficult market. His leadership and efforts to facilitate a successful transition for Precision and Grey Wolf have been greatly appreciated. We wish David the very best,” said Kevin Neveu, CEO and president of Precision Drilling Corp.

Fears to retire from H&P

Helmerich & Payne executive vice president and chief financial officer Douglas E Fears announced this week his plans to retire on 30 April 2010, after nearly 24 years of service with H&P. He will be replaced by Juan Pablo Tardio, director of investor relations.

Mr Fears began his career with H&P in 1986 as an internal auditor. In 1988, he was elected vice president and chief financial officer and was promoted to executive vice president in 2008.

Mr Tardio began his H&P career in 2001 and took responsibility for investor relations in 2005. He was promoted to director of investor relations in January 2008. He is a graduate of the University of Houston with a Bachelor of Science degree in industrial engineering, as well as a Master of Business Administration.

Hans Helmerich, CEO and president, commented: “We would like to thank Doug for his nearly 24 years of outstanding service. His integrity and professionalism have served the company well. Doug’s many contributions over the years have been a significant part of the company’s success, and he will be missed. He has developed an organization of qualified, key managers, including his successor. Juan Pablo Tardio is well prepared to step into this important role and brings strong analytical and critical thinking skills to his new position. We look forward to a smooth transition.”

JIM 20 roughneck to be delivered for Exxon Sakhalin rig

Parker Drilling will install a JIM 20 Multi Purpose Roughneck on a new Exxon rig built for the Sakhalin field. The roughneck will be provided by Norway-based TTS Sense, which is also providing drilling control systems and a mud equipment package.

The JIM 20 is a four-in-one machine: regular roughneck, casing roughneck, mud bucket and dope robot. It can handle a wide range of sizes, from small drill pipe to 20-in. casing. Available torque is 185,000 ft-lbs, and the machine can support a 15-ton stand. Delivery is scheduled for November 2010.

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