Target Drilling inc.

News Archive...

 

Strategic Partnerships Between TDI and Marcellus Shale Operators... 10/25

TDI is looking for Marcellus Shale Operators interested in forming a Strategic Partnership whereby TDI will share the risk and benefit of drilling Marcellus Shale horizontal wells in a fixed number of days. If the horizontal well is drilled in less than the agreed to days, TDI will receive a bonus. Conversely, if drilling the well exceeds the agreed to number of days, TDI will reduce its rig day rate to complete the well. Furthermore, as a PA drilling company, TDI is interested in developing long-term relationships with Marcellus Shale operators with earned carried interest. As a key stipulation in these partnerships, TDI will establish a mutually agreeable not-to-exceed cost to drill each well, less consumables, so that the Marcellus Shale Operator has control over its well AFE costs. Contact Steve Kravits to learn more details about this strategy if interested in establishing a partnership with TDI.

Fit for Purpose Rigs – Surface and Underground (In-Mine Permissible Horizontal)... 10/25

TDI provides fabrication and design for its “fit for purpose” rigs such as the TDI-480, TDI-120, TDI-95, and underground MSHA permissible horizontal rigs. Beginning in 2011, TDI will market these design and fabrication capabilities to outside clients. This creates a unique capability that TDI can provide to the Marcellus Shale Operators and other oil, gas and mining companies, both domestic and international.

TDI-480 RIG UPDATE... 6/15/2010

TDI completed its 480,000 pound hook load / pull-down top drive double rig named the TDI-480. TDI has completed two vertical and one horizontal Marcellus Shale wells. The 480 rig evolved from TDI’s successful design and fabrication of its TDI-120 rig which has drilled ten surface CBM horizontal wells since the spring of 2008 including one with a coal lateral drilled to 7,008 feet measured depth. TDI will apply a turnkey drilling and directional drilling strategy drilling Marcellus Shale Wells providing the 480 rig; two Gardner Denver PZ9 triplex mud pumps; mud pulse MWD steering systems; compressed air (for top holes); downhole motors; air hammers; drill pipe and collars; etc. in addition to the trained staff to operate the drilling and directional equipment. See “Rig Design and Fabrication” section to learn more about the capabilities of the TDI-480 rig.

 

 

 

 

 

 

 

 

 

 

 

 

TARGET DRILLING UNDER-BALANCED DIRECTIONAL DRILLING SYSTEM PATENT ISSUED...

The United States Patent and Trademark Office issued United States Patent No. US 7,493,951 B1 titled “UNDER-BALANCED DIRECTIONAL DRILLING SYSTEM.” Target Drilling has successfully drilled thirty-one (31) surface CBM wells to date using this patented strategy. To learn more about the technical and economic results of Target’s Under-Balanced Directional Drilling Dual Well System contact Target Drilling to discuss and receive a copy of the presentation entitled, “TDI CBM Well Strategy That Maximizes EUR and Enhances Plugging Effectiveness Using Polymer Gel Prior to Mining,” presented at the SPE/SME Joint Meeting in Pittsburgh, PA May 20, 2009.

CBM WELL COAL LATERAL PLUGGED & MINED THROUGH WITHOUT INCIDENT...

Using Target Drilling’s newly redesigned and fabricated gel mixing and pumping unit, Target successfully plugged the bottom 1,000 feet of the right lateral of a surface CBM well with Concrete Materials’ (CCM’s) reformulated polymer gel. The plugged lateral was mined into without incident finding the coal lateral filled with cured gel. See Target’s new website section on plugging in-mine boreholes and surface CBM well coal laterals prior to mining for more details.