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Know Mostly used Drilling Rig Acronyms

Rig Skills

DP -Drill pipe HWDP – Heavy weight drill pipe DC – Drill collar BOP – Blow out preventer TDS – Top drive system WOB -Weight on bit ROP – Rate of penetration GPM – Gallon per minutes SPP – stand pipe pressure VFD Variable frequency drive SCR -Silicon controlled rectifier AC -Alternating current DC – direct (..)

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Kuwaiti Producers Partner With OilPro & KamberFab to Build API Tanks

OilPro

So w hat to do when your client says “but I really want a Canadian-style, non-field erected, engineered, shop-built 2,500 Bbl tank”? In this case it was a little bit easier. API 650 Guideline 2,500 Bbl tanks and then truck them to site. Our Kuwaiti client wanted us to build 32 Oz.

API 52
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Condensate Recovery Solutions from OilPro

OilPro

One Bakken tank farm currently venting 300,000 SCF/d of 2,300 BTU/ft3 gas was shown to be able to achieve a condensate volume of ~ 70 Bbl/d recoverable. In some cases, project payout is less than 6 months. Once installed the site can have conditioned fuel gas for on-site power generation.

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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

Financial Summary The combined company’s production forecast at closing is 370,000 boe/d (63% liquids) and based on commodity prices of US$70 /bbl WTI and C$2.00 /GJ AECO, the forecast annualized funds flow is $3.8 After annual capital investments of $2.6 billion 4 , free funds flow is forecast at $1.2 billion 1.

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