Stoneham Drilling

Stoneham Drilling Trust (TSX: SDG.UN), is an income trust headquartered in Calgary, Alberta that provides contract drilling services to oil and natural gas exploration and production companies operating in western Canada.

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Profile

Stoneham Drilling Trust (TSX: SDG.UN), is an income trust headquartered in Calgary, Alberta that provides contract drilling services to oil and natural gas exploration and production companies operating in western Canada. The company maintains a fleet of ten drilling rigs and seven additional rigs currently under construction. 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.

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.

Corporate governance

Current members of the board of directors of Stoneham Drilling Trust are: Martin G. Abbott, Donald D. Copeland, D. Grant Gunderson, Bruce W. Jones, and Kenneth D. Poffenroth.

See also

• Oil
• Gas
• Oil well
• Drilling
• OPEC
• List of oil-producing states