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Oil & Gas

Rowan lands $175 million in rig contracts

September 12, 2008
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The Associated Press reports that Rowan has received contracts to provide EnCana Corporation with four land rigs used in drilling for natural gas. The Houston-based company also said it is building two other land rigs that received three-year contracts. The contracts for the six rigs will deliver a combined $175 million in drilling revenue. Rowan, which provides contract drilling services to the gas industry, said the first rig will be delivered to EnCana in May, with the remainder being delivered every three months thereafter.

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