Boart Longyear Awarded Contract for Largest Natural Gas Storage Facility in Western U.S.

SALT LAKE CITY, — Boart Longyear (www.BoartLongyear.com), the world’s leading integrated exploration drilling services, equipment and performance tooling provider, has been awarded a contract on August 1, 2014 for drilling services at the Magnum NGLs (Natural Gas Liquids) Storage Project at central Utah’s Western Energy Hub.

Magnum is building the first underground salt cavern NGLs storage facility in the Rocky Mountain region at the site, located 10 miles north of Delta. Development will include the construction of solution-mined storage caverns in a salt dome approximately 3,000 feet below the natural surface. Initially, the facility will feature two caverns each capable of storing between 1 and 2 million barrels (mmbbl) of natural gas liquids (NGLs) such as propane and butane.

Boart Longyear will use the largest drill rig in its fleet ‘ the LM700 model ‘ to drill two injection wells using the dual-tube flooded reverse-circulation technique. The LM700 is the industry’s only rig capable of drilling to 10,000 feet using the flooded reverse method.

“With our dual-tube flooded reverse drilling technique, we will be able to penetrate the difficult loss circulation zones that have plagued previous drilling projects in this area for years,” said Jason Lamb, U.S./Mexico territory contract manager at Boart Longyear. “We’re proud to be selected to provide drilling services on such a regionally significant project, and we look forward to delivering the expertise and superior service our clients expect.”

Boart Longyear is not new to the Western Energy Hub site. The company previously drilled two injection wells and smaller water wells, and provided exploration drilling and pump services.

“Development of the Magnum NGLs Storage Project demands a drilling services partner with world-class equipment and experienced personnel,” said Samuel Quigley, Magnum General Manager. “Boart Longyear was the natural choice to meet the unique challenges of this site.”

To learn more about Boart Longyear Drilling Services, visit: http://www.boartlongyear.com/drilling-services.