Replies to post #701 on Diversified Oil and Gas Holdings (DVFI)

[juxtaposezen]

good point. eom

[Ajor1]

Futrcash, nice write up on the rigs. I stand corrected.

Futrcash, I am not an expert in oil and gas. Please be patient. After reviewing your excellent write up on rigs, I do believe I mistook a drilling rig for a workover rig.

I was told the cement had to be drilled and the casing, perhaps, would have to be replaced, etc. I niavel did not differentiate correctly the two. Thanks for the clarification.

I did some research based on my new understanding. It appears the workover rigs can be rented in some places for about $190/hr. It appears it might take 16-20 weeks to have a new truck built and that typically a rebuilt truck is not recommended (but that might depend on your finances).

This site had various prices for hrly workover rig rentals, costs for drilling rights, etc.:

http://www.georgedreher.com/Order_Online.html

Here is a nice video of a new Taylor rig for those, like myself, who are still learning:

http://www.taylorrigs.com/productvideos.html

Here is a picture of a used workover rig (this one is sold, but you can ask about one of the other rigs):

http://www.oilfield-auction.com/classifieds/cooper_double_drum_back_in_oilfield_rig.htm

Here is a good source on natural gas:
http://www.eia.doe.gov/oil_gas/natural_gas/info_glance/natural_gas.html

Link to one of the workover leaders:
http://www.keyenergy.com/equipment.html

And I've added futrcash's post to my personal info source on rigs. This is a good example of how I personally benefit from being on these threads.

BIGN: $0.027b

Ajor1