"The Permian Basin has historically been on the leading edge of a drilling downturn.

Gary T. Holley is President and CEO of Canyon Drilling Company, a privately held Oklahoma-based Land Drilling Contractor providing drilling services to the Oil & Gas Industry throughout the Continental USA. Mr. Holley has been in the industry for over 40 years. Prior to joining Canyon in July 2009, Mr. Holley was President of NOMAC Drilling Company, a Chesapeake Energy Company involved in conventional and unconventional drilling supports Chesapeake operations in Oklahoma, Texas, Arkansas, Louisiana and Chesapeake's Eastern Division.

From 1998-2004, Mr. Holley held the position of Mid-Continent District Management at Nabors Drilling US (NDUSA). Through a series of consolidation / purchases, Mr. Holley also held executive positions with Cougar Drilling and Quarles Drilling which were purchased, merged, and ultimately dissolved by UTI."