Deep Well Services Completes 575 Marcellus/Utica Wells in 2017

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Deep Well Services (DWS) is a “snubbing” oilfield services company headquartered in Pennsylvania. DWS operates a special kind of drilling rig ("snubber") that allows the company to drill existing wells already under pressure further out, inserting pipe into a working well, or retrieving pipe from a well, without shutting down the well. It’s called snubbing and it’s a specialized, delicate operation. DWS is one of a handful that performs the service in the Marcellus/Utica. DWS unveiled its newest state-of-the-art snubbing rig–a “fifth-generation” rig, in December (see Deep Well Services Introduces 5th Generation Snubbing Rig for M-U). DWS is a Marcellus/Utica success story--a company born and bread right here in our midst, in 2008. Starting from nothing, the company now employs 200 people and has plans to keep expanding in 2018 and beyond. In 2017, DWS worked on/finished 575 wells, including 229 Utica wells and 346 Marcellus wells. They now hold 30-40% of the snubbing market in the entire M-U region. DWS worked on the current world's longest-ever onshore shale well drilled--Eclipse Resources' Outlaw C11H. DWS is a company to watch. Here's an update on what they've done, and what they plan to do...

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