how much does a workover rig cost factory

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.

About products and suppliers:Alibaba.com offers 224 workover rig manufacturing products. About 49% % of these are oilfield drilling rig, 28%% are mine drilling rig.

A wide variety of workover rig manufacturing options are available to you, You can also choose from diesel, electric and gasoline workover rig manufacturing,As well as from energy & mining, construction works , and manufacturing plant. and whether workover rig manufacturing is unavailable, 2 years, or 6 months.

This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

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, 97’ 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 MAIN26”X4,SANDLINE 22”, 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 96’H 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 96’H 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, 102’H 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

This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

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

Built 2012, 42 x 12 drawworks, Cat C15 (475 hp) engine,  112’ x 300,000# derrick, mounted on 5 axle carrier.  Includes skid mounted Gardner Denver PAH mud pump with Detroit 8V92 engine (gear end is good, but needs fluid ends machined or replaced).  Package Price:  $270,000

Manufactured 2014, 72’ x 180,000# derrick on 4-line (250,000# on 6-line), mounted on 5 axle carrier, Detroit Series 60, Allison transmission, all hydraulic, 8000’ of 5/8” sandline, 100 ton McKissick casing blocks, 1” line 42” x 12” casing drum, 42” x 12” sand drum, disc assist on casing drum, 1500 hours, 3000 miles.  Westco power tongs 1-1/2”, 2”, 2-7/8” and 5-1/2”, set of bails/links, tubing elevators 1-1/2” – 2”, rod hook, elevators, wrenches, swab tools, Martin Decker weight indicator, stored inside  Price:  $645,000

Built 2005, 104’ x 225,000# telescopic double free-standing mast, 42” x 10” drawworks, 38” x 8” sandline, Detroit Series 60 engine, Allision 5860 transmission, mounted on 5 axle carrier tandem steer/tri-drive, Level IV completed in 2014 (16,270 CAODC mast hours remaining)  Price:  $755,000 CDN (approx. $600,000 USD)

Built 1981, mounted on 5 axle carrier, Detroit 60 Series engine, 104’ x 250,000# mast, 5860 Allison 6 speed transmission, 100-ton McKissick spring loaded blocks, 2 winches, blocks, all lines, drill line, approx. 13,000’ of 9/16” sandline, all guy lines, load lines, belly lines, floor lines and 2 winch lines all with current tags, currently working, excellent condition  Price:  $320,000

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

Built 2010, Detroit 60 Series engine, 5860 Allison transmission, 103’ x 250,000# mast, double triple, 2 winches, McKissick 100-ton spring loaded blocks, all lines, drill line, approx 13,000’ of 9/16” sandline, all guy lines, load lines, belly lines, floor lines and 2 winch lines all current tags.  Excellent condition, currently working.  Price:  $420,000

Chinese built 2006, 8300 hours, 104’ x 250,000# derrick, rod basket and tubing board (18000’ tubing capacity), Detroit Series 60 diesel engine, 5680 Allison 5-speed transmission, sandline drum with 14,500’ 9/16” sandline (new January 2022), main drum with 1’ drill line on 6 lines with conventional brake pads and brake assist (new November 2021), brand new winch line (replaced May 2022), mounted on 6 axle carrier (2 steer, 2 drive and 2 tag), total weight 100,000 lbs., currently working  Price:  $270,000

Manufactured 1981, 400 CCC drawworks, single 22” Hydromatic, 96’ x 215,000# CCC derrick (level 4 inspected 2015), mounted on 5 axle carrier, Detroit 60 Series 14 liter engine, Allison 5860-2 drop box,  1 winch, work floor, McKissick 83 block, 72” links, BJ RS tubing tong with manual backup, pad type weight indicator, 2 7/8 – 2-3/8 100 ton, 14,000’ 9/16 sandline capacity, 875’ 1” drill line,   Price:  $395,000

Rebuilt 2010 to Level IV, Double drum drawworks, Detroit 6V53 diesel engine, Allison 5860 3-speed transmission, 60’ x 100,000# stiff mast derrick, 4 lines with 4’ well spacing, 35-ton McKissick block and hook (2) 17” sheaves 7/8” wire, 75-ton elevator bails with 25-ton elevator pickup adapter, working floor, stairs, handrails, lights, 20’ lubricator, 5000 winch with hook, tandem axle single steer drive carrier, located Canada  Price:  $120,000 USD

Manufactured 2008, 72’ x 150,000# derrick, Detroit Series 60 engine, mounted on 4 axle Crane Carrier, tooled out, Guiberson T60 air slips 100 ton casing blocks, Westco power tongs, currently working   Price:  $445,000

Double drum, 15,000’ of new 9/16” line, near new 4-line blocks, mounted on 5 axle Crane Carrier, 104’ x 250,000# mast, 750 Allison transmission, Detroit 60 series, currently operating  Price:  $130,000

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

Rebuilt 2010, double/triple, 8V92 Detroit with Turbo charger and after cooler, trailer mounted, single drum drawworks, Allison transmission 588 Series, 102’ x 225,000# derrick, gooseneck 3 axle trailer

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

110’ x 250,000# Cooper derrick, Detroit 60 Series engine, 6061 Allison transmission, 6 axle Pettibone carrier, 3 front and 3 rear axles, drop box converted to air control, tubing drum, sand drum, 24” Wichita clutches  Price:  $315,000

Manufactured 2009, Detroit 60 Series engine, 96" x 225,000# mast, mounted on 5 axle carrier, blocks, elevators, air slips, one owner  Price:  $420,000

Manufactured 2009, 96" x 205,000# derrick, TI 260 drawworks, 48" sandrum brake, 9/16" sandline, 1" Lebus grooved tubing drum, 60" turbing drum brake size, 41,500# max single line pull Price:  $425,000 PRICE REDUCED: $389,500

Built 1980, refurbished 2018, 102" x 250,000# mast, mounted on 5 axle carrier, new engine and transmission, 150 ton blocks, 15,000’ sandline, ready to work  Price:  $495,000

Built 1982, refurbished in 2018, 102" x 215,000# mast, mounted on 4 axle carrier, new engine and transmission, new drilling line, no sand line, 100 ton blocks, 2 winches, has not worked since refurbishment  Price:  $405,000

Manufactured 1982, 1287/160 DDHT, 96" x 215,000 hook load inspected mast, 122" hydromatic, Detroit 60 series engine (7500 hours), 750 5 speed Allison transmission, mounted on 4 axle carrier, 2 winches, work floor  Price:  $325,000

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

Series 60 Detroit engine, 750 Allison transmission, mounted on 4 axle carrier, block removed, drill line removed, cat line winch removed, some controls removed  Price:  $19,500

Manufactured 1980, (2) Cat C13 engines, Allison transmission on 6 axle carrier, 108" x 300,000# mast with mast lights, single 2042 drum drawworks with water cooled brake, 2 hydrraulic winches  Price:  $170,000

Manufactured 2004, Cat diesel engine, 96" x 250,000# mast, mounted on 5 axle carrier, blocks, elevators, air slips, needs new air lines  Price:  $170,000

Manufactured 2007, double drum, 104’ x 250,000# mast, Detroit 60 Series engine, mounted on 5 axle Crane Carrier, McKissick 73 150-ton blocks   Price:  $470,000

Double drum Wilson Sr and Wilson JR drawworks, sandline capacity 10000" of 3/16", mounted on tandem axle, 1987 Freightliner tandem axle truck powered by Detroit diesel engine, 2 hydraulic leveling jacks, Detroit diesel on deck, 50" hydraulically raised mast, brand new hydraulic cylinder just replaced for lifting derrick, has pulled a minimum of 3000" wells, all new hydraulics   PRICE:  $137,500

Manufactured 1979, double drum drawworks, Lebrus grooved for 1-1/8" drill line swedged to 1", 9/16" sandlne, Totco 190,000# weight indicator, air clutches, Parmac single hydromatic brake, hydraulic and pneumatic controls, Wilson 96" x 180,000# mast hydraulically raised and scoped, 3-stage raising ram, crown safety platform, double tubing board, triple rod board, ladder, guylines, adjustable working platform.  Wilson tandem axle front, tri axle rear carrier with Detroit Series 60 diesel engine, electric start, radiator, gauges, Allison automatic transmission, air compressor, hydraulic pump, single man cab, Braden hydraulic winch, hyd reservoir, water tank, 4 hyd levleing ajcks, folding walkways, safety rails, toolboxes, McKissick 100 ton block, 84"L elevators, Foster hyd tubing tongs, Gill rod tongs, Cavins Type C tubing slips, 2-7/8" tubing elevators, 2-3/8 tubing elevators, rod elevators  Price:  $245,000

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

Manufactured 1981, Double drum, 96" x 180,000# mast, drawworks brakes and swab brakes both converted to new style brake system, Detroit 60 Series with Allison 5860 tranmsision, 16" double hydromatic brake, 1-1/8" hammered drill line, 9/16" swab line, (2) 6" balls, (5) anchors, 2-1/2" wash pipe with 2" kelly hoist, Oil Country 5500 open face tongues for up to 5-1/2", good tires, mounted on 5 axle carrier  Price:$289,500

WILSON SUPER 38(Ref#3307R)  Double drum drawworks, friction clutches, Foster makeup and breakout catheads, Cummins 250 disel engine, Spicer 4 speed transmission, 70’ cantilever mast, 4-sheave crown block, racking board, mounted on 8’W x 22’L tandem axle trailer with folding walkways, mast base, 4 manual jacks, Budd wheels, National Ideal 75 ton 3-sheave block with hook, Price:  $45,000

Double/Triple 96" x 225,000# derrick, 60 Series Detroit engine, mounted on 4 axle carrier, 750 Allison transmission, sandline, blocks  Price:  $72,500

Built 1980, 102" x 260,000# derrick, factory rebuilt Detroit 8V92T engine installed April 2010, inframe on motor 2015 derrick sandblasted and magnafluxed July 2006, new chain on main drum October 2017, brand new rear end and rear drive line and axels Sept 2016, new drill line and winch line November 2017.

National JWS 185 mud pump, new fluid end 2007 w/ 180 bbl. Flat tank, new charge pump 2014. several jts. Hard line w/5000# guiberson unions, 4-2" 5000# hoses 15" long w/5000# guiberson unions, 6- 2" swivel Chicksans W/5000# guiberson unions

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

42 x 10 – 38 x 8 drawworks, 96’ x 215,000# telescoping mast hydraulically raised and scoped, 60 Series Detroit diesel engine (515 hp), CLBT 4460 Allison transmission, mounted on 4 axle carrier, 4 hyd leveling jacks, 2 hyd utility hoist, new rear axles with new tires, flotation front tires  Price:  $195,000

Year 2006, double drum, 8V71 Detroit diesel engine, 5860 Allison automatic transmission, mounted on 5 axle Crane Carrier, 108’ x 225,000# derrick, 100 ton McKissick 3-sheave block, fully tooled with 6’ bailers, 58-93 tongs, 2-3/8 and 2-7/8 elevators, 3/4 and 7/8 rod elevators and wrenches, eight indicator, laydown floor  Price:  $162,500

Refurbished, Double/Triple, 96" x 215,000# derrick, Detroit 60 Series, mounted on 4 axle carrier, 750 Allison transmission, sandline, blocks Price:  $102,500

Manufactured 1982, Tubing drum 42 x 12, sand drum 38 x 8, Detroit Series 60 diesel engine, 96’ x 200,000# derrick with set of tubing blocks, hydraulic and air hoses gone through, installed all new engine harness and electrical wiring to all lights, transmission.   Rebuilt valve bank  Price:  $200,000

COOPER LTO-350(Ref#3177Ta)  Manufactured 1982, 96" x 200,000# mast, Detroit Series 60 engine, Allison 5860 tranmssion, mounted on 4 axle Cooper carrier  Price:  $315,000

Detroit 8V-92 Diesel Eng, Allison 750 Trans, 42X12-38x8 drawworks w/dual disc assist, 97" 200,000# telescoping mast hydraulically raised & scoped, Mtd on 4-Axle Carrier w/Sgl-Man Cab, (4) Hyd Leveling Jacks, Hyd Utility Hoist, tong rack & Floatation Front Tires  Price:  $220,000

Manufactured 1970, double drum, 96’ x 150,000# mast double/triple, refurbished, mounted on 4 axle carrier with Detroit 8V71 diesel engine  Price:$190,000

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

95’ x 212,000# Ideco telescoping derrick, 42 x 10 double drum drawworks, 100 ton McKissick block and hook, hydromatic, tubing board, monkey board, catwalks, railings, stairs, lights, ladders, mounted on 4 axle carrier, Detroit 8V71 diesel engine, Alliston CLT 5860-DB automatic transmission  Price:$137,500

69’ x 140,000# striff mast, 32 x 7 double drum drawworks, 2 aux deck winches, mounted on 4 axle carrier, Detroit 6V71 diesel engine, Allison HT750 automatic transmission, tubing board, rod basket, cat walks, railings, stairs, ladders, lights, floor, BOP controls, accumulator bottles, 6 sheave crown, 75 ton McKissick tubing block  Price:$105,000

104’ x 225,000# telescoping double derrick, 42 x 10 double drum drawworks, hydromatic, 100 ton McKissick block and hook, mounted on tandem steer/tandem drive carrier, Cat 3406T diesel engine, Allison CLBT-5860-2 automatic transmission  Price:$137,500

Manufactured 1991 (not used until 2005), 38 x 10 double drum, p/b 8V92T diesel engine (430 hp), Allison 750 transmission, 18" twin disc cloutches, 48" double disc brake assist on main drum, water mist on both mai and sandline drums, main drum has 7/8" Lebus grooving, 104" x 240,000# mast, tubing board, rod basket, 13,500" of sandline, 875" of 7/8" swedgeline, 100 ton SOWA block, all mounted on tandem axle trailer  Price: $375,000  PRICE REDUCED:  $325,000

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

Manufactured 1976, 50 Series Detroit engine, 4460 Allison auto transmission, 96" x 180,000# Skytop derrick, 100 ton McKissick blocks, 7000" of 9/16" sandline, BJ tubing tongs, Guiberson air slips, 2-3/8 and 2-7/8 elevators, rod wrench, rod elevators, weight indicator, lubricator pump, misc tools  Price:  $320,000

72’ x 140,000# hook load telescoping mast, single tubing, double rods, self guyed, 36” x 8” double drum drawworks, Detroit Series 60 engine, Allison 6750 transmission, Level IV in 2005  Price:  $490,000 CDN  (approx. $390,000 USD)

500 hp, manufactured 2007, Pemco 104" x 225,000# derrick, double triple, 100 ton McKissick blocks, BJ style tubing tongs, rod tongs, rod basket, 8"3" bales, 16,993 miles on truck, 4016 hours, all handling tools

Manufactured 1969, double drum,   Lebus grooved for 7/8" drill line and 7/16" sandline, weight indicator, hydromatic brake, air clutches and controls, Loadcraft 104" x 250,000# hydraulically raised and scoped mast, mounted on Loadcraft carrier tandem axle front/tri axle rear, 8V71T Detroit diesel engine, radiator, gauges, hydraulic pump, Allison 4460 transmission, hydraulic reservoir, water tank, air receiver tank, fuel tanks, 4 hydraulic leveling jacks, Hercules 118 deadline anchor, hydraulic winch, McKissick 83A 100 ton block, (2) 36" and (2) 72" elevator links  Price:  $125,000

Detroit 8V-71N Diesel Eng, Allison CBT-4460-1 Trans.  Service King 96" x 180,000# Hydraulically Raised & Scoped W/5-Sheave Crown, Dbl Tubing & Triple Rod Boards.  Mtd On Franks 4-Axle Carrier W/Sgl-Man Cab, (4) Hyd Leveling Jacks, Hyd Utility Hoist, Air & Hyd Controls, Floatation Front Tires  Price:  $350,000

Built 1966, Double drum 1058 drawworks, 8500’ sandline, blocks, 96’ x 150,000# derrick, mounted on 4 axle carrier, Detroit 6V92T replaced August 2019, PTO, power steering and alternator/generator needs modifications to work with new Turbo diesel engine

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

38x10 drawworks, 4 axle Crane Carrier, 6V92 Detroit diesel engine, 4460 Allison tranmission, 96" x 133,000# mast with 4 lines, no block, no sandline, no rod board, no monkey board, needs a little work  Price:  $94,500

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

CAT 3406 Diesel Eng, ALLISON HT-750 Trans., 96"H 180,000# Telescoping Mast, Hydraulically Raised & Scoped W/4-Sheave Crown, Dbl Tubing & Triple Rod Boards, Adjustable Height Work Platform.  Mtd On FRANKS "Cruiser" 4-Axle Carrier W/NEW Sgl-Man Cab, (4) Hyd Leveling Jacks, Hyd Utility Hoist, Air & Hyd Controls, Flotation Front Tires  Price:  $300,000

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

Refurbished, ready to work, 10 x 8 pole hydraulically raised and scoped, Cat 3208 deck engine, auto transmission, hydraulic swamp winch with all new cable on all winches, 8” brakes with new brake bands, air clutches, hydraulic lines for tongs and air lines for slips, hydraulic jacks, mounted on 1982 Ford 8000 truck with Cat 3208, no tools.  Price:  $59,500

Double drum, double pole 8-5/8" x 7 x65", 6,000" of 2-7/8" line, mounted on 1974 International Model 2070A tandem axle truck with Detroit diesel engine, leveling jacks, 454 Chevy propane engine on deck with 250 gallon propane tank, automatic transmission for smooth operating, Foster 58 power tongs, Guiberso air clips, tooled for tubing and rods, will do 6000" of 7" tubing, currently working    Price:  $89,500

Double drum, 70" pole, 4000" of new line, new power tongs, mud pump, power swivel, new 8.3L Cummins deck engine, mounted on 1979 Mack superliner with 400 Cummins engine, 13 sp transmission, completely tooled, 10 new bits, 4 drill collars, ready to work  Price:  $170,000

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

Built 1979, 65’ 10” x 13” poles hydraulically raised, block line, sandline, winch line,  hydromatic brake, new Detroit 8V71 engine (installed by Stewart Stevenson) and new Allison 750 transmission, mounted on 4-axle carrier with single man cab, hydraulic leveling jacks, hydraulic utility hoist, air and hydraulic control and floatation tires, sand pump, two bailers, Foster tongs, 2 bailers, sand pump, rod and tubing elevators and all tools  Price:$94,500

Built 1966, Double drum 1058 drawworks, sandline has 5/8” line, 75 ton blocks on tubing drum, 10 x 13 single pole, 6V471 Detroit engine, standard transmission, 3 axle carrier, good tires, misc parts and accessories including chains, seals, old style oiler, sitting since 2016, running when parked, includes spare parts.   Price:  $47,500

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

Manufactured 1960, Double drum, all air operated, 7/8" drill line, 9/16" sandline, 60" single pole 10 x 13, mounted on Franks 3 axle carrier, will handle 8000" of 2-3/8" tubing or 6000" of 2-7/8" tubing, tools include tongs and handling tools, good condition  Price:  $69,500

Triple drum, 8-5/8 x 7” pole, telescopes to 44’, sand pump, bailer, mechanical clutch, mounted on Ford tandem axle truck with diesel engine, truck runs but not recommended to drive long distance Price:  $27,500

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

WALKER NEER C34(Ref#8263Ta)  7 x 8 Double Poles, Waukesha 145 on deck, mounted on 1978 Mack with Cummins diesel, screw jacks, includes Doghouse and (1) sting of 4" tools, sitting 1 year Price:  $65,500 - Kansas

WALKER NEER C32(Ref#8263Tb)  Waukesha 135 on deck, chain driven, 5 x 7 double poles, 3 lines, screw jacks, mounted on 1964 tandem axle International truck with V8 gas engine  Price:  $34,500 – Kansas

Also available:  WALKER NEER C32, 5 x 7 double poles, poles bent, has another 7 x 8 pole to include, no motor on deck, mounted on 1981 Mack truck (truck needs replacing) -   Price:  $14,500 - Kansas

Single pole, 3 lines, Waukesha deck engine locked up engine needs replacing or rebuilding, mounted on 1972 Chevy 2-ton truck, screw jacks been sitting for years  Price:$25,500 - Kansas

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

350 GM deck engine, mounted on 1986 GMCtruck, 454 GM engine, sandline, approx 50" mast, no cathead, can pull single, ready to work  PRICE REDUCED: $29,500

Please try again in a few minutes. If the issue persist, please contact the site owner for further assistance. Reference ID IP Address Date and Time d94a2288d76f819e65e1cc71545d07c7 63.210.148.230 10/27/2022 01:41 PM UTC

Franks Double Drum back-in Wellservice/Workover unit. Lebus Grooved for drill line & sand line w / line type weight indicator, air clutches & controls and McCormick 300,000 lb weight indicator. 10,000′ New sand line.Tongs included, no tools.

Mast:Franks 84’ 4-leg mast, 120,000 lb. Static hook load, hydraulically raised & scoped w/(2) raising rams, (5) sheaves, crown safety platform, and double tubing board, rod board, ladder, guy lines and adjustable working platform.

Carrier: All above mounted Franks tandem axle front, tandem rear carrier, Detroit 8V92 diesel engine w/ electric start, radiator, gauges, hydraulic pump, Allison 5964 6 speed transmission, single man cab, tool boxes, hydraulic reservoir, water tank, air receiver tank, (2) 100 gallon fuel tanks, (2) hydraulic leveling jacks, hydraulic winch, Hercules 118 deadline anchor, folding walkways, safety rails, stairs, 65R22.5 front tires & 12R22.5 rear tires.

Also ask me about my entire supply line of other oil patch equipment, New, Used and Surplus, Mud Systems, Vessels, Casing, Tubing, Swivel Rotary, Rods, Gas Turbines, Steel and Fiberglass Production Tanks, Backhoes, PumpJacks, Rods CNG Compression Packages, Tongs, Swivel Joints, Heavy Equipment, Drilling and Workover Rigs, Construction! Do you have any oilfield equipment that you seek to market? I Get Quality Oilfield New, Used and Surplus Equipment.

Important Buyers Notice:All items are old As-Is with No Warranty expressed or implied. Items offered for sale may be damaged, inoperable and/or missing parts. You are strongly urged to carefully review each photo and video as well as personally inspect the item before making a decision to purchase. Free Oilfield Quote is not responsible for any missing or damaged equipment, part, item or accessory and shall not be held liable for any damage prior to or during the removal and/or delivery of the equipment. Any and all agreements contrary to the above disclaimer must be in writing and agreed upon up front and prior to any transaction.

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.

No New Competition [See Question 7 on Statistical Review]. All respondents said that competition had not increased QTQ, and they were not anticipating it would, given lower oil prices.Mid-Tier Well Service Manager: “We worry about the small local companies undercutting prices but we are not seeing anything now.”

2015 Rates Under Pressure [See Question 8 on Statistical Review]. Five of the eight respondents said 2015 would see further reductions in demand and hourly rates and even labor rates if the price of oil did not rise. One respondent said that “iron would start laying down” if oil prices did not rise. One respondent said he expects that work demand would come back up after a couple of months as everyone adjusted.Manager for Mid-Tier Well Service Company: “As a company, we have backed off our growth budget for 2015 and our capex has been nixed. We implemented a 10% reduction in our rates. We are just going to lower rates not wages, because we can buy equipment and leave it sit, but if you do that with people, they starve.”

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 are committed to total customer satisfaction, achieving excellence in our operations through continuous improvement, development and empowerment of our people, and providing a positive contribution to our community.

This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

The land drilling market worldwide is structured primarily as a rental market, not a sales market, where land drilling companies lease their rigs to E&P companies for an agreed period of time – weeks, months, or years – at a day-rate. The rigs are then used to drill wells and execute the E&P’s drilling programs.

Drilling opportunities are analysed and explored in order, leaving a series of dry holes, until a discovery is made. It is rare for an E&P company to actually own the rigs which they operate, but there are some exceptions such as Chesapeake, who will purchase their own fleet of rigs.

Under these rental contracts, a turnkey cost is paid by an E&P business to a middleman. This includes an insurance premium, which is returned if nothing goes wrong, but may be lost if there are difficulties. Higher specification equipment commands a larger premium.

Investors require a minimum level of return for their investment dollars in drilling operations, and typically equate cost with risk. These turnkey drilling contracts may limit risk by guaranteeing a minimum number of wells that can be drilled with the rig. The contract will also outline how the rig can be used – including the pieces of equipment, when to change pieces, temperature and pressure tolerances and the weight of mud.

The International Association of Drilling Contractors (IADC) lists 547 members in the category of Land Drilling Contractors. According to Statista, the key US land drilling contractors are: Nabors Industries Ltd, Helmerich & Payne Inc, Patterson-UTI Energy Inc, Precision Drilling Corporation and Pioneer Energy Services Corp.

Nabors operates the world’s largest land drilling rig fleet, with around 500 rigs operating in over 25 countries – in almost every significant O&G basin on the planet. It also has the largest number of high-specification rigs (including new AC rigs and refurbished SCR rigs) and custom rigs, built to withstand challenging conditions such as extreme cold, desert and many complex shale plays.

Headquartered in Tulsa, Oklahoma, H&P is a global business with land operations across the US, as well as offshore operations in the Gulf of Mexico. It is engaged primarily in the drilling of O&G wells for E&P companies, and recognised for its innovative FlexRig technology.

Patterson-UTI operates land based drilling rigs, primarily in O&G producing regions of the continental US, and western Canada. The company also provides pressure pumping services to US E&P companies and specialist technology, notably pipe handling components, to drilling contractors globally.

Precision is an oilfield services company and Canada’s largest drilling rig contractor, with over 240 rigs in operation worldwide. The Company has two segments. The Contract Drilling Services segment operates its rigs in Canada, the United States and internationally. The Completion and Production Services segment provides completion and workover services and ancillary services to O&G E&P companies in Canada and the US.

Pioneer operates a modern fleet of more than 24 top performing drilling rigs throughout onshore O&G producing regions of the US and Colombia. The company also offers production services include well servicing, wireline, and coiled tubing services – supported by 100 well-servicing rigs, and more than 100 cased-hole, open-hole and offshore wireline units.

Together these five companies dominate the US rental market. Other smaller but prominent contractors include: Parker Drilling, Unit Corp, Independence Contract Drilling, Seventy Seven Energy, Schramm and Ensign Drilling. Beyond these players, the market is highly fractured, with many “mom & pop” style drillers.

In Texas, generally considered to be the centre of US land drilling, RigData reports that there are currently 678 active rigs – split between Helmerich & Payne (160), Patterson-UTI (85), Nabors (64), Precision Drilling (39) and 77 other drillers (330).

Most new onshore rigs, both drilling and work over rigs, are built by OEMs in China. In the US, the larger vertically integrated land drillers have in-house manufacturing operations, so they will outsource some equipment construction, but assemble the new rigs at their own facilities. The leading provider of US newbuild rigs is National Oilwell Varco.

The secondary market, where existing rigs are sold, is largely auction dominated with mostly older rigs changing hands. As a rule, the big land drillers do not sell their newbuild rigs, as each has their own flagship designs.

Used Mainland M-32 Freestanding Service Rig, 4 Axle Carrier, Detroit 6V-71 Diesel Engine, Allison HT750 Auto Transmission, 69" Stiff Mast, 120,000 lbs. rating, 32x7 Double Drum Draw-works, 2 Auxiliary Deck Winche...

Used Cardwell KB200B Freestanding Service Rig, 5 Axle Carrier, Detroit 8V71 Diesel Engine, Allison CLBT4460 Auto Transmission, 72" Stiff Mast, 140,000lb Pull, 40 x 10 Double Drum Draw Works, 2 Auxiliary Deck Winc...

Used Ideco Rambler H-35 workover rig / service rig / pulling unit, 4 axle carrier, Detroit 8V-71 diesel engine, Allison CLT 5860-DB automatic transmission, 95" Ideco telescoping derrick, 212,000lbs hook load, 42x...

Used MR-350 Mountain Rig pulling unit / workover rig / service rig, Cat 3406T Diesel Engine, Allison CLBT-5860-2 Automatic Transmission, 104" Pemco Telescoping Double Derrick, 225,000lb Hook Load, 42x10 Double Dr...

Every workover rig available is going right now in the Bakken, North Dakota’s top oil and gas regulator Lynn Helms said on Friday, during his monthly oil production report, as companies try to get wells online as quickly as possible after back-to-back blizzards idled a substantial number of four and five-well pads in Williams, Divide, and McKenzie counties.

March was a good month for production, Helms said, with a 2.8 percent increase in crude oil production from 1.089 million barrels per day to 1.12 million barrels per day. That figure is 2 percent above revenue forecast. Gas production, meanwhile, rose 4.5 percent to 3.01 billion cubic feet per day from 2.87 billion cubic feet per day in February.

Gas capture percentages were 95 percent, and this time Fort Berthold was a bright spot, with 97 percent capture. Helms said he expects continued improvement in the Fort Berthold area, with new solutions for gas capture in the works for the Twin Buttes area, which has been a problem spot.

But production is not going to look as rosy in April, Helms said, and may not look great in May either, given the time it will take to repair electrical distribution infrastructure. Load limits remain in place because of wet conditions, and that is a condition that might go on for a while, given the recent flooding issues caused by rain.

“We saw production in the first blizzard dropped from about 1.1 million barrels a day to 750,000 a day,” Helms said. “We recovered not quite back to a million barrels a day. And then the second blizzard came in. It was heavily impactful on electrical power and infrastructure in the Bakken oil fields.”

“It took a week, or I guess within a little bit less than a week, we recovered to 700,000 and it’s taken another week, we think we’re back at about a million barrels a day.”

One of the biggest of problems was that so many natural gas processing plants were knocked out of service, some for nine hours and others for well over a week.

“Just this past week, our largest gas plant came on and that’s really enabled a lot of production to come back on,” Helms said. “So we’re back to a million barrels a day, maybe a little more. You know all of the large operators reported enormous production losses. And of course that has led to the deployment of every workover rig available being out there trying to get wells back on production.”

Last weekend in Williams County, a dozen four and five-well pads along Highway 2, headed toward Ray, remained idle. They appeared to be without electricity, with some poles still clearly broken and lines laying down on the ground.

In his discussions with drilling contractors, Helms has learned that most drilling rigs went south to Texas and New Mexico, both of which escape winter sooner than the Bakken. Those areas hired the available workforce, too, which has added to the Bakken’s difficulty in attracting workforce.

“It’s taking around two months to train and deploy a drilling rig and crew, and very similar timeframes for frack crews,” Helms said. “So it’s just very, very slowly coming back.”

“There have not been any new frack fleets constructed since before the pandemic,” Helms said. “So the iron that’s out there is starting to show some wear and tear, some age, and, at some point, we’re going to have to see capital deployed to bring that iron back on.”

“I was reading an article today, and some of the large operators were saying, ‘Well you know we could bid up the price to hire frack crews, but all we would be doing is hiring them away from smaller companies that can’t afford to pay as much.’ So there wouldn’t be a gain in the number operating, in the number of wells completed, or really a more rapid rise in production. So it’s very much workforce limited.”

North Dakota rig counts are at 40 right now and Montana rigs are at 2, according to figures from North Dakota Pipeline Authority Justin Kringstad. Helms said the Bakken hasn’t seen those numbers since March of 2020. There are about 15 frack crews running now, a number last seen in April 2020.

Prices, however, have been well ahead of revenue forecasts, pushed in part by sanctions against Russia, which attempt to choke a major source of financial capital for the invasion of Ukraine, as well as continued supply chain issues and lower than expected production from OPEC.

“Today’s price is almost $102 a barrel for North Dakota light sweet and $106 West Texas,” Helms said. “So we’re estimating about $104 a barrel for North Dakota crude prices. That’s more than double revenue forecast. Revenue forecast was based on $50 oil, so that’s 108 percent above that.”

“And of course the market did not like the signal that it got this week or late last week of the cancellation of the offshore lease sales in the Alaskan lease sales,” Helms said.

“For example, the RMPs, or the resource management programs, and the records of decision from Corps of Engineers and Forest Service weren’t filed along with information about why various quarterly lease sales were canceled,” Helms said. “And why some of the tracts were chosen that were chosen to be in this latest lease sale.”

North Dakota is a few days away from a May 18 deadline for protests in the projected June sale, which has 15 parcels listed. If there’s a protest against one or more of the tracts, they could be pulled from the sale for further consideration.

Are you actively tracking which Oil & Gas service providers have made the decision to stack their rigs? While rig stacking was the farthest consideration from our minds just three years ago, today it’s a concern of grave importance for E&P’s.

In today’s post, we cover the different methods of rig stacking, why they matter to E&P’s, and what impact they can have on your operations and cost structure.

Since the market downturn in mid-2014, stacking of rigs has become a strategy commonly employed by service providers to save money, helping weather the storm that is low-cost oil. For those new to the world of stacking, it can take two different forms:

Hot (or Warm) Stacking involves paying a skeleton crew to stay on the rig and conduct regular maintenance to ensure a smooth reactivation when the equipment is once again in demand and brought back online.

Cold Stacking is the equivalent of shuttering a factory in manufacturing—rigs and equipment are packed up and stored, and employees tied directly to the operation of the equipment are laid off.

In offshore drilling, the considerations for whether to cold stack equipment are quite clear. Service providers can either cold stack, saving on operational costs while taking on future risk, or they can warm-stack, choosing to spend cash to mitigate these operational risks.

With the high level of technical complexity associated with offshore drilling rigs, it is not entirely clear what will happen when equipment is turned back on following an extended shut-down. There are ways to mitigate these operational risks by intelligently cold stacking, but proper planning and preparation can only mitigate a portion of the risk.

Despite the potential to save millions of dollars a year, a number of offshore service providers have decided they will not turn to cold stacking. Pacific Drilling is one of the companies making such a decision. Pacific’s CEO, Chris Beckett, recently noted that “the unknowns of cold-stacking are just too great and the cost to keep the ships running too manageable to turn them off.”

But of course, there are always others adopting the opposite strategy. For instance, TransOcean, one of the largest off-shore service providers in the world, recently decided to cold stack nine rigs off the coast of Trinidad and Tobago. Not only did this decision result in immediate savings, but it was also applauded by both investors and analysts, including Citigroup Inc. analyst, Scott Gruber:

Will this turn out to be a cautionary tale about chasing short-term savings? Or will providers like TransOcean, who have already made their bet that operational savings far outweigh the potential risks associated with cold stacking, be considered the heroes of the industry?

With such a broad range of approaches to rig stacking, many E&P’s are wondering which strategy they should align with. As such, we’ve pulled together some possible considerations that we’ve seen other E&P organizations asking about:

Develop a Perspective on the Cost vs. Risk Tradeoff –We recommend engaging with service providers early on to develop a perspective on your firm"s appetite for reducing costs by engaging with vendors who have cold-stacked rigs vs. taking on unknown operational risks.

Prepare Counter-Arguments to Address Price Increases:We"ve seen a number of service providers recently argue for price increases to either (1) recoup some of the costs incurred from hot stacking or (2) cover the costs of reactivating cold-stacked rigs. E&P supply chain teams can counter those arguments with data on credible substitute providers, rig costs, and price trends.

Understand the Experience of the New Rig Crew – As we all know, the downturn led to lay-offs and, as such, an exodus of industry experience. We encourage operators to ask detailed questions about crew experience as rigs come back online.

Consider Using Performance-Based Contracts— Basing service provider contracts on performance-based metrics can lead to greater incentives for your providers to implement high-quality rig reactivation and labor force training.

Want to learn more about rig stacking? Check out Part 2 of this series, which will take a closer look at cold stacking of onshore drilling and completion rigs. In the meantime, don’t hesitate to reach out to us here with any questions!