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Home » Topics » Drilling Industry News

Drilling Industry News
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Pump Market to Reach $49 Billion by 2016

July 18, 2006
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The world market for pumps will grow from just under $30 billion this year to $49 billion per year by 2016.
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Tropical Ice Cores Show Abrupt Global Climate Shift

July 18, 2006
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For the first time, glaciologists have compared sets of ancient climate records trapped in ice cores from the Andes and the Himalayas to paint a picture of how climate has changed - and is changing - in the tropics. Their conclusions mark a climate shift to a much warmer world within the last 50 years.
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Franklin Electric Announces New General Sales Policy

July 18, 2006
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Franklin Electric Co. has announced that, effective January 1, 2007, its new general sales policy will be to sell all of its products only on a direct basis to wholesale water systems distributors.
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Earthquakes Increase Ground Water Flow

July 18, 2006
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Researchers have established that the shaking from seismic activity increases the permeability of rock to ground water and other fluids.
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Sandvik Acquires Surface Drill Rig Company

July 1, 2006
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Sandvik AB has bought UDR Group from Major Drilling Group International Inc., Canada, for about $34 million. Australian-based UDR Group is a manufacturer of surface mineral drill rigs.
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Terex Stock Split

July 1, 2006
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Terex Corp.'s board of directors recently authorized a two-for-one split of the company's common stock. The company anticipates that the additional shares resulting from the split will be issued on or about July 14.
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Study: Small Water Systems Need Help

July 1, 2006
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Despite gains by states and the U.S. Environmental Protection Agency (EPA) in recent years to help small water systems strengthen their capacity to meet federal drinking water regulations, more effort and resources are needed, concludes an internal agency report.
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Preferred Acquires Distributor

July 1, 2006
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Preferred Pump & Equipment recently acquired Waterways Distribution in Chico, Calif. Waterways, founded by Jim Love, sells line-shaft turbine pumps, motors, controls and all associated supplies for the irrigation industry.
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Huge Hydroelectric Dam

July 1, 2006
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China recently blew up the protective cofferdam that was used as a temporary structure while the Three Gorges Dam, the largest hydroelectric dam in the world, was being built.
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Drilling Equipment Auction Draws Crowd

July 1, 2006
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More than 500 registered on-site bidders, along with 27 on-line bidders, gathered to bid for one of New England's largest water well drilling outfits May 10 in North Smithfield, R.I.
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