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Schramm, Inc. is a privately held manufacturer of mobile, top-head hydraulic drilling rigs and related equipment for the global mining, energy, and water well industries. [1] [2] In October 2019, it was acquired by GenNx360 Capital Partners. [3] It is headquartered in West Chester, Pennsylvania in the United States. Schramm affiliated sales ...
An automated drill rig (ADR) is an automated full-sized walking land-based drill rig that drills long lateral sections in horizontal wells for the oil and gas industry. [8] ADRs are agile rigs that can move from pad to pad to new well sites faster than other full-sized drilling rigs. Each rig costs about $25 million.
In 2011, the company acquired Aker Drilling, which owned 4 harsh environment rigs used for drilling near Norway. [20] In 2012, the company sold 38 shallow water rigs and narrowed its focus on high-specification deepwater rigs. [21] In 2013, the company was added to the S&P 500 index. [22]
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Seadrill is an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drillships, semi-submersible rigs, and jack-up rigs for operations in shallow to ultra-deep water in both benign and harsh environments. It provides a contract-based ...
Well drilling is the process of drilling a hole in the ground for the extraction of a natural resource such as ground water, brine, natural gas, or petroleum, for the injection of a fluid from surface to a subsurface reservoir or for subsurface formations evaluation or monitoring.