- 3 - FINDINGS OF FACT Some of the facts have been stipulated and are so found. The stipulation of facts and attached exhibits are incorporated herein. When petitioner filed his petition, he resided in the vicinity of Fairbanks, Alaska. Petitioner has a degree in petroleum production engineering. Prior to beginning a drilling business in 1978, petitioner spent approximately 20 years in the petroleum industry as a drilling engineer. The First Drill Rig In December 1978, petitioner purchased a used Hughes Auger drill rig for $76,181 and commenced a drilling business that he called "De Boer Drilling Co."3 Petitioner's rig, rather than being used to drill for oil, was used to drill large diameter foundation support holes for construction projects, as well as the holes needed to start oil wells. During the years 1978 through 1981, petitioner operated the drill rig on a contract basis for oil companies and construction companies on the north slope of Alaska. Petitioner performed drilling work for such oil companies as Alyeska Oil Co., Atlantic Richfield, and British 3The first drill rig is a Model TAP-50, approximately 12 feet wide and 70 feet long and weighing approximately 150,000 pounds. This drill is capable of drilling to a depth of approximately 60 feet.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011