The evolution of drilling

Tony Van den Brink is a self-made Canadian businessman, a tool pusher who survived and prospered through many decades in the North American drilling industry. Born in The Netherlands, he came to Alberta as a youngster, learned the drilling business, and now observes his industry’s evolution from the rich perspective of experience.In 1964, Van den Brink bought six used drilling rigs for $750,000; the working rates topped out at $1,000/day. Fiscally responsible, he paid off the rig purchase in only 28 months.In 1973, he was 45 and had a good look at the market. Only a handful of drilling companies were in business more than 30 years. Helmerich & Payne, Noble Affiliates, and Readin...

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