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This is a list of oilfield service companies – which provide services to the petroleum exploration and production industry but do not typically produce petroleum. In the list, notable subsidiary companies and divisions are listed as sub-lists of their current parent companies.
Deepwater drilling, [1] or deep well drilling, [2] is the process of creating holes in the Earth's crust using a drilling rig for oil extraction under the deep sea. There are approximately 3400 deepwater wells in the Gulf of Mexico with depths greater than 150 meters.
The company only had 44 rigs in operation during the third quarter, so this is a more leveraged bet on ultra-deepwater drilling than other operators. The company's dividend yield of 8.8% and ...
In 2011, the company acquired Aker Drilling, which owned 4 harsh environment rigs used for drilling near Norway. [20] In 2012, the company sold 38 shallow water rigs and narrowed its focus on high-specification deepwater rigs. [21] In 2013, the company was added to the S&P 500 index. [22]
Patterson Drilling Company was founded in 1978 by Cloyce Talbott and Glenn Patterson. [1] UTI Energy was formed in 1986 to purchase Universal Well Services, Union Supply Company, Triad Drilling Company, and International Petroleum Services Company. In 2001, Patterson Drilling acquired UTI Energy and renamed the company Patterson-UTI Energy. [3]
Seadrill is an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry.Its primary business is the ownership and operation of drillships, semi-submersible rigs, and jack-up rigs for operations in shallow to ultra-deep water in both benign and harsh environments.
In other words, the total return of my stock picks beat the broad market by 74%. And last December, I updated my list of top 10 stocks for 2024, which have again outperformed the market. With ...
An offshore well targets a reservoir that happens to be underneath an ocean. Due to logistics and specialized equipment needed, drilling an offshore well is far more costly than a comparable onshore well. [24] These wells dot the Southern and Central Great Plains, Southwestern United States, and are the most common wells in the Middle East.
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