August 28, 2014 5:58 AM ET

Energy Equipment and Services

Company Overview of Union Drilling, Inc.

Company Overview

Union Drilling, Inc. provides contract land drilling services and equipment primarily to independent oil and natural gas producers in the United States. It offers drilling rigs, as well as the drilling crews and ancillary equipment to operate its drilling rigs. The company provides drilling services to customers engages in developing oil and natural gas bearing formations. It has principal operations in the Appalachian Basin; the Arkoma Basin in eastern Oklahoma and Arkansas; and the Fort Worth Basin in northern Texas. As of May 2, 2012, Union Drilling, Inc. owned a fleet of 50 drilling rigs. The company was founded in 1997 and is headquartered in Fort Worth, Texas. As of November 5, 2012, U...

4055 International Plaza

Suite 610

Fort Worth, TX 76109

United States

Founded in 1997

1,300 Employees

Phone:

817-735-8793

Fax:

817-546-4368

Key Executives for Union Drilling, Inc.

Chief Executive Officer
Age: 55
Chief Financial Officer
Age: 43
Senior Vice President and General Counsel
Age: 52
Director of Environmental Health and Safety
Vice President and Secretary
Compensation as of Fiscal Year 2014.

Union Drilling, Inc. Key Developments

Union Drilling, Inc. Announces Board Changes; Announces Amendments to Certificate of Incorporation and Bylaws

Union Drilling, Inc. announced it became a direct, wholly owned subsidiary of Sidewinder Drilling Inc., as a result of the merger of Fastball Acquisition Inc. and a wholly owned subsidiary of Sidewinder, with and into the company. In connection with the merger and as contemplated by the merger agreement, each member of the company's board of directors prior to the merger voluntarily resigned from the company's board of directors effective as of the effective time. Pursuant to the terms of the merger agreement, on November 5, 2012, each of Mr. Jeffrey P. Gunst, Mr. Trevor M. Turbidy and Mr. John C. Cole became a member of the company's board of directors as of the effective time. The company also announced pursuant to the merger agreement, as of the effective time, the company's certificate of incorporation in effect immediately prior to the effective time was amended and restated to be in the form of the certificate of incorporation set forth as Exhibit A to the merger agreement. In addition, as of the effective time, the company's bylaws in effect immediately prior to the effective time were amended and restated to be identical to the bylaws of Sidewinder, as in effect immediately prior to the effective time, except that the name of the company set forth therein is Union Drilling, Inc.

Union Drilling, Inc.(NasdaqGS:UDRL) dropped from NASDAQ Composite Index

Union Drilling, Inc. will be removed from NASDAQ Composite Index

Law office of Brodsky & Smith, LLC Announces Class Action Lawsuit against Union Drilling, Inc

Law office of Brodsky & Smith, LLC announced that it has filed a class action lawsuit against the Board of Directors of Union Drilling, Inc. relating to the proposed acquisition by Sidewinder Drilling, Inc. Under the terms of the transaction, Union Drilling shareholders will receive only $6.50 in cash for each share of Union Drilling stock they own. The class action lawsuit alleges breaches of fiduciary duty, conflicts of interest, and various deal protections which would prevent a superior offer. The transaction may undervalue the Company and result in a substantial loss for many Union Drilling shareholders.

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Recent Private Companies Transactions

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Date
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