November/December Archives - 三昇体育 /2019/novemberdecember-2019 Get the latest oil drilling news with 三昇体育 Wed, 22 Jul 2020 20:02:41 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 202015461 2019 NOV census shows robust international land rig utilization but softening in North America onshore /2019-nov-census-shows-robust-international-land-rig-utilization-but-softening-in-north-america-onshore-54304 /2019-nov-census-shows-robust-international-land-rig-utilization-but-softening-in-north-america-onshore-54304#respond Thu, 24 Oct 2019 15:23:12 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=54304 Except for harsh-environment semis, global offshore fleet continues to see a very slow recovery, although 69% utilization is the highest it’s been since 2015 By Tony Crawford, Tarjei Myklebust and Aylar Ibrahimoglu, National Oilwell Varco Rig demand in this year’s National Oilwell Varco census has shifted in both areas of geographic activity and in rig …

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]]> /2019-nov-census-shows-robust-international-land-rig-utilization-but-softening-in-north-america-onshore-54304/feed 0 54304 New gauge pad design improves PDC bit tracking in horizontal wells /new-gauge-pad-design-improves-pdc-bit-tracking-in-horizontal-wells-54276 /new-gauge-pad-design-improves-pdc-bit-tracking-in-horizontal-wells-54276#respond Thu, 24 Oct 2019 15:23:11 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=54276 Bit is designed to provide minimal side cutting at low side loads but achieve typical BUR at higher side loads By Reed Spencer, Bradley D. Pierce and Robert E. Grimes, Baker Hughes Thousands of horizontal wells are drilled each year across numerous unconventional reservoirs throughout North America, and the horizontal departures continue to increase to …

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]]> /new-gauge-pad-design-improves-pdc-bit-tracking-in-horizontal-wells-54276/feed 0 54276 People, Companies & Products /people-companies-products-57-50123 /people-companies-products-57-50123#respond Thu, 24 Oct 2019 15:23:10 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=50123 Latshaw Drilling announces new VP Contracts, 2 promotions Latshaw Drilling recently announced several personnel changes. Leroy Peterson has joined the company as VP of Contracts. Mr Peterson comes from Patriot Drilling, which he cofounded in 2002. Mr Peterson attended New Mexico State University and has extensive experience in the drilling industry. Joey Stockton has been …

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]]> /people-companies-products-57-50123/feed 0 50123 Exciting initiatives on the horizon as IADC heads into 80th year /exciting-initiatives-on-the-horizon-as-iadc-heads-into-80th-year-54343 /exciting-initiatives-on-the-horizon-as-iadc-heads-into-80th-year-54343#respond Thu, 24 Oct 2019 15:23:10 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=54343 From the President In the pages to follow, we will be sharing a snapshot of IADC’s activities during 2019. I am proud of what our dedicated staff and involved members have been able to accomplish this year, and it is my hope that this snapshot will make clear the value of IADC and the key …

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]]> /exciting-initiatives-on-the-horizon-as-iadc-heads-into-80th-year-54343/feed 0 54343 Nabors develops MPD Return Flow Pathways procedure to manage non-well control use of rig chokes /nabors-develops-mpd-return-flow-pathways-procedure-to-manage-non-well-control-use-of-rig-chokes-54306 /nabors-develops-mpd-return-flow-pathways-procedure-to-manage-non-well-control-use-of-rig-chokes-54306#respond Thu, 24 Oct 2019 15:22:18 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=54306 Internal Well Control Committee evaluates BOP stack configurations to prevent deviations from best practices By Richard Grayson & Adam Keith, Nabors Shale formations are common drilling targets and frequently present many challenges. Examples include swelling, sloughing, general wellbore instability and natural fractures, which can mask over/underpressured formations. These can be common in high-pressure, high-temperature wells …

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]]> /nabors-develops-mpd-return-flow-pathways-procedure-to-manage-non-well-control-use-of-rig-chokes-54306/feed 0 54306 Hidden costs from forgoing effective well control training can outweigh actual cost of training /hidden-costs-incurred-by-forgoing-effective-well-control-training-for-rig-crews-can-substantially-outweigh-actual-cost-of-training-54335 /hidden-costs-incurred-by-forgoing-effective-well-control-training-for-rig-crews-can-substantially-outweigh-actual-cost-of-training-54335#respond Thu, 24 Oct 2019 15:22:17 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=54335 To ensure that revenue exceeds company costs, it is imperative that employee training be completed to maximize productivity and minimize the risks of nonproductive time...

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]]> /hidden-costs-incurred-by-forgoing-effective-well-control-training-for-rig-crews-can-substantially-outweigh-actual-cost-of-training-54335/feed 0 54335 Peak in shale鈥檚 capital efficiency could help to bring investors back /peak-in-shales-capital-efficiency-could-help-to-bring-investors-back-54289 /peak-in-shales-capital-efficiency-could-help-to-bring-investors-back-54289#respond Thu, 24 Oct 2019 15:22:16 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=54289 Analyst: Drilling industry also must show more capital discipline as investors prioritize returns over growth By Linda Hsieh, Editor & Publisher Outlooks for the drilling industry have historically hinged on the rise and fall of oil prices. Today, while oil prices still matter, they now wield much less power in terms of their ability to …

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]]> /peak-in-shales-capital-efficiency-could-help-to-bring-investors-back-54289/feed 0 54289 Operator spending cuts may lead to 10% fall in 2020 land rig count /operator-spending-cuts-may-lead-to-10-fall-in-2020-land-rig-count-54292 /operator-spending-cuts-may-lead-to-10-fall-in-2020-land-rig-count-54292#respond Thu, 24 Oct 2019 15:22:16 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=54292 US onshore activity likely to suffer as cautious operators rein in budgets, plan to drill and frac fewer wells next year By Linda Hsieh, Editor & Publisher Another tough year is in store for the US land drilling and completions market in 2020. John Spears, President of Spears and Associates, said he expects the Baker …

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]]> /operator-spending-cuts-may-lead-to-10-fall-in-2020-land-rig-count-54292/feed 0 54292 IHS Markit: Offshore dayrates will be better in 2020, just not as much as drillers hope for or need /ihs-markit-offshore-dayrates-will-be-better-in-2020-just-not-as-much-as-drillers-hope-for-or-need-54294 /ihs-markit-offshore-dayrates-will-be-better-in-2020-just-not-as-much-as-drillers-hope-for-or-need-54294#respond Thu, 24 Oct 2019 15:22:16 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=54294 As debt covenants come due, offshore drilling contractors may be forced to push harder for higher dayrates By Linda Hsieh, Editor & Publisher Offshore drillers can expect to see a better market in 2020, but it won’t be the kind of dramatic recovery that the industry is hoping to see. “It will be an improvement …

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]]> /ihs-markit-offshore-dayrates-will-be-better-in-2020-just-not-as-much-as-drillers-hope-for-or-need-54294/feed 0 54294 As operators reshuffle priorities, offshore exploration is losing out /as-operators-reshuffle-priorities-offshore-exploration-is-losing-out-54296 /as-operators-reshuffle-priorities-offshore-exploration-is-losing-out-54296#respond Thu, 24 Oct 2019 15:22:15 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=54296 Development drilling is likely to increase, but it can’t offset a bigger reduction in exploration drilling in 2020 By Linda Hsieh, Editor & Publisher The attacks on two Saudi Aramco oil facilities on 14 September took out approximately 5.7 million barrels per day from the global oil supply, leading to a quick spike in oil …

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