Target Drilling inc.

News Archive...

 

TDI-480 RIG NEARING COMPLETION...

Target Drilling is nearing completion of its 480,000 pound pullback / pullback top drive double rig named the TDI-480. Target will use its TDI-480 double rig to drill Marcellus Shale horizontal wells beginning with its first horizontal well in July. The 480 rig evolved from Target’s successful design and fabrication of its TDI-120 rig which has drilled a handful of surface CBM horizontal wells since the spring of 2008 including one with a coal lateral drilled to 7,008 feet measured depth. Target will apply its typical 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; downhole motors; air hammers; drill pipe and collars; etc. in addition to the trained staff to operate the drilling and directional equipment.

 

 

 

 

 

 

 

 

TARGET DRILLING LOOKING FOR PARTNERSHIPS WITH MARCELLUS OPERATORS...

Target Drilling is looking for Marcellus Shale Operators interested in forming Strategic Partnerships whereby Target Drilling will apply a portion of its drilling and directional service costs to drill multiple horizontal wells to earn net revenue interest in the wells. As a key stipulation in these partnerships, Target will establish a mutually agreeable Fixed 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 Target Drilling.

TARGET DRILLING TO BEGIN DRILLING TOPHOLE VERTICAL PORTIONS OF MARCELLUS...

In addition to drilling surface CBM wells, Target will soon begin drilling the top hole vertical portions of Marcellus Shale horizontal wells to depths of 6,000 feet true vertical depth with its TDI-120 rig, and to true vertical depths of 4,000 feet with its TDI-95 rig (formerly called the TDI-700) to supplement the downturn in drilling surface CBM wells due to low gas prices.

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 fifteen (15) 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.