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Author Archives: Jay Stracke

More safety and efficiency needed in 24-hour rig moves

When it comes to current rig moves, accounting for 37% of incidents in 2018, there is room for safety and efficiency gains. Whether it is how the rig itself is designed, with added input from the trucking industry to improve the hauling of the equipment, or a system for maintaining both day and night crews to keep up with the 24-hour demand, there is opportunity to improve. Tom Halliday, VP of Operations at Aveda Transportation and Energy Services, spoke on a panel at the 2019 IADC Drilling Onshore Conference & Exhibition in Houston on 16 May. In this video, Mr Halliday discusses his greatest challenges as a rig mover, plans the IADC Rig Moving Committee has to draft best practices ...

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Slightly lower super-spec rig dayrates and rig count stability for 2019

With the late 2018 oil price drop, contractors and service companies have felt the impact as oil companies slowed their activity for 2019, particularly on the completions side. The outlook for 2019 includes slightly lower super-spec rig dayrates and some independent companies dropping a few rigs by year-end. Byron Pope, Managing Director with Tudor Pickering Holt & Co, spoke on a panel at the 2019 IADC Drilling Onshore Conference & Exhibition in Houston on 16 May. In this video, Mr Pope discusses the trend toward longer lateral lengths and other factors that may impact rig count stability in the coming year.

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