Basic Energy Services Inc. said July 18 that one of its high-spec, 24-hour rig and equipment packages recently completed a record-setting Wolfcamp A well for Surge Energy US Holdings Co. in the Permian Basin.
Rig #1826, based in Big Spring, Texas, along with a bundled Basic high-spec ancillary equipment package successfully drilled out frac plugs over a total horizontal displacement of 17,935 ft (3.4 miles). To date, this well marks the longest known lateral completed in the Permian Basin.
The rig, a high-spec, 600-horsepower Taylor well servicing unit, coupled with Basic’s twin 2,250 horsepower pumps and high-performance ancillary equipment, completed the drill-out of the Medusa Unit C 28-09 3AH safely and efficiently in six days.
Recommended Reading
Trans Mountain Appoints New CEO, President
2024-08-23 - Trans Mountain appointed Mark Maki to CEO, succeeding Dawn Farrell who will now be chairman of the board.
Dividends Declared in the Week of Aug. 19
2024-08-23 - As second-quarter earnings wrap up, here is a selection of dividends declared in the energy industry.
California Resources Surpasses Tender Amount on Senior Notes Due 2026
2024-08-22 - As of Aug. 21, the early tender time, California Resources Corp.’s principal amount tendered reached $488,467,000, exceeding the maximum tender amount.
Halliburton Working to Assess Cause, Impacts of Cyberattack
2024-08-22 - A Halliburton spokesperson said the company had activated a response plan and was working internally and with external experts to remediate the “issue.”
TIPRO Appoints T. Grant Johnson to Chairman
2024-08-21 - Johnson, who currently serves as the president of Lone Star Production Co., has sat on TIPRO’s board as a regional representative for the past four years.