"There is a need in the marketplace for new technology that aids in extending lateral reach while improving drilling efficiency, resulting in lower well costs."
TeleDrill utilizes patented pulse technology to meet this challenge.
Current TeleDrill technologies include patented designs with applications in well drilling, completions, and intervention.
Horizontal Well Market:
Shale gas plays are fueling the growth of horizontal wells in North America. February 2012 rig count numbers indicate that over 1300 rigs are drilling horizontal wellbores in the United States and Canada. Additionally, there are 850 coil tubing units in North America. An increasing percentage of these units are performing completion and intervention work on horizontal wells. Shale gas drilling activity is expanding internationally in countries such as Poland, Australia, United Kingdom and Argentina.
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TeleDrill News:
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Rig Counts:
Smith Bits
Baker Hughes
Industry Links:
ICoTA
TX RR Commission