Stoneham Drilling Trust is an income trust that provides contract drilling services to oil and natural gas exploration and production companies operating within the Western Canada Sedimentary Basin and the Anadarko Basin of Oklahoma.
Our competitive niche is in the medium-deep segment, drilling wells to depths between 2,000 and 5,500 metres. With our modern, innovative fleet of drilling rigs, we are an industry leader in operational performance, safety, and rig utilization.
Stoneham trades on the TSX under the symbol SDG.UN. The Trust pays monthly cash distributions to unitholders.
Mission Statement
At Stoneham, we create an environment for our people to excel with safety and integrity as part of our culture.
We build strong relationships by providing quality and value.
We deliver industry-leading performance, rig utilization, and returns to our stakeholders.
Vision Statement
To be the employer of choice.
Investment Attributes
- An industry leader in contract drilling services with consistent, above-average rig utilization
- Experienced and proven Management and Directors with interests aligned with unitholders
- Excellent assets, life cycle of 25+ years
- Attractive long-term industry fundamentals
- Company designed to be profitable through industry cycles
- Selective in pursuit of our growth opportunities