GEFCO receives 26 drilling rig order from Dominican Republic

The George E. Failing Co. (GEFCO) announced that it has received an order for twenty-six water well drilling rigs and related equipment from the government of the Dominican Republic.

Jan 10th, 2003

Jan. 10, 2003 -- The George E. Failing Co. (GEFCO) announced that it has received an order for twenty-six water well drilling rigs and related equipment from the government of the Dominican Republic.

The twenty-six customized portable drilling rigs will be mounted on Kenworth trucks and are included in a $70 million infrastructure development equipment order. This order includes equipment manufactured by Caterpillar and Paccar, the parent company of Kenworth and Peterbilt trucks.

The drilling rigs will be used to develop potable water systems throughout the Dominican Republic. The government of the Dominican Republic received financing guarantees from The Export-Import Bank of the United States.

Founded in Enid, Oklahoma in 1931, GEFCO is a division of Blue Tee Corp., an employee-owned industrial holding company headquartered in New York, NY.

GEFCO has been exporting drilling equipment from Enid, Oklahoma since 1934 and was the recipient of the Governor's Award for Excellence in Exporting in 1998.

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