The cost drilling oil well now costs as much as $120 million, according to the chairman, Green Energy International Limited, Prof. Anthony Adegbulugbe. He dropped the hint at the official project sign ...
Similar to contract drilling, pricing for pressure pumping largely depends on the supply-demand balance, with service firms generally commanding pricing power around 80% utilization. Patterson’s ...
Efficient drilling in shale reservoirs requires detailed 3-dimensional (3D) horizontal well trajectories. An orthogonal-arc trajectory (OAT) method assumes a single constant curvature in the curved ...
Following several years of rampant oversupply, the US rig market has spent the past several quarters operating near maximum capacity utilization, supporting significantly increased day rates. Drillers ...
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Sandia research highlights superior drill bits for cost-effective geothermal drilling
In engineering, precision tools are as crucial as the instruments a surgeon relies on to perform intricate surgeries with ...
Real-time streaming well data monitors drilling performance and aids drilling decisions using web-based drilling models to calculate and predict drilling parameters. These models improve rate of ...
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