Particle Drilling Technologies Hires Greg
Galloway as Its New Vice President - Operations
HOUSTON, Feb. 13 /PRNewswire-FirstCall/ -- Particle
Drilling Technologies, Inc. ("PDTI" or "Company") (Nasdaq:
PDRT) today announced that it has hired Greg G. Galloway as
Vice President - Operations. In this capacity, Mr. Galloway
will oversee all aspects of the company's operations with
respect to the deployment of the Particle Impact Drilling
("PID") system. He will report to the Company's President and
Chief Executive Officer, Jim B. Terry.
"I have worked with Greg for many years and we are very
fortunate to find someone with his experience and knowledge in
the industry," stated Jim Terry, PDTI's President and Chief
Executive Officer. "Greg is going to be an excellent resource
to the Company as we transition from research and development
to commercial operations. His abilities are well known and
respected in the industry and he can assist greatly in
successfully recruiting and training the resources we need to
realize the full potential of this technology."
Mr. Galloway has over 26 years of experience relevant to
PDTI in the drilling and oilfield services industry. Most
recently, he held the position of Global Product Line Manager
for Weatherford International, where he focused on drilling
hazard mitigation. Mr. Galloway is an innovative manager with
a strong technical reputation in leading edge technologies and
drilling performance enhancements. Throughout his career, he
has demonstrated the ability to build highly skilled teams
that achieve results and deliver significant drilling
performance improvements by using new innovative products and
services. He has a proven track record of accurately
forecasting markets and achieving results in those markets.
Mr. Galloway is a published author of numerous technical
papers and magazine articles in the oilfield industry,
particularly in the areas related to Drilling with Casing,
Expandable Tubulars and Drilling Hazard Mitigation.
Prior to Weatherford, Mr. Galloway spent two years with
Ryan Energy Technologies, Inc. ("Ryan") as Senior Technical
Sales. In this capacity, he provided customers with an
engineered approach to drilling directional wells with a focus
on improving hole quality, enhancing drilling performance and
reducing trouble time. While at Ryan, he participated in
planning and drilling of some of the highest MRI(R)
(Mechanical Risk Index(TM)) wells in the Gulf of Mexico
achieving some of the highest footage per day of all wells
drilled in the period. Prior to Ryan, Mr. Galloway spent 20
years with Baker Hughes Inc. ("Baker") in various operational
and management level positions, including management roles
surrounding Baker's Drilling Optimization service, where he
hired and trained numerous drilling optimization engineers in
both North and South America.
Particle Drilling Technologies, Inc., headquartered in
Houston, Texas, is a development stage oilfield service and
technology company owning certain patents and pending patents
related to the Particle Impact Drilling technology. The
Company's technology is designed to enhance the rate-of-
penetration function in the drilling process, particularly in
hard rock drilling environments.
Certain statements in this press release that are not
historical but are forward-looking are subject to known and
unknown risks and uncertainties, which may cause PDTI's actual
results in future periods to be materially different from any
future performance that may be suggested in this press
release. Such risks and uncertainties may include, but are not
limited to, PDTI's ability to raise equity capital, if
necessary, and its ability to obtain equity financing on
acceptable terms, if at all, a severe worldwide slowdown in
the energy services sector and working capital constraints.
Further, PDTI is a development stage company that operates in
an industry sector where securities values are highly volatile
and may be influenced by economic and other factors beyond
PDTI's control such as announcements by competitors and
service providers.
Contacts:
J. Chris
Boswell, SVP & CFO Particle Drilling Technologies,
Inc. 713-223-3031 ext. 2049
Ken Dennard, Managing Partner
Jack Lascar, Partner
DRG&E / 713-529-6600 | 
