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PetroTech To Purchase Solid Controls Equipment From Texas Based Solid Control Depot.
PetroTech To Purchase Solid Controls Equipment From Texas Based Solid Control Depot..
About this update from Petrotech Oil & Gas Inc
[{"type":"text","content":"\n\n\n\n\n\n\n\nPetroTech To Purchase Solid Controls Equipment From Texas Based Solid Control Depot.\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nPetroTech To Purchase Solid Controls Equipment From Texas Based Solid Control Depot.\n\nPR Newswire\n\nBEDFORD, Texas, May 23, 2013\n\n\n\n\n\n\n\nBEDFORD, Texas, May 23, 2013 /PRNewswire/ -- PetroTech Oil and Gas Inc. (OTC Pink: PTOG), announced today they have entered into an agreement to purchase solid controls equipment that will expand their services by offering waste management solutions for Oil and gas drilling, completion and work over operations.\n\n\n\"In addition to the first five wells of 110 being worked over, we are pleased to be working with Solid Services Depot, a recognized industry leader in the manufacturing of quality solids control equipment,\" said Eddie Schilb president of PetroTech. \"Depending on which Rig, depth, stage and formation; the Rig and equipment will charge a day rate of between $2,000.00 to $16,000 per day, depending on the amount of equipment and tools used during that day. Factoring working days, the equipment should generate gross income of approximately 1,000,000 year and yield a net of $450,000.00 to $475,000 per year revenue. We already have a commitment on two major oil company contracts,\" he added.\n\n\nAbout Solid Control Services\n\n\nSolids control is a technique that uses combined equipment for drilling rigs to separate the solids in the drilling fluids that are crushed by the drill bits and carried out of the well to the surface.\n\n\nSolids control systems consist of five stages, including mud tanks, shale shakers, vacuum degassers, Desanders, desilters and centrifuge. Each of these items play a major role on the drilling rig as a filtration system to extract solids from the mud and return cleaner mud to the active system. It controls Mud weight and allows the rig to drill faster and keep the properties of the well-bore hole consistent so that producing formations are protected, it helps prevent blow outs and is environmentally friendly. \n\n\nThere ...