Miller Energy Resources, Inc. (MILL) Reports on New Drilling Rig for Alaska Operations
Miller Energy Resources, Inc. announced that a new drilling rig the company had under order has been completed and will be soon be delivered to the company’s properties in Alaska. Drilling Rig 35, which was built by Voorhees Equipment and Consulting Inc., is designed for both onshore and offshore drilling activity. Miller Energy Resources said that the drilling rig will be set up at the Osprey platform located in the Cook Inlet area of Alaska. The 2,000 horsepower drilling rig cost Miller Energy Resources $19.5 million. The company recently made a final payment of $5.77 million to Voorhees Equipment and…