BNET Industries

Market Cap:$146.5M
Last Fiscal Year Sales:$302.7M
  • Public
  • US
Dow Jones Description

Union Drilling, Inc. (Union Drilling, Company or we) provides contract land drilling services and equipment, primarily to natural gas producers. We presently focus our operations in selected natural gas production regions in the United States, primarily the Appalachian and Arkoma Basins, as well as the Fort Worth Basins Barnett Shale formation. In addition to our drilling rigs, we provide the drilling crews and most of the ancillary equipment needed to operate our drilling rigs. We do not invest in oil and natural gas properties.

Vice President, Chief Financial Officer and Secretary
Dan E. Steigerwald
Number of Employees 1,140
Contact Information

S Pittsburgh Tech Pk 3117 Washington Pike

Bridgeville, Pennsylvania 15017

uniondrilling.c...

1 817 735 8793

NAICS Code Drilling Oil and Gas Wells: 213111

Recent Events

  • Fort Worth-based Union Drilling posts a third-quarter loss as a result of a drilling slump

    11/03/09 - Financial Announcement - View Story

  • Union Drilling Reports on Second Quarter Financial Results

    8/05/09 - Financial Announcement - View Story

News & Analysis

union drilling inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Dan E. Steigerwald Vice President, Chief Financial Officer and Secretary
David S. Goldberg Vice President, General Counsel & Corporate Secretary
J. Michael Poole Vice President & Business Development Officer
Ronald Harrell Director
Theodore James Glauthier Director
Thomas M. Mercer Director

Board of Directors

Name (plus bio) Position
Gregory D. Myers Chair
Joseph McHugh Chair
Thomas H. O. Neill Jr. Chairman of The Board
H Jr Thomas Board of Directors
Henry Harmon Vice Chairman
Howard I. Hoffen Board of Directors
Howard J. Hoffan Board of Directors
John J. Moon Board of Directors
M. Joseph McHugh Board of Directors
Robert Wohleber Board of Directors
William A. Lang Vice Chairman of The Board
William R. Zeigler Board of Directors
William R. Ziegles Vice Chairman

Dan E. Steigerwald has served as our Vice President, Chief Financial Officer and Secretary since June 1, 2003, and as our Treasurer since August 3, 2005. From January 2000 to June 1, 2003 he served as our Controller. He has over 29 years of financial experience, including over 19 years in the oil and natural gas industry. He was Vice President and Chief Financial Officer of Omega Environmental, a Seattle-based environmental/construction company, from 1994 to March 1997. He also worked from 1981 to 1994 at Smith International, a worldwide supplier of oilfield products and services. During his fifteen years with Smith, he served in various financial capacities, including Vice President, Chief Financial Officer and Controller from 1989 to 1992. Mr.Steigerwald is a C.P.A. He received a Bachelor's degree from Pennsylvania State University in 1964 and an M.B.A. from The Amos Tuck School of Business Administration at Dartmouth College in 1970.

Organization Position Status
Union Drilling, Inc. Vice President, Chief Financial Officer and Secretary Current
Smith International, Inc. Vice President, Chief Financial Officer Former
Union Drilling, Inc. Controller Former
Smith International, Inc. Controller Former
Tuck School of Business at Dartmouth M.B.A. Former
The Pennsylvania State University Bachelor's Degree Former

David S. Goldberg was appointed the Company's Vice President, General Counsel and Corporate Secretary on August 7, 2007. Prior to joining Union Drilling, Mr. Goldberg most recently served as Senior Vice President, General Counsel and Corporate Secretary for RadioShack Corporation, a consumer electronics specialty retailer, where he served in various legal and managerial positions since 1999. From 1995 to 1999, Mr. Goldberg served as Vice President, Secretary and General Counsel of InterTAN, Inc., then a publicly-traded consumer electronics retailer. From 1987 to 1995, Mr. Goldberg was in private law practice with the international law firm of Haynes and Boone, LLP where he specialized in corporate securities and public finance law. Mr. Goldberg graduated from Texas Christian University in 1984 with a B.S. in Economics. He received his Juris Doctor degree from St. Mary's University School of Law in 1987 and has been a practicing attorney in Texas since 1987.

Organization Position Status
Union Drilling, Inc. Vice President, General Counsel & Corporate Secretary Current
Texas Christian University B.S. In Economics Former

Organization Position Status
Union Drilling, Inc. Vice President & Business Development Officer Current

Organization Position Status
Metalmark Capital LLC Managing Director Current
Metalmark Capital LLC Principal Current
Union Drilling, Inc. Chair Current
Union Drilling, Inc. Board of Directors Former
Metalmark Capital LLC Board of Directors Former

Organization Position Status
PGT, Inc. Director and Audit Committee Chairman Current
Winguard Director and Audit Committee Chairman Current
Union Drilling, Inc. Chair Current
PGT, Inc. Board of Directors Current
Pillowtex Corp Acting Chief Financial Officer Former
Lone Star Technologies, Inc. Chairman Former
Union Drilling, Inc. Board of Directors Former
Lone Star Technologies, Inc. Director Former
Tuck School of Business at Dartmouth M.B.A. Former
Dartmouth College Bachelor's Degree Former

Thomas H. O Neill, Jr. has been a director of Union Drilling since December 1997. Mr. O Neill is a 1963 graduate of Canisius College, Buffalo, New York. He currently serves as Chairman of the Board (non-executive) of Union Drilling. Mr. O Neill has over 29 years of domestic and international experience in the field of petroleum exploration and financing. He served on Governor Cuomo s Advisory Board for Oil, Gas and Solution Mining for the State of New York from 1981 to 1986, served on the New York State Banking Board from 1994 through 1997, and was appointed by Governor Pataki to the New York State Dormitory Authority Board where he served for six years as Vice Chairman. Mr. O Neill is a General Partner of Somerset Capital Partners, a private investment company, and a director of Firebird Holdings Limited, a logistics and contract warehousing business with operations in Eastern Europe, Russia and the United Kingdom. Mr. O Neill has drilled or has acquired ownership in approximately 1,600 wells, most of which were drilled throughout the Appalachian Basin. In addition, Mr. O Neill has bought and sold many pipeline systems, various oil and gas companies and well-servicing organizations located in the Appalachian Basin.

Organization Position Status
Union Drilling, Inc. Chairman of The Board Current
Union Drilling, Inc. Director Current
Canisius College Former

Organization Position Status
Union Drilling, Inc. Board of Directors Current

Organization Position Status
Union Drilling, Inc. Vice Chairman Current

Organization Position Status
Metalmark Capital LLC Chief Executive Officer Current
Metalmark Current
Metalmark Capital LLC Chairman Current
ChoiceOne Communications Inc. Director Current
Union Drilling, Inc. Board of Directors Current
EnerSys Inc. Board of Directors Current
MSCO Inc. CEO Former
MSCO Inc. Managing Director Former
Morgan Stanley managing director Former
MSCO Inc. Chairman Former
Metalmark Capital LLC Board of Directors Former
Harvard Business School M.B.A. Former
Columbia University B.S. Former

Organization Position Status
Union Drilling, Inc. Board of Directors Current

Organization Position Status
Union Drilling, Inc. Board of Directors Current

Organization Position Status
Union Drilling, Inc. Board of Directors Current

Organization Position Status
Union Drilling, Inc. Board of Directors Current
Kerr-McGee Corporation Chief Financial Officer Former
Kerr-McGee Corporation Senior Vice President Former
Kerr-McGee Corporation Board of Directors Former

Ronald Harrell has been a director of Union Drilling since August 2006. Mr. Harrell joined Ryder Scott Co. as a reservoir engineer in 1968 and became vice-president in 1998. Mr. Harrell served as the Chairman and Chief Executive Officer of Ryder Scott Co. from May 2000 to January 2006. Mr. Harrell is the past chairman of the Oil and Gas Reserves Committee of the Society of Petroleum Engineers. Presently, he is an observer on that committee.

Organization Position Status
Union Drilling, Inc. Director Current

Mr. Glauthier is the Chief Executive of TJG Energy Associates, LLC, a consulting and executive advisory services company focused on serving clients in the energy sector. Prior to founding TJG Energy Associates, he was President and CEO of the Electricity Innovation Institute (an affiliate of EPRI) from 2001 to 2004, Deputy Secretary and Chief Operating Officer of the U.S. Department of Energy (DOE) from 1999 to 2001, and Associate Director for Natural Resources, Energy and Science of the Office of Management and Budget in the White House from 1993 to 1998.

Organization Position Status
Union Drilling, Inc. Director Current

Thomas M. Mercer joined the Board of Directors on January 1, 2006. Mr. Mercer has been a partner of Ceres Capital Partners, L.P. since 1995. Prior to that, he held various management positions at Bank of Boston and First Gibraltar Bank. In May 2005 he retired from the Board of Directors of Lone Star Technologies where he had served for ten years.

Organization Position Status
Union Drilling, Inc. Director Current
Bank of Boston Former
Lone Star Technologies, Inc. Board of Directors Former

Lang , William A. President and Chief Executive Officer : Prior to joining Somerset , Mr. Lang was President and Chief Executive Officer of Coast Energy Group (CEG) and Executive Vice President of CornerStone Propane GP, Inc. Mr. Lang was formerly President and COO of EnergyUSA TPC (a NiSource, Inc. affiliate), where he was responsible for managing TPC's MHP affiliate, the largest operator and developer of salt cavern gas storage, and TPC's asset management activities in natural gas. Prior to EnergyUSA, Mr. Lang served as Managing Director of Southern Company Energy Marketing, a joint venture of Vastar Resources Inc. (80% affiliate of ARCO and Southern Company). Mr. Lang served as Senior Vice President at Vastar Resources, Inc., where he managed all commercial activities covering natural gas, electricity, crude oil and natural gas liquids. Prior to the formation of Vastar by ARCO, Mr. Lang was President of ARCO Natural Gas Marketing, Inc. Mr. Lang began his natural gas career with Tenneco Gas in early 1986 as director of Marketing and Transportation Services. He participated in much of the transition of Tenneco Gas during the Order 436/500/636 era. Mr. Lang has served as a member of the Finance Committee and the Nominating Committee of, and as a Board Liaison to the Gas Supply Marketing Section Committee of, and as a member of the Board of Directors of the Southern Gas Association. He is a former member of the Board of Directors of the Gas Industry Standards Board and the Board of Directors of the New England Gas Association. He served as the chairman of the Steering Committee of the Natural Gas Supply Association. Mr. Lang is a graduate of the University of Texas at Austin , with a B.S. in Chemical Engineering. Mr. Lang was recently appointed to a three year term on the University of Texas Engineering Foundation Advisory Council by the President of the University. Ziegler , William R. Chairman: Mr. Ziegler is of counsel to the law firm of Satterlee Stephens Burke & Burke LLP, New York , New York . Mr. Ziegler was formerly a partner of Satterlee Stephens Burke & Burke LLP, of Parson & Brown LLP and of Whitman Breed Abbott & Morgan and a predecessor law firm Whitman & Ransom, all New York law firms. He has practiced corporate, banking and securities law since 1968. He is Chairman of the Board (non-executive) of Vesta Corp., a stored value technology company, and of Firebird Holdings Limited, a logistics and contract warehousing business with operations in Eastern Europe, Russia and the United Kingdom, the Chairman of the Board (non-executive) and a director of Geokinetics, Inc., a seismic and geophysical company traded on the OTC Bulletin Board, a director of Flotek Industries Inc., an oil services equipment supplier traded on the OTC Bulletin Board, and a director and Vice Chairman of Grey Wolf, Inc. of Houston, Texas, an AMEX-listed oil and gas drilling company with operations on the U.S. Gulf Coast. He serves as Vice Chairman of the Board (non-executive) of Union Drilling, Inc., an oil and gas drilling company with operations in the Appalachian Basin and the Rocky Mountains . Mr. Ziegler is a graduate of Amherst College and received a law degree from the University of Virginia and an M.B.A. from Columbia University .

Organization Position Status
North Coast Gas Transmission, LLC Current
Grey Wolf, Inc. Chairman of The Board Current
Grey Wolf, Inc. Director Current
Grey Wolf, Inc. Vice Chairman Current
Union Drilling, Inc. Vice Chairman of The Board Current
EnergyUSA-TPC President Former
EnergyUSA-TPC COO Former
The University of Texas at Austin B.S. In Chemical Engineering Former

Organization Position Status
Union Drilling, Inc. Board of Directors Current
Union Drilling, Inc. Vice Chairman Current

Organization Position Status
Union Drilling, Inc. Vice Chairman Current

Executive News

  • Insider Transactions

    Philadelphia Inquirer - 9/07/09 - View Story

  • Insider Transactions

    Philadelphia Inquirer - 8/31/09 - View Story

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     UDRL $6.34 -0.22 (-3.35% )
Average Volume 52,627
Shares Outstanding 23.12M
Market Cap 146.6M
Year High 10.25
Year Low 2.51
Earnings Per Share -0.59
P/E Ratio -10.75
Dividend N/A
Yield N/A
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