The Company is a provider of contract land drilling services in the United States with a fleet, at February 20, 2007, of 118 rigs, all of which were marketed.
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Grey Wolf, Inc., headquartered in Houston, Texas, is a leading provider of contract oil and gas land drilling services in the best natural gas producing regions in the United States. The Company is also a leader in onshore turnkey drilling services. Smaller Independent oil drilling is 2/3 of all the domestic output of oil. Grey Wolf focuses on domestic drilling, which is at it's highest levels since Oil City Pa was put on the map. The current price of oil has but the domestic oil drillers back in business. This should be an outstanding stock pick