We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Dril Quip Inc | NYSE:DRQ | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.31 | 1.67% | 18.85 | 19.105 | 18.3893 | 18.87 | 115,008 | 18:50:24 |
Blake DeBerry, Dril-Quip’s President and Chief Executive Officer, remarked, “We are excited to receive another Spotlight on New Technology Award from OTC. The VXTe™ system is a simple, robust and elegant answer to the industry’s subsea tree challenges. The system reduces installation times by eliminating tubing head installation, removing steps for aligning and running traditional tubing hangers, eliminating lead-impression measurement trips, and giving the option of running the tubing hanger and completing the well during the drilling phase. These benefits can eliminate a blowout preventer installation and removal sequence, which is currently a costly step while drilling an offshore well. By streamlining the installation process and avoiding the cost of the tubing head spool and associated parts, the VXTe™ system can significantly reduce overall project development costs. In this uncertain market, we are pleased to leverage our engineering expertise to provide operators with technologically innovative products that can result in structural cost savings.”
About Dril-Quip
Dril-Quip is a leading manufacturer of highly engineered drilling and production equipment for use onshore and offshore, which is particularly well suited for use in deep water, harsh environments and severe service applications.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the performance and benefits of the Company’s products. Forward-looking statements are based upon certain assumptions and analyses made by the Company in light of its experience and other factors. These statements are subject to risks beyond the Company's control, including, but not limited to, operating risks and other factors detailed in the Company's public filings with the Securities and Exchange Commission. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual outcomes may vary materially from those indicated.
Investor Relations Contact
Blake Holcomb, Director of Investor Relations and Corporate Planning(713) 939-7711Blake_Holcomb@dril-quip.com
1 Year Dril Quip Chart |
1 Month Dril Quip Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions