Lantern Drilling's corporate logo is the "yellow dog" derrick lantern, which was the original source of light for night drilling. The double-wicked iron lamps had once hung on the yardarms of whaling ships. When crude oil was discovered the lanterns were adapted to the early drilling rigs, where they illuminated the earliest night drilling operations.

The derrick lantern symbolized progress and innovation, and was chosen as Lantern Drilling's symbol to highlight both our connection to the history of the US oilfield and our commitment to modern drilling techniques and innovation.

Lantern Drilling opened its doors on September 1, 2005, with eight rigs in West Texas and New Mexico, as successor to Star Drilling which began operations in 1999 with one rig. Star successfully operated in the Permian Basin, drilling over 450 wells, and adding five more rigs before being sold to a private investor and assuming the Lantern name. As of January 2009 Lantern operates fifteen rigs, including four new custom-built 1500 HP rigs, across Arkansas, Louisiana, Texas and New Mexico.

Lantern is a member of IADC and is pleased to support civic and charitable causes in the Midland-Odessa area.

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