A friend called the other night to catch up and chew the fat about things in general. I asked him if he was busy, etc., and he told me that he had lost a well that day.
When deciding whether to add rigs and other large equipment to a fleet, contractors need to consider how much they can afford to pay, how to best structure the terms to leave some cash flow intact, whether to lease or buy, and a host of other questions.
At trade shows and in contractors’ offices, veterans talk a lot about the skills gap and the greying of the industry. Demo events, like one The Driller attended recently in Flint, Mich., can help.
