The other part is if the cost of drilling rate
goes down, they will be back on," Millard said.
The current drilling rate
in the region is on the low side when compared to where it was about 5 years ago.
Here are Hughes' calculations if the current drilling rate
were maintained: 1,500 new wells per year leading to a tripling in the number of operating wells, if the EIA's estimate of remaining productive locations is accepted.
The initial program will be on 400 metre-spaced holes, which on past experience of a drilling rate
of around 10 holes per day should see the first program completed by end of April.
For cost-benefit analyses, accurate measurement of drilling rate
and consumption rate is essential.
As the divers became more proficient and the process was refined, the drilling rate
An exploratory drilling rate
of 40 wells per year was proposed as a solution to this crisis.
At 6,000 meters the drilling rate
increased rapidly for a meter, as the drill cut through a soft region in the granite.
The increase in our drilling rate
will have a significant impact on Osage's production, revenue, and reserves.
Given that stoppages have been experienced due to lightning this is an excellent drilling rate
A new drilling rate
record is set on a Khuff gas well using advanced directional drilling techniques;
The new approach suggests that the drilling rate
is compared with a newly introduced parameter, called as drilling rate