The cost drilling oil well now costs as much as $120 million, according to the chairman, Green Energy International Limited, Prof. Anthony Adegbulugbe. He dropped the hint at the official project sign ...

Efficient drilling in shale reservoirs requires detailed 3-dimensional (3D) horizontal well trajectories. An orthogonal-arc trajectory (OAT) method assumes a single constant curvature in the curved ...

Similar to contract drilling, pricing for pressure pumping largely depends on the supply-demand balance, with service firms generally commanding pricing power around 80% utilization. Patterson’s ...

Competition among drilling and fracking providers is fierce, and downward pricing pressure consistently challenges cost-management strategies. If E&Ps are unwilling to invest in drilling and fracking ...

Real-time streaming well data monitors drilling performance and aids drilling decisions using web-based drilling models to calculate and predict drilling parameters. These models improve rate of ...