Pride International, Inc. was an offshore oil drilling company headquartered in

Houston Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 in ...

Texas Texas (, ; Spanish language, Spanish: ''Texas'', ''Tejas'') is a state in the South Central United States, South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2 ...

. As of February 2011, it operated 26

drilling rig A drilling rig is an integrated system that drills wells, such as oil or water wells, or holes for piling and other construction purposes, into the earth's subsurface. Drilling rigs can be massive structures housing equipment used to drill wat ...

s. In May 2011, it was acquired by Ensco (now Valaris Limited).

History

The company was founded in 1966 in

Alice, Texas Alice is a city in, and the county seat of, Jim Wells County, Texas, United States, in the South Texas region of the state. The population was 19,104 at the 2010 census. Alice was established in 1888. First it was called "Bandana", then "Kleberg ...

as Pride Oilwell Service Company. In 1978, the company was acquired by Dekalb Corporation. In August 1988, the company was spun out as a

public company A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (l ...

. In 1996, the company acquired Quitral-Co. Saic, the largest drilling contractor in

Argentina Argentina (), officially the Argentine Republic ( es, link=no, República Argentina), is a country in the southern half of South America. Argentina covers an area of , making it the second-largest country in South America after Brazil, th ...

, for $140 million. It also acquired Forasol-Foramer. It also sold its land based operations. In 1997, the company acquired 12 rigs from

Noble Corporation Noble Corporation plc is an offshore drilling contractor organized in London, United Kingdom. Its affiliate, Noble Corporation, is organized in the Cayman Islands. It is the corporate successor of Noble Drilling Corporation. The company operate ...

. In 2001, the company acquired Marine Drilling. In 2006, the company put executives on leave due to bribery allegations for rig contracts in

Mexico Mexico (Spanish: México), officially the United Mexican States, is a country in the southern portion of North America. It is bordered to the north by the United States; to the south and west by the Pacific Ocean; to the southeast by Guatema ...

and

Venezuela Venezuela (; ), officially the Bolivarian Republic of Venezuela ( es, link=no, República Bolivariana de Venezuela), is a country on the northern coast of South America, consisting of a continental landmass and many islands and islets in th ...

. In August 2009, the company spun off Seahawk Drilling, which owned 20

jackup rig A jackup rig or a self-elevating unit is a type of mobile platform that consists of a buoyant hull fitted with a number of movable legs, capable of raising its hull over the surface of the sea. The buoyant hull enables transportation of the unit a ...

s. On May 31, 2011, the company was acquired by Ensco (now Valaris Limited).

References

{{Authority control Defunct companies based in Texas Defunct energy companies of the United States