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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Douglas V. Fant who wrote (17916)	4/4/1998 1:55:00 PM
From: Sunny	Respond to of 95453

Doug, Tesco rents top drives for around $2800/day. It more or less replaces the swivel and kelly. It runs up and down on rails. On land rigs I do not think there is a crew savings component to it. On permanent mounted top drives they are frequently paired with an iron roughneck that handles the pipe handling duties. It adds cost but also is a safety thing for semis and drill ships. Value added equipment, Where you trade time for money and it is a good thing if the value of the time you save is worth more than the money they pay you to rent your equipment. Sunny