TEXAS OPERATOR SEES AN AVERAGE SAVINGS OF $42,000 AT $70,000 SPREAD RATE

Early-on, drilling consistency was established and time savings were quickly identified across the wells, with a 22% (0.6-day) average on-bottom rotating drilling time improvement. The customer saw a ROP increase of 5% in the intermediate section and 26% improvement in the lateral - all contributing to a 12% lower cycle time and an average cost savings $42,000 at a $70,000 spread rate.

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