Former type Public Industry Oil and Gasoline Headquarters Calgary, Canada Number of employees 179 Parent organization Western Energy Services | Traded as TSX: SDG.UN Defunct 2011 Founded 2000, Calgary, Canada Ceased operations June 10, 2011 | |
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Fate Acquired by Western Energy Services Corp. Key people Bruce Jones, President & CEO, Jack Smart, CFO Subsidiaries Stoneham Drilling Limited Partnership, Stoneham Drilling Corporation, Stoneham Drilling Inc. | ||
Stoneham drilling
Stoneham Drilling Trust, was an income trust headquartered in Calgary, Alberta that provided contract drilling services to oil and natural gas exploration and production companies operating in western Canada.
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Profile
The company maintained a fleet of nineteen drilling rigs. Emphasis is placed on operational performance and rig utilization. Stoneham began trading on the TSX on January 6, 2005 under the symbol SDG.UN. The Trust pays monthly cash distributions to unitholders. On June 10, 2011 Stoneham was purchased by Western Energy Services Corp (TSX-V: WRG).
Stoneham's rigs are capable of carrying out a variety of drilling activities, including directional, horizontal, pad drilling, under-balanced drilling and re-entry work. All rigs are engineered to accept top drives. They are designed to perform under extreme weather conditions, because drilling operations run 24 hours a day, seven days a week, 365 days a year.