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This profile was last updated on 6/18/2017 and contains contributions from the  Zoominfo Community.

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Wrong Trent Latshaw?

Trent B. Latshaw

President

Latshaw Drilling Co.

HQ Phone:  (918) 355-4380

Direct Phone: (918) ***-****direct phone

Email: t***@***.com

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

Latshaw Drilling Co.

4500 S 129th East Ave # 150

Tulsa, Oklahoma,74134

United States

Company Description

An oil & gas contractor that drills oil and natural gas wells....more

Web References(15 Total References)


Tulsa Air and Space Museum

tulsaairandspacemuseum.com [cached]

Trent Latshaw
Latshaw Drilling Co., LLC


Management Team | Latshaw Drilling

www.latshawdrilling.com [cached]

Trent Latshaw
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

www.iadc.org [cached]

TRENT LATSHAW, Latshaw Drilling Co.
LLC, Tulsa, Oklahoma


Mustang Gathering 2007

wolverhamptonaviationgroup.co.uk [cached]

Registered NL551W 11.8.07 for Trent Latshaw (Latshaw Drilling & Exploration Co), Tulsa OK.
Painted as "CY-G" "The Milllie G".


US onshore continues ramp-up, but dayrates remain near bottom - Drilling Contractor

www.drillingcontractor.org [cached]

"We've seen that the new-to-industry people have fewer recordable incidents than the experienced people who are new to our company," Trent Latshaw, President of Latshaw Drilling, said.
"They're working for a new company on a new rig they haven't been on before, with new people. Maybe they've been laid off for a year or so. When you combine all that together, it really increases the potential for more incidents." On the other hand, new-to-industry employees are starting from scratch. "They don't have any preconceived ideas or bad habits they've picked up somewhere else," Mr Latshaw said. Mr Latshaw said this arrangement is reducing the number of incidents associated with new-hires. In addition to hiring and training crews to work on rigs that are brought out of stack, the cost of getting the rigs ready to drill can be a challenge, Mr Latshaw said. "You would think that a rig that was operating well when it was stacked could be brought out, dusted off and put together and it's ready to go," he said. "Unfortunately, it just doesn't work that way. Depending on the extent of the repairs or upgrades required to get the rig in working condition, it can cost anywhere from a quarter of a million to a million dollars, he added. Like many contractors, Latshaw Drilling has been upgrading its fleet with walking systems and 7,500-psi mud pumps to align with operators' demands. The contractor has been installing walking systems on the handful of its rigs that didn't already have them and has installed 7,500-psi pumps on a third of its 41-rig fleet. Now, all but eight Latshaw rigs have walking or skidding systems, and the rest will be converted as needed, Mr Latshaw said. While walking and skidding systems are essentially a must-have at this point, he said, 7,500-psi pumps are primarily required in areas where operators are drilling 5,000- to 10,000-ft or longer laterals. "We've got quite a few rigs working in the STACK play in Oklahoma where operators are drilling 5,000-ft laterals and don't need 7,500-psi pumps," he said."But if you go out in the Delaware Basin where they are doing 5,000- to 10,000-ft laterals, they're asking for 7,500-psi pumps." Latshaw Drilling, which has rigs in Texas and Oklahoma, saw its utilization bottom out at 25% in May 2016, when only 11 of its 41 rigs were working. Since that time, the company has put nine rigs back to work, bringing its utilization rate up to 50%. As of early April, four additional rigs were scheduled to start new contracts. All rigs must have at least a six-month contract, or a multi-well contract that equals six months or more, in order for the company to bring it out of stack, Mr Latshaw said. Otherwise, the economics won't stack up against the costs to bring the rig back to working condition and to staff it. Operators are, in fact, starting to offer longer-term contracts rather than just well-to-well deals, he added. "We've actually had several operators that have proposed one-year contracts. Of course, they're looking to lock in the current rates that are close to bottom. Mr Latshaw said he has opted to stick with six-month contracts instead so that the rigs won't be locked in at such low rates for a full year. Such decisions belie a confidence in the market. Mr Latshaw said he believes that most rigs under contract now will likely continue to find new work once they roll off their current contract. The rigs that have been working throughout the downturn are the high-spec, pad-optimal rigs that operators prefer. They also like to hire hot rigs, rather than one that's just been brought out of stack, but those options are fast disappearing. Looking to the rest of 2017, Mr Latshaw said he sees indications for a solid year of recovery for the US onshore, and 2018 should be even better. "If oil prices stay where they are now, then I think this year will be a good transition year leading to better times," he said. The supply/demand numbers support this, he added, pointing out that oil demand is growing at between 1.2 million to 1.5 million BPD each year, while between 4 million to 5 million BPD of supply is being depleted each year. Given that many projects were delayed over the past two years as a result of the downturn, supply is likely to lag demand by the latter part of the decade, Mr Latshaw said.


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