Well drilling

Global Fluid Loss Additive Markets Report 2020-2025: Increase in Shale Gas Exploration & Increasing Investments in the Latest and Unconventional Drilling Technologies

Retrieved on: 
Monday, December 14, 2020

The major factors driving the market studied are the increase in the production and exploration of shale gas and increasing investments in the latest and unconventional drilling technologies.

Key Points: 
  • The major factors driving the market studied are the increase in the production and exploration of shale gas and increasing investments in the latest and unconventional drilling technologies.
  • The drilling fluid application is expected to dominate the global fluid loss additive market over the forecast period.
  • The rising global demand for energy is a major factor contributing to the increasing shale oil and shale gas production.
  • Additionally, the increasing shale gas exploration in the United States is increasing drilling fluid applications, hence, driving the fluid loss additives market.

Superior Drilling Products, Inc. Achieves AS9100D with ISO 9001:2015 Certification for Quality Management Systems

Retrieved on: 
Wednesday, December 9, 2020

Troy Meier, Chairman and CEO of SDP commented, Superior Drilling Products has always had an intent focus on delivering quality.

Key Points: 
  • Troy Meier, Chairman and CEO of SDP commented, Superior Drilling Products has always had an intent focus on delivering quality.
  • Of note, we achieved the AS9100D certification which establishes additional requirements for critical industries that expand our addressable market.
  • The certification furthers our commitment to our customers to practice repeatable, reliable, and continuously improving processes that deliver world-class products.
  • Superior Drilling Products, Inc. is an innovative, cutting-edge drilling tool technology company providing cost saving solutions that drive production efficiencies for the oil and natural gas drilling industry.

Superior Drilling Products, Inc. Improves Liquidity with Completed Sale-Leaseback Transaction

Retrieved on: 
Monday, December 7, 2020

After fees, the Company received approximately $4.2 million in net proceeds of which $2.6 million was used to repay its outstanding mortgages.

Key Points: 
  • After fees, the Company received approximately $4.2 million in net proceeds of which $2.6 million was used to repay its outstanding mortgages.
  • Lease terms are for monthly payments that are $17 thousand less than current mortgage debt service.
  • Superior Drilling Products, Inc. is an innovative, cutting-edge drilling tool technology company providing cost saving solutions that drive production efficiencies for the oil and natural gas drilling industry.
  • SDP drilling solutions include the patented Drill-N-Ream well bore conditioning tool and the patented Strider oscillation system technology.

Ring Energy, Inc. Initiates Year End Drilling Program

Retrieved on: 
Thursday, December 3, 2020

After drilling the Badger #6XH, the drilling rig will move to another horizontal San Andres location currently under construction with plans to drill another well after the New Year.

Key Points: 
  • After drilling the Badger #6XH, the drilling rig will move to another horizontal San Andres location currently under construction with plans to drill another well after the New Year.
  • These wells will be paid for out of cash surplus currently on hand.
  • It is important during volatile markets like these to protect our future cash flows and strengthen our balance sheet.
  • Ring Energy, Inc. is an oil and gas exploration, development and production company with current operations in Texas and New Mexico.

Alpha Lithium Mobilizes Drilling Rig to Validate High Volume Lithium Brine Concentrations at Tolillar Lithium Project, Argentina

Retrieved on: 
Tuesday, December 1, 2020

The purpose of the drilling program is to collect lithium brine samples from depth and utilize those to start evaluating the Direct Lithium Extraction (DLE) processes that the Company intends to employ.

Key Points: 
  • The purpose of the drilling program is to collect lithium brine samples from depth and utilize those to start evaluating the Direct Lithium Extraction (DLE) processes that the Company intends to employ.
  • Phase One is being drilled by Andina Perforaciones SRL, utilizing a rig that has been consistently deployed in neighboring Hombre Muerto for many months.
  • The rig has performed extremely well for POSCO in Hombre Muerto and utilizes a crew that has worked together, on this rig, for many years.
  • Other drilling licenses expired during covid-induced government shutdowns and the Company had no ability to file the simple extension documents.

Halliburton 2020 Fourth Quarter Conference Call

Retrieved on: 
Tuesday, November 24, 2020

Halliburton Company (NYSE: HAL) will host a conference call on Tuesday, January 19, 2021, to discuss its fourth quarter 2020 financial results.

Key Points: 
  • Halliburton Company (NYSE: HAL) will host a conference call on Tuesday, January 19, 2021, to discuss its fourth quarter 2020 financial results.
  • The Company will issue a press release regarding the fourth quarter 2020 earnings prior to the conference call.
  • The press release will be posted on the Halliburton website at www.halliburton.com .
  • Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry.

Electric Drill Market is estimated to generate a value of US$ 3.3 Bn by the end of 2030 - Persistence Market Research

Retrieved on: 
Tuesday, November 24, 2020

NEW YORK, Nov. 24, 2020 /PRNewswire/ --Smart electric drills facilitate accurate depth control, and are reshaping the electric drill market space.

Key Points: 
  • NEW YORK, Nov. 24, 2020 /PRNewswire/ --Smart electric drills facilitate accurate depth control, and are reshaping the electric drill market space.
  • The capability of smart electric drills to facilitate complete control and levelling during drilling has boosted their adoption across the world.
  • All these product-related features and other aspects have significantly contributed to the growth of the electric drill market.
  • PMR analysis shows that, the global electric drill market is estimated to generate a value of US$ 3.3 Bn by the end of 2030, expanding at a CAGR of over 5% during the forecast period (2020-2030).

Electric Drill Market is estimated to generate a value of US$ 3.3 Bn by the end of 2030 - Persistence Market Research

Retrieved on: 
Tuesday, November 24, 2020

NEW YORK, Nov. 24, 2020 /PRNewswire/ --Smart electric drills facilitate accurate depth control, and are reshaping the electric drill market space.

Key Points: 
  • NEW YORK, Nov. 24, 2020 /PRNewswire/ --Smart electric drills facilitate accurate depth control, and are reshaping the electric drill market space.
  • The capability of smart electric drills to facilitate complete control and levelling during drilling has boosted their adoption across the world.
  • All these product-related features and other aspects have significantly contributed to the growth of the electric drill market.
  • PMR analysis shows that, the global electric drill market is estimated to generate a value of US$ 3.3 Bn by the end of 2030, expanding at a CAGR of over 5% during the forecast period (2020-2030).

Sunward to Showcase 38 Equipment at bauma CHINA 2020

Retrieved on: 
Sunday, November 22, 2020

SHANGHAI, Nov. 21, 2020 /PRNewswire/ -- As a world-class manufacturer, Sunward will bring 38 equipment covering 8 product lines at the upcoming bauma CHINA 2020.

Key Points: 
  • SHANGHAI, Nov. 21, 2020 /PRNewswire/ -- As a world-class manufacturer, Sunward will bring 38 equipment covering 8 product lines at the upcoming bauma CHINA 2020.
  • During the exhibition, Sunward will display the integrated solutions as well as a wide range of construction equipment including excavator, rotary drilling rig, rock drilling equipment, mobile crusher, telescopic crane, and the tunnel boring machine.
  • The company has got significant independent intellectual property rights and core competitiveness in more than ten product lines including underground engineering equipment, a full range of excavators, rock drilling equipment, special equipment, mining equipment, lifting machinery, hydraulic components and general aviation equipment.
  • Its tough high-end equipment have exported to more than 100 countries and regions around the world
    At bauma CHINA 2020, Sunward will be welcoming visitors at the brand new outdoor stand D76 & D80.

Superior Drilling Products, Inc. Receives Notice of Noncompliance from NYSE American

Retrieved on: 
Friday, November 20, 2020

SDP then intends to submit a plan for regaining compliance to the NYSE American by the required submission date of December 18, 2020.

Key Points: 
  • SDP then intends to submit a plan for regaining compliance to the NYSE American by the required submission date of December 18, 2020.
  • If the NYSE American accepts the plan, the Company will be subject to ongoing periodic reviews, including quarterly monitoring, for compliance with the plan.
  • Superior Drilling Products, Inc. is an innovative, cutting-edge drilling tool technology company providing cost saving solutions that drive production efficiencies for the oil and natural gas drilling industry.
  • SDP drilling solutions include the patented Drill-N-Ream well bore conditioning tool and the patented Strider oscillation system technology.