Special Report: Unconventional basins require new rig types

Even though more than 1,000 rigs are inactive in the US, drilling contractors are building new land rigs to satisfy operator demand for improved technology.In the case of Nabors Drilling USA LP, Ronnie Witherspoon, senior vice-president marketing and business development, said that for newbuilds operators are requesting Nabors new AC rigs for their drilling programs, especially for drilling in unconventional basins.He said, "To meet demand we are expanding our fleet with the new PACE rigs." Typically Nabors only builds new PACE rigs when customers make a long-term contractual commitment, he added.PACE stands for programmable AC electric and the programmable refers to various fun...

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