... return to profitability or at least a positive cash flow. consumption drilling contractor oil price surplus inventory profitability united states total well cost efficiency footage contractor cash flow rig spe 12611 drilling operation management upstream oil & gas well cost...

... ABSTRACT An all time record for the number of wells drilled for oil and gas in one year was set in 1980. This continued an unbroken trend commenced in 1973. Additions to the U.S. rotary rig fleet exceeded predictions. There was no significant seasonal downtrend in active rigs. The count, which...

... Abstract America's energy outlook is an everchanging thing; however, with the construction of Rig 76 Delta Drilling Company is declaring its faith in the future of ultra-deep drilling in this country. In addition to design criteria and specifications, this paper discusses unique problems...

... for over-all supervision of drilling operations. Improved working conditions and remuneration are needed to attract and keep rig personnel and line supervision in the field. personnel and line supervision in the field. A complete revision of management philosophy of personnel utilization is mandatory...

... and procedures, and reduced volume of drilling. References at end of paper. The main reason for the present plight of the West Texas contractor is an over-supply of rigs, along with a continual decrease in drilling. During the period of the Snyder and Spraberry booms, many people were able to go...

... Abstract The drilling contractors of the Permian Basin have been hard-pressed to meet the demand for 20,000-ft drilling rigs since the discovery of the prolific gas reservoirs in the deep Delaware Basin. The demand came at a time when the contractors of the area had felt the economic squeeze...