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BRIEF-Xtreme Drilling finalizes 18-month term contracts for remaining two 850XE drilling rigs

Published 2017-07-05, 05:38 p/m
© Reuters.  BRIEF-Xtreme Drilling finalizes 18-month term contracts for remaining two 850XE drilling rigs
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July 5 (Reuters) - Xtreme Drilling Corp XDC.TO -

* Xtreme Drilling Corp - Xtreme recently finalized 18-month term contracts for remaining two 850XE drilling rigs

* Xtreme Drilling Corp - for Q2 of 2017, total utilization for available 18-rig fleet was 42%, compared with a utilization rate of 36% for prior quarter

* Xtreme Drilling Corp - it is anticipated these two rigs will commence operations in mid- and late-q4 of 2017, respectively Source text for Eikon: ID:nGNXNYUGWa Further company coverage: XDC.TO

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