Startup business in Oil and Gas drilling. we have commitments from 5 companies to drill their wells.
The vision of the company is to supply a quality Drilling rig to independent oil and gas operators. We are looking for drilling opportunities from the 4,000 to 8,500 foot range. This is our niche in the industry, either you have small rigs to 4,000 feet or 9,000 foot plus rigs. The bigger the rig the more for day rates. The target area is North Texas area 150 mile radius of Jacksboro, Texas. This would include Jack, Archer, Baylor, Wichita, Tarrant, Montage, Wilbarger, Palo Pinto, Parker Stephens, Young, Haskell among others. Within the radius we have clients that are ready for us to drill for them. Clients include G&F Oil, Dry Creek, H&W Operating, and Dry Fork production. At the current time we have commitments for 15 wells and promissory wells for the next 2 to 3 years, 28 wells per year. Circle T wants to have the best utilized and safest rig in the North Texas area. We will incorporate automation devices into the rig including automated catwalk and Pason EDS system. Automated catwalk will allow us to save our clients time and money, Pason EDS will allow our clients to see drilling progress. Look at the Environmental side. Circle T will abide and strive to adhere to State and federal regulations. With the Spencer Harris 7000 we have the ability to mobilize and demobilize quickly, with the additions we want to incorporate into the rig we will save the client time and money.
Links:
https://app.pitch.com/app/presentation/82b7da16-17d1-4a8c-9442-87ddab6cc67a/2c631a94-e074-4235-a83c-31d616e57652https://1drv.ms/b/s!Ann8gNOVmPVDoGa-HoYmKl2goOKY?e=eVjPZL