Drilling Market Focus: Desire for new rigs exceeds manufacturing capacity

02/13/2006
The drilling market is buoyed by newly designed rigs but hampered by bottlenecks in manufacturing “smart iron.”It’s old news that drilling is increasing and day rates are rising, spurring rig building programs throughout the world. Among the hundreds of new builds, however, are a few new designs, which take advantage of technological innovations that improve efficiency, increase safety, and decrease the environmental impact of drilling. Pennsylvania's Union Drilling took possession of two newly built SpeedStar top drive drilling rigs from Oklahoma's George E. Failing Co. in fourth-quarter 2005 (Fig. 1; photo from Union Drilling Inc.). Click here to enlarge imageInnova...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected