workover rig hand pricelist

Enjoy the best returns on your investment with these supreme workover rig price ranges at Alibaba.com. Their efficacy and reliability will prove that they’re worth their price tags. They will empower you to attain your mining and drilling goals and definitely surpass your expectations.

workover rig price options also include an air compressor, a mud pump, drilling rods of various sizes, connectors, and a drilling tower. Drilling is done using drill bits of various shapes, sizes, and compositions. You can choose between diamond bits, alloy ring-shaped bits, 3-wing alloy bits, PDC bits, and hammer bits. Each drill bit uses different drilling methods, including rotary, percussion, blast hole, and core drilling.

Are you looking for a wholesale workover rig price? Look no more as Alibaba.com has all sorts of pile drivers that will ease your next pile driving process. A pile-driving machine is critical equipment in constructing structures and buildings as it helps in driving piles into the soil. These piles help in providing foundation support for a structure or building under construction. In that way, you can comfortably move a load of the structure to a difficult depth without a machine. Regarding your liking workovers rig price, visit Alibcom.com as they have unlimited pile available at wholesale prices. Inther you are looking for pneumatic tools or hydraulic pipes, you will find them type at affordable prices. If you need a drill, it can advisable to have a workover r price.

The commodity price downturn is prompting price reductions among well service contractors in the greater Rockies outside the Williston Basin. In mid-January 2015, service providers report rates down about 10% quarter-to-quarter, similar to reports elsewhere in the oil patch as operators push the service sector for cost reduction. Meanwhile, larger service providers worry about further rate cutting from local, privately-held contractors. Rate reductions have not yet translated to reduction in wages for hands, although expectations are that pricing is going to drop further on the basis of lower commodity prices.

Among Survey Participants:Rig Demand Down QTQ [See Question 1 on Statistical Review]. Seven of the eight respondents said that demand had dropped in 1Q15 vs 4Q14 and all but one blamed lower oil prices for the slowing. One respondent that had seen a slowdown in demand said it was because they had finished all of their completion work. The respondent who had not seen an effect on demand said that their work was steady, but they were hearing of others slowing down.Mid-Tier Well Service Manager: “We are seeing demand slow for rigs and prices are being reduced. Operators are asking for 20% reductions, some are asking for 30% and they may get it. The greater reductions will be from people who are local because they don"t have the overhead expense. The service won’t be as good. On average, operators may get 15% of that 30% they are seeking in reductions.”

Number of Rigs Sufficient [See Question 2 on Statistical Review]. Six of the eight respondents said that the workover rig inventory is excessive for the current demand, while two said that it is sufficient but tipping toward excessive.Mid-Tier Operator: “Operators here are basically focusing on the higher production wells and going to ignore the lower ones. We have heard companies are laying down workover rigs. One company is going from 17 to 13.”

Well Service Work Weighted Toward Standard Workovers and Routine Maintenance [See Question 3 on Statistical Review]. Among all respondents, standard workover work accounts for 34% on average, routine maintenance accounts for 34%, plug and abandonment (P&A) accounts for 16% and completion work accounts for 16%.Mid-Tier Well Service Manager: “Our work slowed because we finished our completion work so the client gave us some production work to keep us steady till we finish this fracking job.”

Hourly Rates Consistent Among HP Series [See Question 5 on Statistical Review]. Most workover rig horsepower falls within the range of the 500 series. The 500 HP hourly rates average $310 to $400/hour depending on what ancillary equipment is contracted. See Table II for Average Hourly Rates.

Hart Energy researchers completed interviews with nine industry participants in the workover/well service segment in areas of the Rocky Mountains outside of the Bakken Shale play. Participants included one oil and gas operator and seven managers with well service companies. Interviews were conducted during January 2015.

3. Looking at your slate of well service work - on a percentage basis - how much of it is workover vs. routine maintenance vs. plug & abandonment (P&A) vs. completion work?

include but are not limited to: Safely and efficiently performing all tasks on the rig floor and B.O.P. area under the direction and supervision of the Driller. Operating the tongs, slips, and spinners ...

Wood is currently recruiting for Roustabouts/Maintenance Hands with a fast-proven record of accomplishments to support maintenance operations in Vanderbilt, TX. Roustabout will be reporting to the maintenance ...

Manage daily rig activities to include but not limited to drilling operations, HSE concerns, supply chain support, scheduling of maintenance and personnel issues. Ensure all rig operations are carried ...

Wood is seaching for a Rig Welder with extensive experience in carbon steel welding in the oil and gas petrochemical industry working on a project in Monahans, TX. Authorization to work lawfully in the ...

Manage daily rig activities to include but not limited to drilling operations, HSE concerns, supply chain support, scheduling of maintenance and personnel issues. Ensure all rig operations are carried ...

Looking for a career opportunity? Come join Wood as a Rig Welder in Monahans, TX. Wood offers health benefits, 401k, vacation and more. The candidate must be capable of welding together components to ...

Looking for a career opportunity? Come join Wood as a Rig Welder in Kermit, TX. Wood offers health benefits, 401k, vacation and more. The candidate must be capable of welding together components to fabricate ...

The schedule for this role will be Monday - Friday, 7 am - 3:30 pm Work closely with the Driller and the Rotary Helpers (Floor Hands) to ensure that drilling rig operations are performed safely and efficiently ...

Direct the casing crew while on the rig location, taking responsibility that all equipment and tools are prepared and on location as they should be. Responsible for job packets and ensuring all jobs are ...

include servicing, troubleshooting, repairing and/or commissioning rig control systems, drilling performance related products, such as Z-TQ, REVit, ROCKit, and other SMART drilling related tools, integrated ...

At Maverick Well Service, we have the expertise and experience needed to handle projects of all shapes and sizes. We are known throughout the East Texas area for our operational excellence, state-of-the-art equipment, efficiency, and safety.

Our fleet is comprised of professionally maintained rigs that are strategically located to provide completions, workovers, and more for our customers throughout the Ark-La-Tex. If you need a team of experts to improve production over the life cycle of your well, Maverick Well Service provides high quality workmanship, valuable insight, and peace of mind to each of our customers.

Ready to request services to maximize value throughout the life of your well site in the Ark-La-Tex region? The expert crew at Maverick Well Service is standing by and prepared to help you handle everything from conventional operations to the most technically demanding reservoir challenges you may face. Contact us today!

Style: Tripod Lamp Brighten up any room with this custom table lamp from Lamp-In-A-Box. Personalize the lamp shade with original artwork, photography, or bold graphics to create…

When will the market see a resumption of the top-tier rig newbuild programs that flooded the market in 2012–2014—what price point on day rates would trigger same? Platts RigData RADAR notes that day rates have indeed rebounded nicely, and especially for AC rigs.

Its sister publication, the Day Rate Report, noted the average day rate for 1500 hp rigs led the way up for all rig classes in Q1 of this year with a cumulative net day rate gain of +7% to $16,718. The average day rate for a 1,500 hp rig in 2014 was $22,564, and the top rate at peak in October 2014 was $26,000. The larger issue is that too many top tier rigs are still sidelined.

Even with recovery, the active rig count is less than half the average of 2010–2014. There were a little over 1,000 AC rigs of all sizes in the total fleet a year ago. In that year-ago snapshot, about 400 AC Class D rigs of recent vintage were cold-stacked; in the latest snapshot, that group has dwindled to 144. The ratio of all working rigs to stacked rigs has fallen from 5:1, but it remains as high as 2:1. Platts RigData estimates that the overall rig count, still dominated by Class D rigs, will need to reach about 1,200 before demand—and day rates—warrant another robust newbuild program.

The bulk of the projected annual rise - 1.13 million bpd - comes from the Permian Basin, the top U.S. shale field that has propelled the United States to an energy powerhouse. There were 332 oil rigs drilling there last week, the most since April 2020.

"U.S. oil prices are $30 to $40 per barrel higher" than late last year and "rig counts are becoming more responsive" to that price movement, said AJ O"Donnell, a director at East Daley Capital.

Compared to oil"s gains, U.S. rig count increases so far look "anemic," said Tim Roberson, co-founder of Texas Standard Oil, pointing to spending restraints, investor cash going to renewable energy and industry supply-chain problems.

Hess Corp (HES.N) recently said it would strongly consider moving up the timeline for adding a fourth rig to its North Dakota operations if prices remain elevated.

Independent producers and operators ramping up shale exploration and development programs are pushing the limits of conventional drilling equipment. Whether they are drilling multiple long-lateral horizontal wells from single pads, testing new bits and mud motors to boost penetration rates, or deploying next-generation rig floor and automation systems to slash “spud to sales” times, independents and their service company partners continue to find ways to improve resource play economics and crack the unconventional drilling frontier wide open.

Goodrich Petroleum is a case in point. Over the past two years, the company has transitioned from vertical Cotton Valley wells to horizontal wells in the Cotton Valley and the underlying Haynesville Shale. To unlock the shale’s vast potential, the company worked with its partners and service providers to discover the right casing points and to choose bottom hole assemblies that could build at sufficient rates to maximize lateral lengths, reports Clarke Denney, the company’s vice president of drilling. He notes that in the Haynesville Shale, Goodrich is utilizing robust directional equipment and mud cooling units to drill laterals at vertical depths of 15,000 feet, where circulating temperatures can reach upward of 340 degrees Fahrenheit.

Drilling wells in either play requires rigs with the right equipment, says Denney. He says top drives are important because they allow pumping and rotating the drill string while coming out of the hole, which is necessary at times for hole cleaning. This reduces drag and the chance of getting stuck. Top drives also maximize directional drilling performance.

Drawworks that can deliver at least 1,500 horsepower are also key, Denney adds. “We believe in high horsepower,” he stresses. “A 1,500-horsepower rig carries a premium over a 1,000-horsepower rig, but it speeds trips and puts less strain on the equipment. We get our money’s worth.”

Just as important as the drawworks and top drive is having powerful mud pumps on the rig, Denney says. “In the Eagle Ford, we would prefer to have at least 1,600-horsepower pumps, especially when drilling long laterals,” he relates. “That horsepower is needed for mud hydraulics to keep the hole clean, and to drive the downhole motor and other equipment. We have achieved up to 6,000-foot laterals to date, and we are targeting 9,000-foot long laterals in the near future.”

In many cases, it makes sense for the rig to have the ability to skid, Denney says. He explains that drilling multiple horizontal well bores on one pad reduces construction costs and rig transit times. “In the Eagle Ford, if we can skid, our drilling costs can be reduced as much as $500,000 a well,” he says.

Goodrich Petroleum is far from the only company that needs “high-spec” rigs with powerful top drives, hoisting systems and pumps. According to industry sources, rigs with larger (+1,000) horsepower ratings account for an estimated 60 percent of the active rig fleet. Moreover, rigs with at least 1,000 horsepower account for nine of every 10 rigs that are under construction or planned for the near future.

With its operational focus transitioning from the Cotton Valley trend to the Haynesville Shale, and more recently to the Eagle Ford Shale, Goodrich Petroleum is achieving consistent production and reserve growth through horizontal drilling with high-spec land rigs and advanced downhole tools. Even during the economic recession of 2009, the company increased average net daily production 24 percent and proved reserves 5 percent. Over the past four years, it has more than doubled its daily production while expanding its reserves 30 percent.

Trent Latshaw, the founder and head of Latshaw Drilling in Tulsa, can verify that the demand for 1,000-2,000 horsepower rigs is high. He says the company’s fleet, which includes 15 rigs within that range, has 100 percent utilization. In fact, Latshaw reports that the only unused rig his company has on the books is a new, 1,700-horsepower diesel electric that is still under construction.

Many of today’s high-spec rigs have closed-loop mud systems, Latshaw notes. “Closed-loop mud systems do away with the need for a reserve pit,” he says. “The systems also processes drilling fluid more efficiently. They are able to take more solids from the drilling fluid, which enables more fluid to be reused and makes the solids dryer and easier to dispose of. That becomes very important when dealing with oil-based mud, which often is used in horizontal wells.”

Latshaw encourages operators to consider using high-horsepower rigs when the class they want is difficult to obtain. “We consider our 2,000-horsepower rig to be identical to our 1,500-horsepower rigs, except for the drawworks size and the mast/substructure capacity,” he says. “The 2,000-horsepower rigs have the same footprint and move as fast as the 1,500-horsepower units, and for all practical purposes, the day rates are the same.”

He also says diesel-electric SCR rigs are comparable to AC rigs. “They have the same top drives, the same mud pumps, the same mud systems, the same engines, and the same blowout preventers,” he reports. “From the customers’ perspective, they drill wells as fast as AC rigs.”

In reference to safety, Latshaw says people matter more than technology. “You can try to design a piece of equipment that is accident proof, but safety comes down to the people on the rig floor and what their mindsets are,” he insists. “We are putting more money into training, beefing up our safety department, and having more safety coaches go around the rigs to work with the hands.”

He points out that many rigs, including several of Latshaw Drilling’s units, use automated iron roughnecks to improve safety. “Those are expensive, high-maintenance pieces of equipment,” he says. “We decided to take some of them off our rigs, then track closely to see if we had more finger and hand accidents on the rigs using manual tongs and a drill pipe spinner versus the rigs that had iron roughnecks. We have not seen a difference.”

For Joe Hudson, the president of Nabors Drilling USA, the future looks bright. “We have at least 103 AC rigs deployed at this point,” he reports. “We are in the process of building 25 more, and we always are looking for opportunities to expand further, be it in the Bakken, the Mid-Continent, West Texas, the Eagle Ford, or the Marcellus.”

Hudson says the new rigs include larger pumps, AC top drives, and tubular handling tools such as automatic catwalks and floor wrenches. “With the automatic catwalk, there is no need for a rig hand to pick pipe off the catwalks, pull it up with a hoist, and drag it to the rig floor,” he says. “Instead, the catwalk picks up pipe and elevates it to the rig floor. No one is touching the pipe or rolling pipe onto the catwalk, which keeps people away from tubulars, reducing the risk of pinch-point injuries.”

The floor wrench also improves safety, Hudson says. “Normally, a roughneck would make up pipe with manual tongs,” he notes. “The floor wrench engages the pipe and makes it up with an automatic tool, which keeps his hands safe. It also increases pipe longevity by reducing damage from the manual tongs.”

The rigs also employ advanced software. “With conventional rigs, the driller would drill ahead with a hand on the brake handle. He had only basic drilling information available to him, and his skill and his experience with the area dictated his ability to drill the well,” Hudson recalls. “Today, the software associated with smart drilling systems allows him to drill the well with a better understanding of the factors that influence drilling performance, such as delta P, hydraulic horsepower, weight on bit and rate of penetration. That translates to a faster rate of penetration.”

To ensure that its employees work as safely and efficiently as possible, Nabors has fully functional training rigs in Williston, N.D., Casper, Wy., and Tyler, Tx., where it trains personnel with no previous experience, Hudson reports. He adds that the company carefully defines the training and competency individuals need to be promoted.

The newest generation of high-spec land rigs purpose-built for horizontal drilling in unconventional resource plays features integrated subsystems to automate key processes such as pipe handling. Automated catwalks and floor wrenches not only increase operating efficiency, but also improve rig floor safety and extend pipe longevity by reducing handling damage.

When downturns do occur, Nabors tries to keep competent people and trainers on staff, Hudson says. By doing so during the last economic downturn, he says the company managed to go from 92 rigs in fall 2009 to 190 rigs today without compromising its personnel or safety standards.

Regardless of the market condition, Hudson says it is vital to design rigs for specific areas. “Every area is unique,” he says. “Carrying the top drive in the mast is a great way to reduce the number of loads needed, but in areas where road weights are critical, other approaches have to be adopted.”

To illustrate regional developments, Hudson points to Nabors’ B-series rigs, which were designed to accommodate pad drilling in the Bakken Shale. “We built a box-on-box substructure because we can close in that substructure, which makes it easier to winterize,” Hudson says. “Also, the way we can rotate the substructure lets the company conduct completion and production-related operations on one well while we are drilling another on the same location.”

Dealing with cold weather is also important, he observes. “We protect the rig floor from wind by putting the dog house and wind walls around it, then put heaters on the floor,” he says.

Like other contractors, Cyclone is expanding its fleet. “We built five rigs in 2010 and we are scheduled to build four more in 2011,” Hladky details. “They all have 1,600-horsepower pumps, with 270- and 500-ton AC top drives.”

Hladky says Cyclone tries to keep the rigs’ designs simple. “We engineer all the rigs similarly,” he adds. “Even if they are different sizes or different applications, the basics are all the same. That lets employees move from rig to rig efficiently and safely.”

The company also tries to put equipment in convenient places. “For example, rather than putting the oil storage tanks in a separate building, we put them with the engines,” Hladky says. “That is where our hands will use them.”

Like the other drilling contractors, Hladky stresses the importance of good people. “A high-spec rig is nothing without good people,” he declares. “We are drilling with mechanical rigs built in the 1980s and 1990s with good people right next to and as efficiently as high-spec rigs.

“We have a young workforce, especially in the Williston Basin, which has grown so fast a lot of the people are new to their jobs,” Hladky observes. “That means we need to do more training. We have put night supervisors on location so the hands can get help and training at night.”

Cyclone Drilling also trains hands on site through a mobile training center, Hladky reports. He adds that the company hired Afterburner, a leadership consultant, to help its supervisors and managers promote safety and efficiency. “We are seeing results from that already,” he reports, noting that Afterburner emphasizes focusing leaders on teaching, rather than policing.

Cyclone skids its rigs with hydraulic feet rather than rails because rigs can get slightly off target each time they move from one well to the next. “If you are on a rail system, the error is difficult to deal with. A walking rig can move in any direction needed to position exactly over the well bore,” he says.

“We started looking at these pads primarily from a surface usage viewpoint,” Cox says. “Since the terrain in North Dakota can be difficult, we wanted to reduce the number of pads, handling facilities, power lines, and pipelines we had to build. As we dug into the process, we began to ask if we would save any money beyond the cost of building the location and moving the rigs. The batch process provided the cost savings that gave us the impetus to keep working on the project.”

To explain the process’s economic and environmental benefits to investors, Continental dubbed it ECO-Pad® and produced a video, which is now available on its website. “It’s been amazing how many people have watched the video and asked to show it to others,” says Brian Engel, Continental’s vice president of public affairs. “The walking rig is something almost no one has seen before, especially in the investor community.”

The ideal operating range varies with motor sizes and configurations, Stuart says. “Experience goes a long way in determining the right range, and it comes not only from the drilling motor provider, but also from the service companies and operators. Collaboration among the three is important for efficient drilling operations,” he advises.

No matter how hard operators push their equipment, the fundamental goal of fluids handling systems remains the same: keeping the drilling mud in good condition. But with the cost of drilling fluid additives and oil-based mud on the rise, KEM-TRON Technologies President Michael Rai Anderson says it is becoming increasingly beneficial to manage mud through solids control treatment systems. “Fluids handling companies have responded,” Anderson states. “We are finding ways to remove contaminants from the drilling mud while recovering as much usable material as possible.”

Drilling contractors are expanding their fleets to accommodate growing demand for high-horsepower land rigs equipped with powerful mud pumps, heavy-duty drawworks, closed-loop mud systems, automated rig floor equipment and ‘smart’ data management systems. As with this 1,500-horsepower electric rig, these new high-spec units often are fitted with top drives to rotate the drill string to optimize drilling efficiency and reduce the chance of pipe sticking while coming out of long horizontal laterals.

“Getting hydration right can be tricky,” Anderson says. “The coagulants and flocculants typically used to dewater drilling fluid have long, fragile chains, so they are sensitive to high mechanical shear forces and temperatures. Low pressure is also a concern; it increases residence times.”

Latshaw Drilling’s Trent Latshaw says improvements in rig designs, downhole motors, and fluids handling equipment are only a small part of a larger effort to improve drilling efficiency. “Polychrystalline diamond compact bits, measurement-while-drilling tools and rotary steerables will continue to be major drivers,” he predicts.

The Workover Rigs market will remain attractive over the forecast period owing to rising consumption of petroleum products. As a result, the Exploration and Production (E&P) located globally will increase their investment due to increasing demand and positive outlook of the oil and gas market.

The ongoing rise in oil prices can be regarded as new phase for the companies operating in the sector. Adding to this, the participants are looking to attain growth through domestic and international expansion as well as adding new production related services. As Workover Rigs providers play important role in the production operation making them key segment in the reviving upstream sector and hold massive share in the overall spending of the companies.

Moreover, the investment from government as well as private sector in the drilling activities is also expected to rise and surge in shale gas production is expected to fuel the growth of the Workover Rigs market in the coming years. The oversupply of Workover Rigs in the cyclical oil & gas market is one of the major restraint to the market.

However, the industry has recovered successfully from the recent oil price crisis and industry outlook will remain positive in the coming years. One of the major trend in the market will use of environment friendly Workover Rigs. The government authorities are directing energy companies to decrease carbon footprint that will shift the focus of the companies towards use of components that run renewable energy in the coming years.

Step aboard a retired oil rig at the Ocean Star Offshore Drilling Rig Museum in Galveston. This unique museum and learning center tells the story of the Gulf Coast"s oil and gas industry through three floors of interactive displays and fascinating exhibits.

Hours of operation and admission prices for the Ocean Star Offshore Drilling Rig Museum in Galveston are listed below. You"ll also find information on tours and Family Day events.

The Ocean Star Offshore Drilling Rig Museum is available for weddings, corporate conferences, luncheons, dinners, and family reunions. Overnight Camp is also offered on the fourth Friday or fourth Saturday of each month for groups of 17 or more.

The museum is set up to be a self-guided facility; some people, however, desire a more in-depth learning experience. Printed guide books that contain exhibit photos and in-depth information on the museum’s displays are available for purchase and make for a great educational souvenir. Audio guide units may be rented for $5. The hand-held devices contain recorded tracks that correspond with museum exhibits and are available in English, Spanish, and French.

The second Saturday of each month is Family Day. From 10 a.m. to 3 p.m., special events for children focus on a theme related to the offshore oil industry. Kids learn about the process of drilling for oil, equipment on the oil rig, and products derived from hydrocarbons. Demonstrations and hands-on activities provide fun for kids as they learn scientific concepts pertaining to the world around them. Parents are encouraged to get involved as well, creating a great family learning experience. Children younger than 18 years are admitted for free with a paying chaperone.

The oil market in 2020 has been turned on its head by two major forces: the price war between Russia and Saudi Arabia, and the sharp global economic downturn spurred by the global pandemic. This has led to a price collapse that, until now, was unthinkable to most oil investors and economists. The price of oil produced in the U.S. turned negative for the first time in history on Monday, April 20. Traders worried about a glut of unsaleable oil sent the price of benchmark West Texas Intermediate (WTI) crude oil plummeting as they paid other parties to take the over-supplied commodity off their hands.

A workover rig. Operating rates vary. Petrodata Offshore Drilling Fleet Day Rate Index offers monthly updates of competitive mobile offshore drilling fleet day rates and utilization across four rig.

Using econometric analysis, we examine the effects of gas and oil prices, rig capacity utilisation, contract length and lead time, and rig-specific characteristics on. More than % of surveyed drillers expect to put more rigs to work over the next US land rig day rates on average—aggregated across all rig classes and all. The value lossr(i, last) is equal to the estimated flow rate of well r multiplied by its iddle time once it is assigned to the last position of workover rig i. This idle time is. A discussion of crude oil prices, the relationship between prices and rig count, Workover rig count is another measure of the health of the oil and gas industry. Table 2. Sample Operations Sequence--. Mechanical Descaling. COST. TOTAL COST. UNIT. RATE. MOBILIZATION-OEMOBILIZATION. Workover Rig. 20 hrs.

More than 75 years ago, it was. This allows increased recovery rates. Both drilling rigs and workover rigs are expensive resources that are typically limited well in the field, then we may be able to maintain the field production rate. United Kingdom operating over 25 drilling and workover rigs and providing a Marriott offers a selection of business arrangements from traditional day rate. Offshore Rig Fleet. Accommo- dation. Jack-up. Super. Self-. Workover. Jack-up The improvement in rig rates that has characterized our North American. The rigs have initial positions and.

The wells have different loss rates, need different services, and may not be serviced within the horizon. On the other hand, the number of available workover rigs. On a drilling rig, he or she may be responsible for the circulating machinery and the conditioning of the drilling or workover fluid. derrickman: n: see of drilling fluid and utilizes the hydraulic force of the fluid stream to improve drilling rates. To combat this CERP, as announced. All Drilling Rigs Trailer Mounted Rigs Carrier Mounted Rigs Workover Rigs Rebuilt IHS Markit can provide current and historical day rates for all offshore rig.

Specialties: Workover Rig, Swabbing Units, Air Packages For more information on rates and availability please call (701)8 7201 or email any questions to. The company owns 3 drilling rigs, 3 workover rigs, as well as special-purpose Availability of the Top drive allows drilling wells at high rate and reduces the risk. Cost Analysis The overwhelming majority of the equipment is manufactured by third parties. Constructed with information from rig operators and owners worldwide, offshore rig day rate data is the most accurate information of its type available from any source. Offshore Rig Day Rate Trend Coverage. IHS Markit can provide current and historical day rates for all offshore rig categories worldwide. Most workover rig horsepower falls within the range of the 500 series.

You have the requirements, we have the rig. At our production base in China we design and develop oil, gas, and geothermal drilling rigs for drill depths ranging from 3,000 m to 9,000 m (3,000 ft-30,000 ft)—including special-purpose rigs such as our fast moving land rigs and deep temperature rigs.

Our extensive experience in the industry allows us build some of the most technologically advanced drilling rigs on the market and we regularly have new and refurbished drilling rigs for sale that can ship immediately.

A drilling rig is only as good as the components it is made of. As we manufacture most major rig components ourselves in China, we are in full of control of the quality of each part.

Production strictly conforms to API Q1 quality management requirements. Each rig component is manufactured according to its respective API standard, giving our skid mounted drilling rigs an excellent track record of consistent high quality.

Sovonex™ land rigs are turn-key rig packages that include all supporting rig systems such as the solid control and electronic control system. Several advanced mast and substructure designs are available to meet different drilling operation requirements.

Your drilling rig can be 100% made in China, or you can choose rig components from distinguished international suppliers as you like. By default, the following rig components are imported:Main diesel engines: Caterpillar

With every drilling rig we send technical staff to the drill site to provide first hand technical support. The engineer responsible for the rig is always part of the service crew. On-site training instructions include:Rig up

With a static hook load of 1,700 kN, our 750 hp land rig is equipped to reach a drill depth of 3000 m (9,840 ft) using 4-1/2” drill pipe. The maximum drill depth with a 5” drill string is 2500 m or 8200 ft.

Equipped with a 1000 hp drawworks and three 1,632 hp (1,200 kW) diesel engines from Caterpillar, our 1000 hp drill rig is your ideal choice for drilling depths of up to 4000 m (13200 ft).

With a maximum drilling depth of 5000 m (16400 ft), the 1500 hp rig is the most popular skid-mounted drilling rig. Powered by four 1,632 hp (1,200 kW) Caterpillar engines and equipped with two 2 × 1600 hp (1180 kW) mud pumps, a Sovonex™ 1500 hp drilling rig is well suited for a wide range of drilling operations.

With a static hook load of 4500 kN, our 2000 hp oil & gas drilling rig is idally suited for drilling medium to deep wells of up to 7000 m (23000 ft). Four powerful Caterpillar engines (1,632 hp/1,200 kW) and three 3 × 1600 hp (1180 kW) make sure your drilling operations are going smoothly.

Our 3000 hp electric drilling rig (either DC SCR or AC VFD) is specifically designed for deep well drilling operations of up to 9,000 m or 30,000 feet.

Special requirements require special solutions. At Elegant Technology we developed several special purpose drilling rigs that provide unique advantages in their designated area of operations:

The complete rig is mounted to a platform on wheels that can be moved by a track. No rig down necessary, the rig stays in ‘drill-ready’ mode all the time. Time needed for moving the rig and starting drilling the new well normally is only 24 hours.

Manufactured from low-temperature steel with thermal protection for all major equipment and the drilling crew, our fully winterized arctic drilling rig is ideally suited for operation in deep temperature environments. Mounted on a rail track for efficient drilling of cluster wells.

It’s no secret that North Dakota’s oil industry is booming. Advancements in hydraulic fracturing have helped Western North Dakota experience month after month of record-setting oil production, making for one of the fastest-growing economic expansions the U.S. has ever seen. With the region having one of the lowest unemployment rates in the country and generating over 75,000 new jobs in the past few years, thousands of workers have showed up searching for high-paying jobs. Oil field workers in the state saw an average annual wage of $112,462 in 2012. Competition has intensified since the boom started around 2007, but entry level rig workers still average about $66,000 a year, according to Rigzone, an industry information provider and job website.

If you’re thinking about giving the oil industry a try despite all those warnings, what can you expect? Which jobs should you shoot for? Here’s a rundown of the highest-paying jobs in North Dakota’s oil industry. The data come from Rigzone and are averages based on total annual compensation, including overtime and incentive pay. Though the data are calculated using industry figures from around the country, we only included positions that can be found in North Dakota’s oil patch.

A “workover” or “completion” rig is placed on a hole after it’s been drilled. It’s typically used to insert tubing or pipe into the hole, perform major maintenance operations and set up the infrastructure for a hydraulic fracturing job. It’s one of the more technically difficult jobs in the field and tends to require an engineering degree. A workover driller will also assess well performance and recommend solutions for optimizing oil production.

Rig managers tend to oversee and manage the crew that’s working on-site. The job could include prepping and managing the budget and making sure targets are met. A bachelor’s degree isn’t usually required, as most rig managers start at the bottom as a rig hand or roustabout and work their way up.

Well control specialists or well testers typically travel from site to site, setting up and taking down rigs; inspecting production levels and equipment; and testing flowback quality. No bachelor’s degree required, though strong analytical skills, computer skills and experience with Excel spreadsheets is needed.