The traditional dynamics of a drilling project started with a driller and customer discussing the demands for a home, farm or business, followed by an estimate and a handshake. Those handshakes forged the modern drilling industry. Over time, specialty well designs became more specific, requiring third-party design and specifications — ultimately progressing beyond handshakes to a signed contract and a percentage of funds before mobilization.
For nearly a century, the scope of these specialty projects limited access to companies representing less than 10% of the industry. However, advances in capabilities of rigs in the 50,000- to 100,000-pounds pullback range have opened opportunities for more drilling companies to win bids. Now that you have a rig capable of doing the work, is your company ready to execute?