franks 300 workover rig pricelist

Franks 300 D.D. powered by a Detroit Series 60 with a HT 750 Allison transmission mounted on a Franks four axle carrier with a Franks 96 ft .. 215,000 lb. capacity derrick. This rig is equipped with an adjustable driller and work platform system up to 17 ft., hydromatic, hydraulic jacks, winch, B.O.P. controls.

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

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...

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

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 ...

Single drum, 10” x 13” pole, 80,000#, mounted on 1993 Mack RD6885 truck, currently in service, rig has plumbing for hydraulic tongs, has winch for raising and scoping out the pole  Price:  $92,500

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.

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?

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