(9 Total References)
IADC Officers - IADC - International Association of Drilling Contractors
TRENT LATSHAW, Latshaw Drilling Co.
LLC, Tulsa, Oklahoma
Trent Latshaw, the founder ...
Trent Latshaw, the founder and head of Latshaw Drilling in Tulsa, can verify that the demand for 1,000-2,000 horsepower rigs is high.
He says the company's fleet, which includes 15 rigs within that range, has 100 percent utilization.
In fact, Latshaw reports that the only unused rig his company has on the books is a new, 1,700-horsepower diesel electric that is still under construction.
Many of today's high-spec rigs have closed-loop mud systems, Latshaw notes.
"Closed-loop mud systems do away with the need for a reserve pit," he
"The systems also processes drilling fluid more efficiently.
They are able to take more solids from the drilling fluid, which enables more fluid to be reused and makes the solids dryer and easier to dispose of.
That becomes very important when dealing with oil-based mud, which often is used in horizontal wells."
encourages operators to consider using high-horsepower rigs when the class they want is difficult to obtain.
"We consider our 2,000-horsepower rig to be identical to our 1,500-horsepower rigs, except for the drawworks size and the mast/substructure capacity," he
"The 2,000-horsepower rigs have the same footprint and move as fast as the 1,500-horsepower units, and for all practical purposes, the day rates are the same."
also says diesel-electric SCR rigs are comparable to AC rigs.
"They have the same top drives, the same mud pumps, the same mud systems, the same engines, and the same blowout preventers," he
"From the customers' perspective, they drill wells as fast as AC rigs."
In reference to safety, Latshaw
says people matter more than technology.
"You can try to design a piece of equipment that is accident proof, but safety comes down to the people on the rig floor and what their mindsets are," he
"We are putting more money into training, beefing up our safety department, and having more safety coaches go around the rigs to work with the hands."
points out that many rigs, including several of Latshaw Drilling
's units, use automated iron roughnecks to improve safety.
"Those are expensive, high-maintenance pieces of equipment," he
Trent Latshaw, President of ...
Trent Latshaw, President of Latshaw Drilling, said he has no doubt industry will push those numbers higher.
"We've been putting some of our additional rigs that had been laid down back to work," Mr Latshaw
said, noting that his
fleet utilization will reach 95% in Q2.
"Pretty soon, we're going to be out of rigs."
acquired Keen Energy Services in October 2012, "just as everybody ran out of budget money and had to shut rigs down.
We got caught up in that because not all of our rigs were under term contracts," Mr Latshaw
"In 2013, we were working through that, and people had new budget money, and oil prices actually stayed quite a bit higher than most people were anticipating throughout the year.
Activity started to pick up by late 2013, and Mr Latshaw
said that trend has continued into 2014.
"Almost 100% of what we're doing is horizontal," Mr Latshaw
"Every rig we have running has a top drive."
Further, "the rig du jour is 1,500 hp," Mr Latshaw
fleet includes some 1,000-hp rigs that are essentially drilling the same wells as a 1,500-hp rig would, and "we also have some 2,000-hp rigs doing the same, but ideally everybody wants a 1,500 hp," since the higher horsepower rigs typically have bigger - 1,600 hp - mud pumps, he
Another feature that operators are requesting is upgraded mud pumps, from 5,000 psi to 7,500 psi.
The increasing use of downhole motors, rotary steerables and the wellbore hydraulics associated with horizontal drilling are driving the demand for this increase, he
"We've been retrofitting quite a few of our existing rigs to put walking systems on them," Mr Latshaw
company now has 13 rigs with walking systems and 18 with skidding systems.
"There are a couple more rigs we are currently putting walking systems on.
That covers the majority of our fleet."
Operators are also trending toward bifuel capabilities to make use of natural gas directly from the fields.
"The operator, in most cases, is willing to pay to have the system put on rigs because it's to his
benefit of fuel savings," Mr Latshaw
For drilling contractors building new rigs, "it costs less than a couple hundred thousand dollars to put a (bifuel system) on a new rig that costs $17-$20 million," he
, Latshaw Drilling
: Lessons learned in setbacks lead to greater success
His donors include Dianne Belsom, ...
His donors include Dianne Belsom, president of the Laurens County Tea Party, who gave another $100 for a total of $300; Bonnie Latshaw and Trent Latshaw of Latshaw Drilling in Tulsa, Okla., who each gave $2,600; and Bauer Vaughters and Deedee Vaughters of Aiken, who gave $2,600 each.
Mustang Gathering 2007
Registered NL551W 11.8.07 for Trent Latshaw (Latshaw Drilling & Exploration Co), Tulsa OK.
Painted as "CY-G" "The Milllie G".