Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

DUG Permian April 2017

97 views

Published on

Safety, Mobility, and Power Density: The Case for a 2-Rig Strategy

Published in: Services
  • Login to see the comments

DUG Permian April 2017

  1. 1. Safety, Mobility, and Power Density The Case for a 2-Rig Strategy DUG Permian-Fort Worth, TX USA Mike Dynan, VP Portfolio and Strategy April 4, 2017
  2. 2. 2 Precision, Control & Safety We are Rig Builders SMALL is Big ConclusionIntroduction 2 Rig Strategy Savings The Slow Road Back: Oil & Gas Industry Outlook for 2017… Wall Street Keeps Faith in Oil Recovery The Region Leading the US Oil Recovery: Permian Basin Proving Resilient… We all have seen the headlines
  3. 3. However, costs remain top concern… The question Schramm always gets: How does your equipment deliver better value in today’s continued challenging environment? – It is not just new technology, it is the application of that technology – Think different, think disruptive, drive out waste from every aspect of operations 3 Precision, Control, & Safety We are Rig Builders SMALL is Big ConclusionIntroduction 2 Rig Strategy Savings Cost Reductions help US Shale Industry Pass First Real Test Technology Remains Essential Growth Driver for Shale Plays
  4. 4. Founded in 1900, HQ in West Chester, Pennsylvania • Markets served: Mining, Water Development and Energy • Over 2000 drilling rigs delivered and commissioned • Equipment operating in 50+ countries • Core competencies…We are machine builders • Control Systems, Hydraulics, Structures 4 Precision, Control & Safety We are Rig Builders SMALL is Big ConclusionIntroduction 2 Rig Strategy Savings
  5. 5. Above the ground…SMALL leads to big savings – Mobility: over the road loads & maneuverable – Ease of setup: no cranes; one shift – Walking systems: ideal for pad drilling Below the ground… Drilling in cycle time sweet spot = reduced cost for total wellbore delivery – Traditional: Horsepower vs. Applied Technology: Power Density • Speed in the right places; performance without comprising the wellbore 5 Precision, Control & Safety We are Rig Builders SMALL is Big ConclusionIntroduction 2 Rig Strategy Savings
  6. 6. • Power density and light weight hydraulics in the next generation of rigs… – Digital control over mechanical devices using Schramm’s custom code – Real time data feedback: Parameter driven functions for each wellbore • Torque, speed, position, load handling… • Transcending the “feel” of drilling with real time data • Intermediate section capability • Schramm designs have made rig operations safer… – “The Loadsafe product takes human error out of the pipe handling process. Less workers wrangling pipe equals fewer opportunities for injury”…Rowdy Bragg, Liberty Safety Consultants 6 Precision, Control & Safety We are Rig Builders SMALL is Big ConclusionIntroduction 2 Rig Strategy Savings After 2 years accident free, a Schramm operator received a significant insurance reduction!
  7. 7. 7 • Application of the Fit for Purpose Rig Strategy • Different sections of well bore development can utilize different equipment • Proven in multiple basins Case 1: Appalachia Case 2: Bakken Case 3: Permian • Bottom Line Savings… • Day rate spread between a Schramm and a Tier 1 Conventional Rig • Concurrent operation of Schramm rig & setup of conventional allows drilling to start sooner… • Reduced number of drilling days (speed) to complete surface & intermediate sections Precision, Control & Safety We are Rig Builders SMALL is Big ConclusionIntroduction 2 Rig Strategy Savings
  8. 8. • Excelling in a new commodity price environment requires cost savings and productivity which come down to the Safety, Speed and Simplicity of a 2 Rig Strategy: – Smaller crews – Hands free pipe handling – Power density providing similar results as complex AC electric systems – Fit for purpose rig selection • With over 117 years of experience, Schramm continues to innovate 8 Precision and Control We are Rig Builders SMALL is Big ConclusionIntroduction Connectivity and Safety
  9. 9. Thank you for your time! Please visit us today in booth 412

×