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Founder and President
HQ Phone:  (918) 355-4380
Direct Phone: (918) ***-****
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4500 S 129th East Ave # 150
An oil & gas contractor that drills oil and natural gas wells.... more.
Management Team | Latshaw Drilling
Founder/President Trent leads a diverse and well qualified team of industry professionals, who provide administrative and operations support to our southwestern USA operations. With a Petroleum Engineering degree from Texas A&M University, his career began in Alaska with Parker Drilling Company and evolved to Drilling Engineer and Rig Foreman for Atlantic Richfield Company, (ARCO). Trent and Joey take a team approach to problem solving and getting the job done right. Cody is always available to collaborate and provide genuine concern for the well being of Latshaw team members. Subsequent advancement in October 2014 provided a new role in Latshaw's training department as our Training & Development Instructor. This latest advancement to IT Director was a direct recognition of his forward thinking and problem solving abilities combined with IT and communications training at the prestigious Horseshoe Bay Resorts in Texas. We value the talents he brings to our company.
IADC Officers - IADC - International Association of Drilling Contractors
TRENT LATSHAW, Latshaw Drilling Co.
LLC, Tulsa, Oklahoma
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 says. "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." Latshaw 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 says. "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." He 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 reports. "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 insists. "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." He 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 says.
Without question, the same unending determination to succeed and push forward through challenges, has been provided by our founder, Trent Latshaw, another distinguished Texas A & M University Petroleum Engineering Graduate.
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." Latshaw Drilling 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 explained. "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 noted. "Every rig we have running has a top drive." Further, "the rig du jour is 1,500 hp," Mr Latshaw stated. His 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 explained. 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 said. "We've been retrofitting quite a few of our existing rigs to put walking systems on them," Mr Latshaw said. His 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 said. 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 stated. Trent Latshaw, Latshaw Drilling: Lessons learned in setbacks lead to greater success