10:33 AM EST - Xtreme Drilling Corp. : Recently finalized 18-month term contracts for the remaining two 850XE drilling rigs. Both rigs will work for the same customer in the Utica play of the Appalachian Basin. It is anticipated these two rigs will commence operations in the mid- and late-fourth quarter of 2017, respectively. The operator is a leading Utica E&P Company with multiple rigs under contract and a significant backlog of wells to be drilled. Xtreme Drilling Corp.
shares T.XDC are trading down $0.04 at $2.02.
