workover rig diagram price
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Founded in 1969, RG Petro-Machinery Group Co., Ltd. is the manufacturing base of Chinese major technical equipment and fast move petroleum drilling rigs. At present, it has 12 subsidiaries with 9 production and supporting branches. Its main products include 12 series of more than 200 varieties, such as truck-mounted drilling rigs, skid-mounted drilling rigs, trailer-mounted drilling rigs, workover rigs, oilwell logging equipment, and integrated automatic well service equipment.RG Group has established a complete scientific and technical research and development system. It has academician workstation, post-doctoral scientific research workstation, and the National Petroleum Truck-mounted Equipment Standardization Work Department. It is responsible for hosting in drafting the national petroleum and petrochemical industry truck-mounted equipment standards. It has a nationally recognized enterprise technology center and metrology inspection laboratory, and has strong machinery fabrication and system integration capabilities. The company has passed ISO9001 and API Q1 international quality system and been authorized to use API 4F, 7K, and 8C monograms since 1990s.RG provides the oil and gas drilling equipment and all-round services according to the demands of the customers globally, including drilling services, equipment maintenance services, engineering services, inspection services, and equipment leasing etc. RG Petro-Machinery Group Co., Ltd. makes the great efforts to provide the first class equipment and services for the oil and gas industry of China and the world.
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.
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Workovers are the most common expenditure operators need on their oilfields. However, finding a service provider and getting their rates are not readily available in the industry. Operators would benefit from knowing the market average for a workover and gain reassurance they are getting a fair price for their services. This research is based on finding workover rigs for Zapata, Texas. The graph represents four service provider companies and their hourly rate for a workover rig.
It is important to note that due to slower oil development in recent years from the downturn in 2015 to the pandemic and downturn in 2020, smaller workover rig companies in Zapata, Texas have increasingly moved to the Permian Basin or have been acquired by larger service companies in the area. This has caused the workover rig service industry to be dominated by a few major servicers around Zapata. For Zapata, the ideal areas to look for servicers or workover rigs are Alice, Laredo, and Freer in Texas.
Hourly rates for workover rigs vary and there are always competitors for services, especially for services as common as a workover rig. The market average price for a service provider is intended to provide the oil and gas operator better insight on the cost of services around their area.
An operator who wanted bids on a workover for his well requested this vendor list and decided to get connected with Company B to get the work done. He said it was a quick decision because what he was already paying for and what he was going to pay for cost more than the rates on this list.
Well Service | Workover Rigs - 844/80 Double drum draw works. looks to be recently rebuilt. Has new Lebus Grooving on Tubing Drum. Comes w/ 250 HP 2 speed jackshaft/RA BOX. More Info
Well Service | Workover Rigs - CARDWELL KB200B Freestanding Oilfield Workover Rig / Service Rig / Pulling Unit, Service Rigs, Used Cardwell KB200B Freestanding Service Rig, 5 Axle Carrier, Detroit 8V71... More Info
Well Service | Workover Rigs - WELL SERVICE RIG - COOPER 350 Well Service Unit p/b DETROIT 8V-92 Diesel Eng, ALLISON 750 Trans, 42X12-38x8 DRAWWORKS w/dual disc assist, 97â 200,000# Telescoping M... More Info
Well Service | Workover Rigs - CROWN 350 SERIES -- SERVICE KING 104" 205,000# DERRICK, CAT3406, ALLISON 5860,38X10 DOUBLE DRUM DRAWWORKS, CROWN SHEAVES REBUILT 2013 MAIN26âX4,SANDLINE 22â, NE... More Info
Well Service | Workover Rigs - 2008 Crown/Cabot 1058 Service unit mounted on 4 axle carrier w/Detroit 60 Power. New 5860 Drop Transmission. 72" Double rod/single tubing Derrickmast 125000# Rig is in Ex... More Info
Well Service | Workover Rigs - WELL SERVICE RIG - FRANKS 1287-160-DTD-HT D/D Well Service Unit p/b DETROIT 8V-71N Diesel Eng, ALLISON CBT-4460-1 Trans. SERVICE KING 96" 180,000# Hydraulically Raised & ... More Info
Well Service | Workover Rigs - FRANKS 300 D/D 1287 w/hydromatic brake, Well Service Unit p/b DETROIT 8V-71 Diesel Eng, ALLISON 750 Trans, (Reman Dec 2011) FRANKS 96âH 150,000# Tri-Scope Telescopin... More Info
Well Service | Workover Rigs - FRANKS 658 D/D Well Service Unit p/b CAT 3406 Diesel Eng, ALLISON HT-750 Trans, FRANKS 96âH 180,000# 4-Leg Telescoping Mast, Hydraulically Raised & Scoped w/4-Sheave... More Info
Well Service | Workover Rigs - FRANKS 658 D/D Well Service Unit p/b Series 60 Detroit Diesel Eng, ALLISON 5860 Trans, 102âH 225,000# (on 4 line) Telescoping Mast, Hydraulically Raised & Scoped, Db... More Info
Well Service | Workover Rigs - IDECO H35 96̢۪ 210,000 MAST, DETROIT 60 SERIES ENGINE, ALLISON 5860 TRANSMISSION, REFURB 2005, IDECO DERRICK REPLACED WITH NATIONAL DERRICK, TUBING DRUM CON... More Info
Well Service | Workover Rigs - IDECO RAMBLER H-35 Oilfield Workover Rig / Service Rig / Pulling Unit, Service Rigs, Used Ideco Rambler H-35 workover rig / service rig / pulling unit, 4 axle carrier, De... More Info
Well Service | Workover Rigs - 2015 INTERNATIONAL PAYSTAR 5900 Flushby Unit. C/w 2003, Refurbished in 2015, Western Fab Ltd. flushby unit, s/n 03-09-1008, 50 Ft. Mast height, 50,000 lb. pull rating, fr... More Info
Well Service | Workover Rigs - 2005 KENWORTH T800 Flusby Unit. C/w Lash Ent. flushby unit, 47 ft mast, slant compatible, 3x5 Gardner Denver triplex pump, 5000 psi, 2005 Advance 8m3 tank, TC 406 code, P... More Info
Well Service | Workover Rigs - 2003 KENWORTH T800 Flushby Unit. c/w Online flushby unit, 47 ft. mast, slant compatible, Pullmaster HL25 wotking winch, Pullmaster PL5 catline winch, 2002 wabash two comp... More Info
Well Service | Workover Rigs - 2005 KENWORTH T800B Flushby Unit. c/w Online flushby unit model 50-50, s/n 24641, 40 ft. mast,Salnt compatable, Pull master HL25 and PL5 winch, Gardner Denver 3x5 triplex... More Info
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WILSON WELL SERVICE RIG (Ref#3000Ta) 103’ x 248,000# derrick, Out of service since 2017, lot of rust, will start and run and/or drive down the road POR
Refurbished, 700 hp, Double drum 2042 drawwroks with Parmac 202 brake assist, (2) Caterpillar 3406 Engines, (2) rebuilt Allison 750 6 speed auto transmission with reverse. 112" x 300,000 # hook load capacity on 8 lines, clear height 97 feet, leg spread 7" 6-1/2", racking board, oil bath chain case, elevated rotary drive, all raising lines and guidelines. The Draw-works, hydro-mantic break, and crown assembly have been rebuilt. Heavy duty Draw works drive propeller shaft through right angle gear box, rotary drive propeller shaft, heavy duty reverse gear box and oil bath roller chain, and a self-locking handling winch. Mounted on triple front axle mechanical 6 axle carrier with 134,000# capacity designed to meet highway safety standards with necessary toughness for off road operations. Price: $265,000
Derrick fell onto rig when being raised, derrick would need to be replaced or repaired. Built 1981, double drum, 42 x 12, 42 x 8, swab drum removed from jack shaft, 5-axle back in carrier, 250,000# derrick with double racking board and triple rod basket, Cat 3408, CLT 5860 transmission, Cooper right angle box, 4 hydraulic leveling jacks, air rod transfer in derrick, hydraulic winch, Kerr 6 cyd 10000 psi Mustang pump powered from jack shaft, Kerr 3-valve release 10,000 psi, tong carrier f/Foster, steel work platform, Parmac 22 SR hydromatic brake. Extra rebuilt 3408 Cat engine. Price as is: $112,500
Manufactured 1981, mounted on 5 axle carrier, double triple service rig, 96’ x 250,000# derrick, Detroit Series 60 12.7 diesel engine, Allison transmission, 9/16” sandline, 1” drill line, hydraulic jacks, hydraulic catwalk, travelling block, tubing bard, rod basket and all necessary lines. Tooling not included. Price: $115,000
Manufactured 1983, double drum, 96’ x 180,000# derrick, mounted on 5 axle carrier with 92T engine, Allison transmission Price rig only: $300,000 Price with tooling:$340,000
WILSON 42 WELL SERVICE RIG(Ref#7562Ta) Manufactured 1975, 180,000# Pemco double/triple derrick, mounted on Wilson carrier with Detroit 8V71 engine, 4 hydraulic leveling jacks, ready to work Price rig only: $74,500 Price with tooling: $94,500
Manufactured 1983, 70" x 120,000# non telescoping stiff mast, double drum 26 x 8, Detroit 6V71 diesel engine, 740 Allison transmission with Spicer power divider, mounted on 4 axle carrier. Rig runs and truck drives, stacked for several years, good condition Price: $93,500 USD
FRANKS 500 WORKOVER RIG(Ref#7615Tc) Built 1980, refurbished 2018, 102’ derrick, 150 ton blocks, 15,000’ sandline, new engine and transmission, ready to work Price: $430,000
FRANKS 400 WORKOVER RIG(Ref#7615Ta) Built 1979, refurbished 2017, 102’ x 215,000# derrick, 100 ton blocks, 15,000’ sandline, 4 lines Price: $390,000
FRANKS 300 SERVICE RIG(Ref#1169Ta) 4-legged derrick, Series 60 Detroit engine, 6850 Allison transmission, blocks, Foster tongs, mounted on 4 axle carrier, working condition Price: $37,500
WILSON MOGUEL 42 WELL SERVICE RIG(Ref#3177Tb) Two available, 96" x 280,000# mast, Detroit Series 60 engine, 5860 Allison transmission, mounted on 5 axle Wilson carrier, handling tools Price: $315,000
Workover rig with 83’ telescoping derrick, 10’ crown extension, 200,000# lift capacity, 100,000# snubbing capacity. Catwalk with 42’ reach, forward and revere motion, hydraulic pipe slide, six portable pipe racks, powered by workover rig. 5000 ft/lb hydraulic rotary, 15k psi working pressure capability kelly hose, 300 ton mast with 5 x 5 heavy wall box tubing and 2 x 2 heavy wall cross sections, (2) mast raising cylinders, 9-1/8 x 25’ telescoping cylinders/crown sheaves with cable guides, (2) winch sheaves/snubbing sheaves, SRS fall protection, retractable flow tube design, non-swivel boom pole on curb side winch, (2) mast supports, 1” lifting cables, mounted on 5 axle Crane Carrier (3rd axle drop), with 375k Volvo Penta engine, 150 gal fuel capacity, hydraulic self-leveling components, 6 speed Allison transmission, 1:1 gear box, (2) 65 gpm pumps, (2) 30 gpm pumps, (1) 28 gpm Commercial shearing pump, 40 gal accumulator storage, single man cab, hydraulic leveling jacks Price on Request
Manufactured 1960’s, double drum, single rig mast, 64’ x 250,000# (tubing and rod racks), 70 ton blocks, 2 lines, Detroit diesel 60 gpm @ 2000 psi, hydraulic system, air clutch. Rig was refurbished 2013/2014 at a cost of $130,000: repairs included used 65’ derrick installed, new 1” main line, repairs to air system, hydraulic system upgrade, leveling jacks, derrick ljghting, tires, 70 ton blocks installed. But the rig has been sitting since 2015 and now needs rebuilding. It doesn’t run. Price as is: $19,500
Manufactured 1980, completely refurbished 2004, 5 axle double drum well service unit, double 15 Parmac brake on main drum, 96" x 180,000# hydraulic raised mast, mast lighting, Detroit 60 Sereis engine, 5860 Allison 6 speed transmission, 4 hydraulic leveling jacks, dual manual outriggers, PD12 Braden utility winch, McKissick 100 ton tubing block 21-31 diving, 1000" of 1" tubing line, 13000" of 9/16" sandline Price: $225,000
CARDWELL KB200B SERVICE RIG(Ref#11674Ta) 72’ x 140,000# stiff mast, 40 x 10 double drum drawworks, 2 aux deck winches, tubing board, rod board, cat walks, railing, stairs, floor BOP controls and accumulator bottles, McKissick 75 ton tubing block and hook, mounted on 5 axle carrier, Detroit 8V71 diesel engine, Alliston CLBT4460 auto transmission PRICE: $127,500
Rig manufacture 1980, mounted on 1980 GMC Brigadier with Cat 3208 engine, includes elevators & misc tools, also includes 1996 1-ton Super Duty tool truck, tandem axle, Cat 3208 diesel, sitting 1-1/2 years Price: $92,500
1980, 475 hp, single drum (new), reworked, 96" x 205,000# hydraulically raised mast, 6 lines, crown block: 3 new sheaves blocks and bearings, racking board, guide wires, (2) hydraulic hoist, weight indicator, block, elevator links, fall safety device, work platform, mounted on 4 axle carrier with Detroit Series 60 diesel engine, Allison transmission, rig in excellent condition and has been well maintained, ready for use PRICE: $115,000
SKYTOP BREWSTER RR400(Ref#13190T) Mounted on 4 axle carrier, single drum drawworks, 8x7 disc assisted brakes, tubing board, Cat3406B engine, Allison 860DB transmission, 100 ton McKissick block, Foster 58-92R tongs, misc hand tools, approx 36" base beam for rig, ready to work Price: $110,000
Refurbished 2017, 4 lines, 96’ x 205,000# mast, 8V71 Detroit engine, mounted on CCC, 75 ton McKissick blocks, tubing board, rod basket, work platform, rigged up and working in field Price: $295,000
Manufactured 1977, 72’ x 125,000# derrick, 8V71 Detroit engine (rebuilt), Allison 750 transmission, 6500’ of new 5/8” sand line, tubing line new, drum brakes new, new style McKissick blocks, working daily Price rig only: $157,500
Double drum drawworks with hydromatic brake, 10" brakes, 96" x 180,000# derrick, mounted on 4-axle PEMCO carrier with hydraulic support legs, 8V71 Detroit, 4460 Allison transmission, Spicer 784 split shaft gearbox, 250 hp right angle drive, 650" of 7/8" tubing line, 8000" of 9/16" swab line, 100 ton Sowa block, hydraulic winch, hydraulic weight indicator, 84" links, 2-3/8" and 2-7/8" tubing elevators, BJ tubing slips, Foster 5893R power tongs with lift in derrick, rod hook, rod stripper, rod elevators, wrenches, transfers, rod fishing tools, misc hand tools and connections Price: $140,000
Manufactured 1974, double drum drawworks, double triple 96" x 180,000# derrick with a hydromatic. The rig has working line with heavy traveling block and approx. 12,000" 9/16 sand line. Mounted on Skytop carrier with tandem steering and rear ends 4 axles W/ tag axle, 4 leveling jacks, powered by an 8V-71 with a Allison 4460 transmission, (note transmission was overhauled in early 2000"s) and the engine has a new head on right bank. The rig has two leveling jacks on the rear and two leveling jacks on the front which are located right behind the steering axels. Tooled out with hydraulic rod and hydraulic tubing tongs, air slips, rod and tubing elevators, hand tools and misc over items. PRICE REDUCED: $115,000
10 x 13 pole, double Drum, Franks 33” air over grease, brakes in good shape, 7/8” tubing line, tubing blocks, tong pressure adjustment, hi/low on tubing, air slips control, master kill on drawworks, Foster 36 with 8’ lift ram, air backup, swing around tong rack, mounted on 2001 Freightliner F80 truck, Cat C12 Series 3125, Fuller 9-speed transmission, PTO, winch for pole scope Tulsa 48, blocks raise pole, dual fuel tank, dual battery, 50 gal hyd tank, toolboxes, hydraulic outriggers, BJ rod tongs, ¾” and 7/8” heads, tools, swabs, extra tongs, orbits, drilling head Price: $242,500
Double drum (second drum is removed, rig is running as single drum), hyd pole and down riggers, mounted on 1990 Crane Carrier, 9 sp Eaton Fuller transmission, 100,000 miles, 8 x 10 telescoping poles, 3/4” cable, no tooling Price: $52,500
10 x 13” pole, single drum, mounted on 1980 Brigadier 9500 Series truck with 671 inline Detroit, drop box, travelling blocks, tubing lines, hyd jacks, no tooling, sitting since 2000 PRICE: $49,500
Cable Tool Drilling and Completion Rig, 60" double poles rated to 150,000#, 5000" drill capacity, 10,000" pull capacity, propane Waukesha 145 engine, 500 gal propane tank, trailer moutned with International 4300 truck, last drilled 2012, 2300" drill line on drum, 3500" on spool casing drum, heavy block sandline drum, cat heads each side, tooling, spare engine Price: $72,500
400’ of 7/8” block line, 9/16” sandline drum (no cable), 2000’ of ¾” drilling drum, 3 McKissick sheaves, air clutches and controls, mounted on 1961 Mack truck with 250 hp Cummins engine, older rig but runs good. Includes elevators, oil saver pump, no BJ tongs, currently working. Price: $87,500 - Pennsylvania
Triple drum, friction clutch, cathead (sandline holds 2400’ of 5/8” line), mounted on tandem axle Chevy truck with 427 gasoline engine, 8-5/8” x 45’ single pole, new tires, power steering, wireline unit, good usable rig for shallow oil/gas lease, drills, workover, swab capabilities, no tools Price: $112,500 - Oklahoma
Pumping services tend to get more expensive offshore, because of the degree to which the equipment must be assembled on location. Wire based services still require assembly, but because the parts are smaller can usually be mobilized in larger ‘chunks’ thus requiring less assembly on location. On land, fluid pumping equipment is much more readily portable on trucks or trailers. Workover rigs on land are incredibly cheap in most places as measured on a per diem basis. Part of their advantage is that they arrive to location with most of their key components already assembled in/on one truck. This advantage disappears offshore where the rig must be assembled on site first.
Paying for a drilling rig or intervention vessel is the price of gaining physical access to the well. Everything else must be added to it to get physical access to the general area and then gain access to the well. There is no need for various forms of standalone pumping services because the vessel or rig will already have a cementing unit and/or the mud pumps available for that sort of work.
Performing the same operation over and over again has significant cost savings attached to it. Once the correct housing and supply arrangements are in place, and all the necessary people and equipment have been assembled, continuing to use it altogether ‘as is’ can save an enormous amount of money compared to dispersing it all and starting over again later. For land operations, this is most pronounced in areas where reservoir, surface, and operational practices allow for grouping wells together in relatively small areas, and for clustering well pads. Depending on what work is being done to the wells and how close together they are it may be possible to ‘hop’ from one well to the other without ever moving the equipment on a road or doing a complete rig-down.
Deepwater operations can benefit from this too, but not as much as ‘traditional’ fixed or surface access facilities, because the overall day rate of the rig or intervention vessel is often much higher, and the process of switching between wells is often much lengthier.
The costs of conducting business in each of these 3 areas tend to scale very roughly in factors of 10. 100 wells making 50 bbls of oil each on land is a cash cow. Offshore that is a disaster, because the cost of servicing those wells is prohibitive. A more reasonable scenario is 10 wells making 500 bbls of oil each. In deepwater, a well making 500 bbls of oil a day is an abandonment candidate, if indeed it got that far along before abandonment. One well making 5,000 bbls a day is more. The direct cost of hiring (for example) a snubbing unit do not scale by factors of 10, but the overall cost of employing a snubbing unit do. As a result, different types of well servicing make sense in one area which may not make sense in another. On land in areas with ordinary access to infrastructure (not the Sahara or Alaska) operations like slickline are often so cheap that they are a routine procedure, with preventative or predictive maintenance schedules to scrape away paraffin or remove small amounts of scale. By contrast, it is completely cost prohibitive to try and attempt to perform similar work in deepwater – you either design and operate the well in such a way that paraffin and scale do not build up in the wellbore at appreciable rates, or you P&A the well. The cost of routine mitigation is simply too high. The relative cheapness of most workover rigs on land is another major factor. Many types of operations which could in theory be carried out in some other way are done with a workover rig simply because it is the most cost-effective technique, even if other methods might be faster, or involve fewer people. The relatively high cost of a rig for offshore facilities means that in most cases every effort short of getting a rig is tried first. Then a catalogue or list of operations to be conducted by a rig at a given facility will be gradually built up over time until they reach a critical level. At that point, a rig will be sent out to conduct all the operations which only it can perform, moving from one well another to save costs by making the work repeatable.
Pumping services tend to get more expensive offshore, because of the degree to which the equipment must be assembled on location. Wire based services still require assembly, but because the parts are smaller can usually be mobilized in larger ‘chunks’ thus requiring less assembly on location. On land, fluid pumping equipment is much more readily portable on trucks or trailers. Workover rigs on land are incredibly cheap in most places as measured on a per diem basis. Part of their advantage is that they arrive to location with most of their key components already assembled in/on one truck. This advantage disappears offshore where the rig must be assembled on site first.
Paying for a drilling rig or intervention vessel is the price of gaining physical access to the well. Everything else must be added to it to get physical access to the general area and then gain access to the well. There is no need for various forms of standalone pumping services because the vessel or rig will already have a cementing unit and/or the mud pumps available for that sort of work.
Performing the same operation over and over again has significant cost savings attached to it. Once the correct housing and supply arrangements are in place, and all the necessary people and equipment have been assembled, continuing to use it altogether ‘as is’ can save an enormous amount of money compared to dispersing it all and starting over again later. For land operations, this is most pronounced in areas where reservoir, surface, and operational practices allow for grouping wells together in relatively small areas, and for clustering well pads. Depending on what work is being done to the wells and how close together they are it may be possible to ‘hop’ from one well to the other without ever moving the equipment on a road or doing a complete rig-down.
Deepwater operations can benefit from this too, but not as much as ‘traditional’ fixed or surface access facilities, because the overall day rate of the rig or intervention vessel is often much higher, and the process of switching between wells is often much lengthier.
The costs of conducting business in each of these 3 areas tend to scale very roughly in factors of 10. 100 wells making 50 bbls of oil each on land is a cash cow. Offshore that is a disaster, because the cost of servicing those wells is prohibitive. A more reasonable scenario is 10 wells making 500 bbls of oil each. In deepwater, a well making 500 bbls of oil a day is an abandonment candidate, if indeed it got that far along before abandonment. One well making 5,000 bbls a day is more. The direct cost of hiring (for example) a snubbing unit do not scale by factors of 10, but the overall cost of employing a snubbing unit do. As a result, different types of well servicing make sense in one area which may not make sense in another. On land in areas with ordinary access to infrastructure (not the Sahara or Alaska) operations like slickline are often so cheap that they are a routine procedure, with preventative or predictive maintenance schedules to scrape away paraffin or remove small amounts of scale. By contrast, it is completely cost prohibitive to try and attempt to perform similar work in deepwater – you either design and operate the well in such a way that paraffin and scale do not build up in the wellbore at appreciable rates, or you P&A the well. The cost of routine mitigation is simply too high. The relative cheapness of most workover rigs on land is another major factor. Many types of operations which could in theory be carried out in some other way are done with a workover rig simply because it is the most cost-effective technique, even if other methods might be faster, or involve fewer people. The relatively high cost of a rig for offshore facilities means that in most cases every effort short of getting a rig is tried first. Then a catalogue or list of operations to be conducted by a rig at a given facility will be gradually built up over time until they reach a critical level. At that point, a rig will be sent out to conduct all the operations which only it can perform, moving from one well another to save costs by making the work repeatable.
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?
We have 6 Nos. of Mobile Work over Rigs with a capacity of 30 Tons. The following Job can be done: Setting of packer, Releasing of packer, Testing of casing, Bysetting of R3 packer, Testing of Tubing, Abandon of well by putting Cementing plug, Testing of plug, Installation of SRP, Testing of SRP, Clearing of well bore with with Five and half inch casing, Transfer of Zone by setting bridge plug. We are in contract with O.N.G.C since last 2003 and GREAT EASTERN ENERGY CORPO. LTD. CMB PROJECT at Asansol - Kolkata (West Bengal). The Rig Package consists of – Hydraulic Drill Pipes/ Fishing tools / Power Swivel up to 75 ton capacity.
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