It’s actually ironic that Russian influence in oil price 2019-2020 was designed to push the oil price down and rid the US of Permian oil companies. This it did in some respects ,at the time . It’s now backfiring ,now the oil price is ballooning
These companies are coming back strong and are necessary for US oil reserves.
You would never have bought this company last year
Oil was being given away and these companies where being shelved left right and centre , I know because I was interested in this area myself due to a company I was doing a contract for But what a difference a year makes. Seems bonkers
The successful companies where the companies carrying cash at that time buying these companies
I was correct in assuming that a third party was in charge Of cementing . Maybe baker Hughes as they are doing other operations Seems like a school boy error from the cement operator running cement through the cement standpipe (a high pressure valve manifold arrangement which directs flow) I guessing a batch of cement was made Then released through the standpipe, but remember it’s High pressure maybe 5000-10000# pressure, so the kickback is huge . Think he would soon now he’s done a Frank Spencer
The outside operator whose not part of the drilling team but paid by maybe baker Hughes is responsible for sure. As previously stated ‘can be rectified’ maybe the batch of cement may have been wasted and disposed of.
All in the days work of operations but seems shocking to Investors wanting news
That’s a pretty good summary …. Although size is now the size of a 40ft container on a land rig 2motors, high pressure pump, mud mix tub, liquid additives and an elevated platform for the cementer controller. The cementer is normally a separate rental item from one of the big three Halliburton, baker Hughes or Schlumberger who will often provide a specialised operative. Anything goes wrong on that equipment it’s the supplier who fixes it.
The drillers around the shakers will see and take samples Pre shaker and after the shakers , with the mud returning to the mud pits The cuttings will be washed and analysed in the lab (the driller will see the change in cutting types and oil deposits)
Logging I guess firms this all up , with log samples and for the lab.
I’m not saying that it’s not necessary
Also baker Hughes will be taking samples all around this area