This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Petrotech Oil And Gas, Joint Venture With Rolling Hills Oil And Gas North Dakota Has Obtained The First Contract With A Multibillion Dollar Industry Giant To Provide Completion Rigs

BEDFORD, Texas, November 18, 2013 /PRNewswire/ --

PetroTech Oil and Gas Inc. (OTC: PTOG) (the "Company" or Petrotech"), PetroTech 's joint venture with Rolling Hills announced this afternoon that Rolling Hills has obtained the first executed contract to provide completion rigs with Halcon Resources, a multibillion-dollar industry leader in the Bakken Shale play, and other major areas of the US. The contract will provide for one-year probation period and will generate $20,000.00 a day per rig, plus additional charges for additional services.

"We believe that once both rigs are manufactured and working full time per 24 hour period, the two rigs could generate over $640,000.00 per month." Said Eddie Schilb president of Petro Tech Oil and Gas, " The contracts require two stages and execution of the two contracts for completion, but we have completed the first part and are confident in completing the balance" he added, we will keep our shareholders up to date once everything is done.

About Continental Resources:

Continental Resources, Inc. (NYSE: CLR), based in Oklahoma City, is focused on the exploration and production of onshore oil-prone plays and is a Top 10 independent oil producer in the United States.  The Company has a long and successful history of developing its industry-leading leasehold and production in the nation's premier oil play, the Bakken of North Dakota and Montana, as well as significant positions in Oklahoma in its recently discovered SCOOP play and the Northwest Cana play.  In 2013, the Company will celebrate 46 years of operation. 

About Halcon Resources:

Halcón Resources Corporation (Halcón) (NYSE:HK) is an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich assets in the United States. While Halcón is a new venture, we operate on a proven strategy used in prior, successful ventures. We have an experienced staff and use the most advanced technology, enabling us to make informed and effective business decisions. Spanish for hawk, Halcón embraces the vision and agility to become a resource powerhouse in the oil and gas industry.

About Rolling Hills Oil and Gas LLC;

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,662.12 -21.46 -0.12%
S&P 500 2,069.34 +0.58 0.03%
NASDAQ 4,969.0910 -22.8490 -0.46%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs