Aresco

NOVEMBER 30, 2023

What sets intangible drilling costs apart is their intangible nature, as they are related to activities and services essential for the drilling process but do not involve the acquisition of physical assets like drilling rigs or equipment. Disclaimer The above general discussion is provided for background information only.

Exploration and Production 52

Exploration and Production Consulting Oil Professional Services 52

The Energy Law Blog

NOVEMBER 18, 2020

Smart Fabricators of Texas (“SmartFab”) fabricates steel and repairs oil and gas drilling equipment. Its employees work at its shop and yard and occasionally on jacked-up drilling rigs, often docked to inland piers. To receive information from Liskow & Lewis, your information will be kept in a secured contact database.

Casing 40

Casing Drilling rig Offshore E&A 40

The Energy Law Blog

NOVEMBER 18, 2020

Smart Fabricators of Texas (“SmartFab”) fabricates steel and repairs oil and gas drilling equipment. Its employees work at its shop and yard and occasionally on jacked-up drilling rigs, often docked to inland piers. To receive information from Liskow & Lewis, your information will be kept in a secured contact database.

Casing 40

Casing Drilling rig Offshore E&A 40

Drillers

MARCH 31, 2021

Category C: Drilling rigs capable of performing all well operations through marine riser and BOP. Category D: Production Drilling, with focus on completion and intervention needs. Type 1 and type 2 vessel-based approach provides cost savings compared to the contracting of a drilling rig. MODUs or cat.

Abandonment 52

Abandonment Workover Temporarily Abandoned Operator 52

Aresco

AUGUST 13, 2024

Tangible Drilling Costs (TDCs) , on the other hand, are associated with the purchase of equipment and have salvage value, like the drilling rig and wellhead. This provides a significant upfront tax benefit, reducing the overall financial risk of the investment. These costs are typically depreciated over seven years.

Oil 52

Oil Gas Exploration and Production Drilling rig 52

The Energy Law Blog

NOVEMBER 13, 2019

To receive information from Liskow & Lewis, your information will be kept in a secured contact database. Privacy Policy: By subscribing to Liskow & Lewis’ E-Communications, you will receive articles and blogs with insight and analysis of legal issues that may impact your industry.

Transportation 40

Transportation Operator Drilling rig E&A 40

The Energy Law Blog

MARCH 30, 2017

25] In addition, the operator was unable to move a drilling rig onto the wellsite due to weather in February 2004, and as a result, the operator had to pay standby time for the rig. [26] 21] Prior to spudding the well, the operator faced weather delays and was required to obtain a CUA permit. [22] 1] See 51, 212 (La.

Spud-in 40

Spud-in Operator IT E&A 40

Oil Gas Leads

MARCH 11, 2025

For instance, one rig might report, TOOH f/xxx to BHA, while another writes, TOOH for DTF f/xxx. These inconsistencies make it difficult to compare performance across different wells and rigs. Without a standardized format for trips, drilling, rig moves, and downtime, cross-referencing and troubleshooting issues become much harder.

Oil 52

Oil Gas Basin Operator 52