Thursday, May 31, 2012

ND oil rig count

A record number of oil rigs are drilling in North Dakota's oil patch.

State statics show a record 214 rigs were drilling on Friday and more than 95 percent of them are targeting the Bakken and Three Forks formations in western North Dakota.
Records show the number of wells awaiting hydraulic fracturing services stands at 248, which is about average.

3 DECADES AHEAD
North Dakota officials say a typical well drilled in the rich Bakken and Three formations will produce about 540,000 barrels of oil over its 29-year lifespan.
The State Department of Mineral Resources says a horizontal well in the formations cost an average of $7.9 million to drill and complete.
The agency says each Bakken and Three Forks well will generate more than $20 million in net profit over its lifetime, and pay more than $4.5 million in taxes.
The average well also will pay about $7.5 million in royalties to its mineral owners.

Extract from http://minnesota.publicradio.org/display/web/2012/05/29/bakken-oil-rig-count/

Jackup Rigs for sale

Jackup Rig order at Keppel

Maersk Drilling has ordered a new ultra-harsh environment jack-up rig from Singapore's Keppel for work on Statoil's Dagny field in the North Sea, Maersk said.
"The total project cost for the rig is close to $650 million," Maersk Drilling, a unit of Danish shipping and oil group A.P. Moller-Maersk, said in a statement.

The new rig, scheduled to be delivered at the beginning of 2015, will be built at Keppel FELS in Singapore and will be identical to the two jack-up rigs ordered in February 2011, Maersk Drilling said.

Extract from http://uk.reuters.com/article/2012/05/31/maersk-idUKL5E8GVDY520120531

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Worldwide Land Rig Brokers

Schramm T660 Drilling Rig for sale

Schramm T660 Drill Rig For Sale - 1988 Built

1988 Schramm T660 drill rig
GHH 850 cfm / 350 psi air compressor (rebuilt in 2006 with 500+ low hours since)
Detroit 8V92 diesel deck engine (rebuilt in 2008 with 25+ low hours since)
Atlas R2000 Casing Hammer
40,000 lbs Pullback
CAT Water Injection
200' ft of used Drill Pipe (20' X 4 1/2") will cost extra
Mounted on 1988 GMC Truck
13 Speed Road Ranger Transmission
CAT 3208 diesel engine
32,500 miles
Location : USA

Sunday, May 13, 2012

Used 2,000HP AC Drilling Rig for Sale in USA

Used 2,000HP AC Drilling Rig for Sale in USA

Location : Texas, USA

Type : VFD

Status : Laid down

Availability : Sale

Drawworks details : 2000 HP American Block P/b – two (2) 1350 HP Amerimex electric traction motors

Derrick details : 152 feet Lee C Moore style 1,300,000 lbs static hook load

Substructure details : 25 feet box on box

Mud pumps : Two (2) 1600HP 3NB-1600HP triplex pumps P/b AmeriMex electric traction motors

Mud system : 2100 bbls (4 tanks)

Rotary : 37 ½ inch rotary table