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Chesapeake Energy Corporation Message Board

  • richardleeds richardleeds Apr 12, 2013 9:07 PM Flag

    Big news for CHK and oil and gas

    Schramm's new T500XD rig for oil and gas drilling can drill 15,000 horizontal wells with a crew of 3 men instead of the standard drilling rig that requires 6 men. Not only is the labor cost of drilling with this rig going to drop in half but it requires less trucks to move it from site to site.

    All oil and gas companies are going to eventually benefit from lower labor hours to drill, less transportation costs to move drill rigs around and better recovery rates.

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