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Deepwater wellbore integrity can be defined as the application of relevant engineering techniques and operational measures in deepwater drilling to control related risks during the drilling process, ensuring that deepwater oil and gas wells are always in a safe state throughout their entire life cycle.
Pioneer Natural Resources Company, headquartered in Irving, Texas, was a company engaged in hydrocarbon exploration. It operated in the Cline Shale, which is part of the Spraberry Trend of the Permian Basin, where the company was the largest acreage holder. [1] In May 2024, the company was acquired by ExxonMobil.
Margins matter. The more Pioneer Drilling (ASE: PDC) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders.
Drill bit (#26) is a device attached to the end of the drill string that breaks apart the rock being drilled. It contains jets through which the drilling fluid exits. Drill floor (#21) is the area on the rig where the tools are located to make the connections of the drill pipe, bottom hole assembly, tools and bit. It is considered the main area ...
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The full name for this most common type of downhole safety valve is a Tubing Retrievable Surface Controlled Sub-Surface Valve, shortened in completion diagrams to TRSCSSV. If a tubing retrievable valve fails, rather than go to the expense of a workover, a "wireline retrievable" valve may be used instead.
Pioneer added six rigs during the quarter, and CEO William Stacy Locke credited the quarter's success on the company's new-build drilling rig program, saying the rigs have "reduced initial startup ...
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