Development stage oil and gas exploration and development company Friendly Energy Exploration has created a wholly-owned subsidiary called Friendly Energy Drilling Inc., a Nevada corporation, to be the operational/production subsidiary of the parent company. 

Economics was the motive in the decision. “We are putting up to 60 wells into production over the next year and by doing the work ourselves with our own crew, we will save up to 50% of the costs of contracting it out,” said Friendly’s CEO Doug Tallant. The company also expects to “accelerate the rate at which we put our inventory of wells back into production,” and plans to move the work over rig to its Byler lease to prepare its 11 wells for immediate production. 

Doug also stated, "The company is also looking to lease its own 5,000 foot drilling rig, making the company completely self sufficient, allowing us to work more efficiently and economically. We have several very positive drilling sites on our leases, especially on the newly acquired South Thrifty field and we do not want to be reliant on outside contractors to secure these rigs.”