Smith International, Inc. (NYSE: SII) announces drilling optimization
solutions for Chesapeake Energy Corporation (NYSE: CHK) resulting in
their first well drilling Curve and Lateral in one run, with no trips in
the Haynesville shale gas play. The ability to drill the curve and
lateral in one run with one directional assembly will afford Chesapeake
the opportunity to further reduce time and cost on future wells.
The powerful combination of Pathfinder, Smith International’s
Directional Drilling group with their advanced drilling simulation
technology, i-DRILL®, and DBOS® working in
conjunction with Chesapeake’s Drilling Team, including engineering and
superintendents, have come together to reach this milestone.
The collaborative gains from practical drilling knowledge and
technological innovation will continue to put both Smith International
and Chesapeake at the forefront of cost reduction and improved
efficiency with regard to hydrocarbon extraction in the Haynesville
shale gas play.
Smith International, Inc. is a leading supplier of premium products and
services to the oil and gas exploration and production industry. The
Company employs approximately 22,000 full-time personnel and operates in
over 80 countries around the world.
Smith International, Inc.
Stanley Head, 337-233-3982
VP,
Directional Drilling – North America
