Williams orders 10 custom rigs to tap Piceance gas

Williams Cos., Tulsa, plans to ramp up drilling in the Piceance basin at the end of 2005 as it fields new purpose-built rigs in Garfield and Rio Blanco counties, Colo.The company’s 2005 plan calls for the drilling of 300 wells in the Piceance basin, where Williams is exploiting gas in Cretaceous Williams Fork coals and Mesaverde tight sands.The company let 3-year contracts to keep busy 10 FlexRig rotary rigs to be built by Helmerich & Payne Inc., Tulsa, Okla., the first of which is to take to the field near the end of 2005.Delivery of one new rig about every 30 days will allow Williams to drill 450 wells instead of 325 in 2006 and as many as 500 vs. 350 in 2007.To fund the progr...

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