The Eagle Ford Shale rig count gained one this week, increasing the total to 87 rigs running across our coverage area by midday Friday. In recent Eagle Ford news, Preferred Proppants announced last week it has begun commercial operations at its Atascosa sand mine and facility.
[pdf] The drilling rigs used in shale development are usually "top-drive" rigs that are capable of "walking" short distances (on the order of 20 feet) in order to drill multiple wells on one well pad without the need to dis-assemble and re-assemble the rig between each well.
[pdf] NOV's two main predecessors, Oilwell Supply and National Supply, were founded in 1862 and 1893, respectively. These two companies manufactured and distributed pumps and derricks. In 1930, acquired Oilwell Supply. In 1958, merged with National Supply. In 1987, National Supply merged with USS Oilwell to become "National Oilwell". Varco was founded as Abegg and Reinhold Company by Walter Abegg and Baldwin Reinhold i.
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