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Wildcat Oil Tools offers premier oilfield fishing services and rental equipment including FRCG plugs, drilling tools, thru tubing & more throughout Texas, Pittsburgh, PA, & Carlsbad, NM. Contact us today!
- History
Wildcat’s research and development team illustrate its...
- Team
Don started with Wildcat Oil Tools as the District Manager...
- Corporate Profile
Today, Wildcat is committed to expanding this vision by...
- Compliance and Ethics
Wildcat strongly believes that our operations must meet the...
- Drilling
Our product and service lines have consistently expanded...
- Completion & Production
Today, Wildcat has operating facilities in Odessa, Texas;...
- History
- What Is Wildcat Drilling?
- Understanding Wildcat Drilling
- Special Considerations
Wildcat drilling, a form of high-risk exploratory drilling, is the process of drilling for oil or natural gas in unproven or fully exploited areas that either have no concrete historic production records or have been completely exhausted as a site for oil and gas output. This higher degree of uncertainty necessitates that the drilling crews be appr...
Exploration and productionare the first stages of energy production, which include searching and extracting oil and gas. An E&P company finds and extracts the raw materials used in the energy business. The term "wildcat drilling" probably has its origins in the fact that drilling activity in the first half of the 20th century was often undertaken i...
Another aspect of wildcat drilling involves small producers exploring for oil in fields that have already been fully exploited by larger oil companies. These fields can have sizable pockets of oil reserves that are uneconomic for larger producers due to economies of scale but are still worthwhile for smaller, more agile wildcat drillers. A 2008 Mas...
wildcat. 1. n. [Drilling] An exploration well. The significance of this type of well to the drilling crew and well planners is that by definition, little if anything about the subsurface geology is known with certainty, especially the pressure regime.
Wildcat drilling means drilling for oil or natural gas in areas that have remained unexplored or unproven. The drilling venture is much riskier if the area has no history of oil or gas production, hence the word ‘wildcat’ .
8 de nov. de 2023 · A wildcat well is a well that's been drilled outside of an area known to have oil and gas. The phrase may be lighthearted, but millions of dollars can be risked on a single well without any...
24 de feb. de 2020 · Over the last 10 years, wildcat drilling has declined overall, particularly in mature fields such US, Canada, and the UK. In particular, the fall in oil price and competition from cheaper-to-drill unconventional oil and gas wells, such as shale, has impacted activity.
Today, Wildcat has operating facilities in Odessa, Texas; Carlsbad, New Mexico; McAlester, Oklahoma; Oklahoma City, Oklahoma; and Waynesburg, Pennsylvania. Wildcat opened its latest location in Pleasanton, Texas facility in March 2018.
