Drilling
Article
April 2021
Mineral industry technology provides an approach for shallow oil exploration.
News
April 22, 2021
Further improving upon the successful ION platform, ION+ cutters comprise a wide range of application-specific cutter grades that incorporate refined diamond feeds, higher manufacturing pressures, and new, nonplanar interfaces.
News
April 21, 2021
“I expect international activity growth to accelerate, and the early positive momentum in North America gives me confidence in the activity cadence for the rest of the year,” CEO Jeff Miller said in a statement. “I am optimistic about how this transition year is shaping up.”
News
April 14, 2021
Petrostates in the Persian Gulf are trying to bolster their economies after they were hit last year by coronavirus lockdowns and the crash in oil prices. They also want to diversify from fossil fuels by using money raised from their oil assets to invest in other industries.
Webcast
Innovative Power Section Design Drives Performance and Improves Reliability
April 21, 2021
Abaco Drilling
Abaco's single direction stators with deviated profiles address drilling stresses on the power section lower end using a variable fit that reduces friction and overheating. The result has been a proliferation of the technology across all the demanding drilling applications in the US shale basins.
We will show details of the way Abaco’s OPTIFIT technology addresses stall and thermal damage in challenging drilling environments. Dyno test power curve comparisons showing OPTIFIT versus conventional designs will be presented. We will close with a summary of the field successes in a variety of basins and formations.
News
April 01, 2021
Optimism has also been buoyed by expectations that global crude supplies won’t grow fast enough to satisfy demand as Covid-19 vaccinations proliferate and economies that shut down for the better part of a year begin reopening.
Article
April 2021
Despite a modest reduction in the DUC inventory, there are still 7,086 wells waiting on completion. With the industry in disarray, it has become increasingly likely that many of these horizontal boreholes may never be completed.
Webcast
The Future of Drilling is Here: Rethinking Drilling Innovation
April 13, 2021
Corva
Faster, cheaper, safer, better. Whether drilling onshore or offshore, these four words represent the challenges and currency of success for any drilling operation. As the industry continues to see new records for faster ROP and reduced NPT, an exciting challenge of consistency within drilling performance and digitalization of the drilling value chain remain.
Our industry experts will explain how our clients across continents and basins, sizes (small and large) have benefited from increased speeds of well delivery, consistency in high drilling performance and simplified well design automation. These key outcome metrics were achieved without adding organizational and technical implementation complexities, which are important pillars for seamless adoption across multi-faceted disciplines within organizations.
News
March 29, 2021
KCA Deutag has secured contracts worth around $110 million for its land drilling business in Pakistan, Russia, Kurdistan, south-eastern Europe and Germany. The new business is made up of a mix of contract wins, allowing the company to mobilize stacked rigs, and contract extensions.
News
March 25, 2021
The backlog of drilled but uncompleted shale wells called DUCs is rapidly shrinking as oil prices rise, signaling that producers are ready to put drilling crews back to work as the industry rebounds from its pandemic-driven downturn.
News
March 24, 2021
The oil price needed to profitably drill a new well is $52 a barrel, executives from almost 100 producers said in the latest quarterly survey by the Federal Reserve Bank of Dallas. That’s an increase of 6%, compared with when the question was asked last year. To cover costs on existing wells, companies need $31, which is 3% more than last year.
Article
March 2021
Supporting drilling contractors and operators’ ESG goals and objectives for a carbon-neutral future, Caterpillar has created targeted solutions. Among these is the Cat Energy Storage Solution, a hybrid energy technology integrated with natural gas gensets for land drilling applications.
Article
March 2021
It’s advantageous to apply new digital technologies to schedule and manage drilling operations. Modern AI-powered scheduling software enables operators to make better decisions about how to deploy resources and to ensure that operations are always aligned with business objectives. To accomplish these goals requires a change in mindset and willingness to modify business processes to create a positive change in the organization.
News
March 22, 2021
Baker Hughes has reached a significant technology milestone in pioneering a solution to overcome flexible pipe stress corrosion cracking (SCC) tendencies in high CO2 content fields, such as those found in Brazil’s pre-salt offshore developments.
News
March 22, 2021
An upstart driller in Mexico aims to provide 10% of the country’s natural gas needs as it develops prospects south of Texas’s border.
News
March 19, 2021
The Jacob Federal 1-42-73-9H was completed in the Parkman Formation, with a lateral length of 4,563 feet.
Article
March 2021
A first-of-its-kind innovation in wellbore surveying—a true solid-state GWD system—is achieving optimized reservoir placement and wellbore collision risk mitigation in several regions globally.
Article
March 2021
By utilizing major components from a DCTD BHA, a lateral can be re-entered on the first attempt, and a full downhole measurement suite can confirm entry and help improve operational efficiency, once in the chosen lateral.
Article
February 2021
U.S. rig counts crash to historic lows
Article
February 2021
A meaningful recovery in U.S. drilling activity during 2021 will be hampered further by President Biden’s Executive Order that indefinitely blocks new leases and drilling permits on federal lands and waters for up to a year.
