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The Facts About Massenza Drilling Rigs: Drilling rigs for sale Revealed
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Examine This Report about Desert Rigs - Fox Oil Drilling Company
The company's efforts have paid off. By shifting focus from vertical Cotton Valley wells to the Haynesville, Goodrich lowered its total proven industrialized finding and advancement costs from $3. 21 an Mcf of gas equivalent to $2. 38 an Mcfe from 2009 to 2010. With oil prices trading much greater than natural gas on a Btu comparable basis, Goodrich also is targeting the oil window of the Eagle Ford Shale.
Although these wells take skill, time, and cash to plan and construct, business officials state they think they can attain 50 plus percent rois. Drilling wells in either play needs rigs with the right equipment, states Denney. He says top drives are essential because they allow pumping and turning the drill string while coming out of the hole, which is necessary at times for hole cleansing.
Leading drives likewise optimize directional drilling efficiency. Drawworks that can deliver a minimum of 1,500 horsepower are likewise crucial, Denney includes. "We think in high horse power," he worries. " This Article Is More In-Depth -horsepower rig carries a premium over a 1,000-horsepower rig, however it speeds trips and puts less strain on the equipment. We get our cash's worth." Simply as important as the drawworks and top drive is having effective mud pumps on the rig, Denney states.
Indicators on NorAm Drilling You Need To Know
"That horse power is required for mud hydraulics to keep the hole clean, and to drive the downhole motor and other equipment. We have achieved as much as 6,000-foot laterals to date, and we are targeting 9,000-foot long laterals in the near future." In most cases, it makes sense for the rig to have the ability to skid, Denney states.
"In the Eagle Ford, if we can skid, our drilling costs can be lowered as much as $500,000 a well," he states. Goodrich Petroleum is far from the only company that requires "high-spec" rigs with effective top drives, raising systems and pumps. According to industry sources, rigs with bigger (+1,000) horsepower ratings represent an approximated 60 percent of the active rig fleet.
