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Badger Explorer ASA (OSE: BXPL) was a Norwegian company headquartered in Stavanger, Norway. It developed a technology used to explore and map the extent of hydrocarbon resource and reserve base and provide long-term monitoring. [1] Badger Explorer ASA was listed on the Oslo stock exchange in 2007 [2] and has new ticker
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]
Zapata Off-Shore accepted an offer from an inventor, R. G. LeTourneau, for the development of a mobile but secure drilling rig. Zapata advanced him $400,000, which was to be refundable if the completed rig did not function, followed by an additional $550,000 together with 38,000 shares of Zapata Off-Shore common stock when it did.
The rig was originally built to meet the demand for a more powerful mobile drilling rig, specifically a demand for rigs capable of boring up to 260 feet (79 m) deep. [2] At the time, Big Stan was claimed to be the largest portable drill rig in the United States, [3] with some estimates placing it as the largest vehicle-mounted drill rig in the ...
In 1836, gas was encountered when drilling a ten-foot water well in the Findlay field. However, it wasn't until 1884, that a gas well was drilled into the Trenton Limestone, after Dr. Charles Oesterlen organized the Findlay Natural Gas Company. Known as the Pioneer Well, it reached the limestone at a depth of 314 feet, and a gas reservoir at a ...
An automated drill rig (ADR) is an automated full-sized walking land-based drill rig that drills long lateral sections in horizontal wells for the oil and gas industry. [8] ADRs are agile rigs that can move from pad to pad to new well sites faster than other full-sized drilling rigs. Each rig costs about $25 million.
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