Texron Operating
JUNE 10, 2023
Igniting Prosperity: An Insight into the Economic Influence of Oil and Gas in Texas A pivotal component of the Texan economic landscape, the oil and gas sector has been fueling the state’s growth engine for decades.
Drillers
MARCH 19, 2020
Roughnecks operate cranes, run drilling engines and pipes, and are in general given more skilled tasks and paid more for doing them. Several years of work as a roughneck are enough to pass to the next level, which is that of derrick hand, or derrickman. The Derrick hands are responsible for the drilling mud and the mud pumps.
Aresco
FEBRUARY 5, 2024
Drilling Rig: The equipment and machinery used to drill the well, including the rig itself, mud pumps, derricks, and other drilling apparatus. Intangible Drilling Costs (IDC) represent non-physical expenses, such as labor, surveying, and engineering, which are also deductible but treated separately from TDC in tax calculations.
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