Drilling in the Permian Basin remains steady, based on figures from the latest Baker Hughes rig count. The report showed 303 oil and gas rigs were active in the basin of West Texas and southeast New Mexico. It was the highest count in all of the nation’s various shale plays.
[pdf] DTH is short for “down-the-hole”. Since the DTH method was originally developed to drill large-diameter holes downwards in surface-drilling applications, its name originated from the fact that the percussion mechanism followed the bit down into the hole. Applications were later found for the DTH method underground, where the direction of drilling is generally upwards instead of downwards.
[pdf] The PACE®-M800 rig also features faster, more advanced walking capabilities for multi-well pad drilling. It is ideal for drilling up to four wells per pad and moves twice as fast as the PACE®-X800 rig. Fe.
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