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Welcome to Union Drilling, Inc. Investor Relations.

Union Drilling, Inc., is a land drilling services and equipment contractor company headquartered in Ft. Worth, Texas. UDI has primarily provided these services to natural gas producers in the U.S. Since commencing operations in 1997, we have increased the size of our fleet to 71 marketed land drilling rigs, through a combination of acquisitions and new rig construction.

Our operations are focused in the Appalachian Basin, extending from New York to Tennessee, the Arkoma Basin in Oklahoma and Arkansas and the Fort Worth Basin in Texas. These basins are generally characterized by unconventional natural gas formations with very low permeability rock, such as tight sands and shales, and coal seams with coalbed methane (CBM) deposits. According to the Energy Information Administration (EIA), unconventional natural gas production has recently become the largest source of onshore U.S. natural gas supply. The EIA projects that unconventional production will continue to increase through 2025, while conventional production will decrease over the same period. If this projection proves to be accurate, the demand for drilling rigs capable of performing drilling services required to develop unconventional natural gas reserves could increase significantly.

Substantially all of our rigs operate in unconventional natural gas producing areas, where specialized drilling techniques, such as horizontal drilling and underbalanced drilling, are required to develop unconventional natural gas resources efficiently. Horizontal drilling is a specialized drilling technique intended to increase the exposure of the wellbore to the natural gas producing formation and increase drainage rates and production volumes. Underbalanced drilling utilizes rigs equipped with air compression systems which results in higher penetration rates through hard rock formations when compared to traditional fluid-based circulation systems. To address rising demand from our customers for rigs that are capable of providing horizontal and underbalanced drilling services, we have increased our fleet of rigs capable of serving these markets through acquisitions and new rig construction.

News

Jul 6, 2010
Union Drilling Announces 2010 Second Quarter Earnings Release and Conference Call Schedule

May 4, 2010
Union Drilling Reports 2010 First Quarter Results

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Events

Aug 5, 2010
Union Drilling Second Quarter 2010 Earnings Conference Call

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