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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (43317)	8/24/2006 5:02:47 PM
From: JimisJim	Read Replies (1) \| Respond to of 108661

iso: you talking about this kind of rig (INTEQ)? Or some variation on rotary steerable rigs? INTEQ launches TruTrak automated directional drilling service INTEQ HAS introduced the new TruTrak automated directional drilling service, which combines X-treme drilling motor technology with closed loop automated rib steering. The non-rotating TruTrak system provides superior hole quality, high rate of penetration (ROP) and minimum wear-and-tear on the drill string and downhole tools. "The TruTrak service is based on INTEQ's experience with our AutoTrak rotary steerable service and the VertiTrak service designed for vertical drilling," explained INTEQ president Martin Craighead. "The TruTrak service brings a step change to the drilling efficiency and precision of typical directional wells in low spread-cost environments such as North America. This type of automated integrated steerable system is expected to be the technology of the future." The TruTrak drilling system combines the automated steering control from INTEQ's AutoTrak rotary steerable system, integrated directional measurement-while-drilling (MWD) and X-treme motor technology to provide improved wellpath control and drilling efficiency vs traditional drilling technology. The system's modular design permits the addition of additional MWD sensors . The TruTrak service has already delivered superior wellbores and cost savings under challenging drilling conditions in western Canada and the mid-continent US region. "For a recent well in Canada, the TruTrak service saved the operator over US $1 million in drilling costs," reported Matthias Reich, INTEQ product line manager for VertiTrak and TruTrak services.