In oil drilling, the spud date is when a machine capable of reaching total depth begins drilling a new well. This process is also known as spudding in. Before a company can begin extracting oil from a well, they first need to drill a surface hole and fill it with concrete. This is done to protect the groundwater around the hole from becoming ...
Spudding is the process of beginning to drill a well in the oil and gas industry. Initially, a larger drill bit is used to drill a surface hole, which is lined with casing and cement to protect ...
In oil drilling "spudding" means the very start of drilling on a new well. Check out Infoplease's oil spill glossary, written after the 2010 Gulf of Mexico Oil Spill. In addition, the American Petroleum Institute offers the following definitions using the word spud: Spud Contractor Name. The name of the contractor spudding the well. Spud Date
spud English | Español: 1. vb. [Drilling] To start the well ... To start the well drilling process by removing rock, dirt and other sedimentary material with the drill bit. See: bit. 2. vb. [Drilling] To apply weight to a troublesome drilling section, usually by moving the drilling string up and down, in hopes that the section will drill ...
Spud Date means, with respect to any Nucor Well, the date of commencement of setting surface casing with a surface casing rig.
The following wells were spud in Texas during the month of September 2017 (The spud data runs about two months behind): County API Operator Lease Name Well # Status Spud Date Andrews 42-003-47527 FASKENOIL AND RANCH, LTD. FEE 'BQ' 404 drilling in progress 9/14/2017 Andrews 42-003-47531 FASKEN OIL AND RANCH, LTD.
The Well Inventory system will allow searches based upon the date of a Permit to Drill, Spud Date, Completion Date, First Production Date or a Plugging Date. To search the Well Inventory system based on the date a well was permitted to drill, spudded, completed, first produced, or plugged select one of the radio buttons and enter the date the ...
These included paying $12.6 million up front, and committing to cover either Vitol’s $7.2-million share of the costs of the discretionary well, or if the well were removed from the budget or drilling did not commence before the expiry of the second exploration period, a deferred consideration of $7.4 million.
A well's spud date marks the starting point from which you measure how long it takes to drill a well. So, why is this important for investors? Ultra Petroleum (NYSE:UPL) sometimes references "spud ...
Well Information includes information on borehole activities such as drilling activity, counts on the number of boreholes completed, and number of shut-in's. Additional information includes the lease number, well name, spud date, the well class, surface area/block number, and statistics on well status summary.