Citadel Drilling Ltd.

Citadel Drilling Ltd.

March 30, 2016 12:00 ET

Citadel Drilling Ltd. ("Citadel") Supports and Endorses the Oil Respect Campaign

CALGARY, ALBERTA--(Marketwired - March 30, 2016) - Citadel is writing to officially pledge our support for the Oil Respect campaign launched by the Canadian Association of Oilwell Drilling Contactors ("CAODC").

"It is imperative that more fact-based discussions start occurring about oil and gas development," declared Dan Hoffarth, CEO of Citadel. "We have had to lay off talented, valuable and respected employees because our industry is in a state of crisis. Those of us still employed have experienced significant wage reductions and are deeply concerned for our collective futures. We are now asking our employees, past and present, to support Oil Respect by signing the petitions demanding recognition of the importance of the industry. Canada needs new pipelines to be built so that we can compete on a level playing field with access to tidewater; and refrain from importing oil from other countries when we have enormous oil and gas reserves in our own backyard, where it is extracted under the most regulated and best environmental framework practices of the major oil producing nations."

Oil Respect is about standing up for hardworking oil and gas families and businesses who are struggling. It's about respecting the facts, the workers, and the contributions this industry makes to Canadians.

Oil Respect will fight the misinformation spread by foreign celebrities, radical environmentalists and grandstanding politicians at a time when tens of thousands of people are without work and without hope for an immediate recovery. It will demand action by federal and provincial governments on pipelines, the safest and most effective way to transport oil and gas products.

Oil Respect is a national campaign to allow regular Canadians to share their personal stories and to demand respect for their industry.

About Citadel Drilling

We are a private company that is service-focused and caters to our clients' needs with a fleet of modern, technically advanced AC triple (TA²CT) drilling rigs designed to optimize efficiencies and reduce expensive downtime and labor costs. Additional information related to Citadel Drilling is available at www.citadeldrilling.com.

Contact Information

  • Citadel Drilling Ltd.
    Dan Hoffarth
    CEO
    403-719-7724

    Citadel Drilling Ltd.
    Corey Zahn
    CFO
    403-719-7724