Deep Well Services Introducing “Generation 6” Rigs for M-U

Deep Well Services, a Marcellus/Utica-born company that specializes in “snubbing” work (completing those super-long laterals you read about), sold itself this past April (see Deep Well Services Sells Itself to Houston PE Firm White Deer Energy). Deep Well announced a deal to be bought out by Houston private equity firm White Deer Energy. No, Deep Well and the expert team of 220 who work there now are not going anywhere. The company, headquartered in Zelienpole, PA, is staying put--same workers, same management team. But the new "owner" (perhaps we should say funder) will make it possible for Deep Well to hire more people, and enter other markets, including the Texas Permian oil play. Deep Well has long been known for its technological innovations. They've worked on the four longest on-shore lateral wells drilled--in the world. One of the laterals they drilled is 20,800 feet long (almost 4 miles). Incredible! Deep Well issued a press release to announce they're doing it again. The company is currently building three new "Generation 6" rigs, to be used in the Marcellus/Utica and in the Permian. What's new and different and better about a Gen6? "...the 300K Hydraulic Completion Units include features such as a quick-pick design and slip interlock system. The 15K PSI-rated units have 10,000 foot-pound rotaries." Whatever that means. We're sure some of our sharp MDN readers know exactly what it means and why it's cool. For us, the news is that Deep Well is at it again, pushing the boundaries of technology, making it possible to drill already incredibly long shale wells even longer...

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