MAY DRILLING PARTNERSHIP 1983-3

MAY DRILLING PARTNERSHIP 1983-3

MAY DRILLING PARTNERSHIP 1983-3 operates within the SIC 1311 framework for Crude Petroleum and Natural Gas, positioning its drilling crews and rig mosaics to deliver turnkey oil and gas well construction services primarily to independent operators and modestly capitalized upstream explorers seeking disciplined capital deployment. CIK 711310 anchors a limited partnership whose core offering covers directional drilling, casing, and well-completion support across the Gulf Coast and offshore fields, combining seasoned crews with third-party cementing and completion vendors to keep projects on schedule. Revenue depends on finding, permitting, and drilling new leases, so marketable reserves, commodity price swings, and compliance with Bureau of Land Management and state environmental permitting regimes remain material risks, alongside the debt service on drilling rigs and the obligation to honor contractual day-rate commitments in a cyclical industry. The latest update, a Form 10-Q filed May 1999, reiterates these operational dependencies and the ongoing need to monitor OSHA safety expectations. View live SEC filings on Earnings Feed.