RigUp Licenses Shell's U-Lateral Drilling Technology for the US
Our mission at RigUp has always been to make it easier, faster and safer to power our world. Today marks an exciting milestone in that journey. We are thrilled to announce that RigUp will exclusively license Shell’s U-lateral drilling technology to energy companies across the US.
Developed by Shell, U-lateral drilling offers significant benefits for an industry where efficiency is more important than ever before. By enabling rigs to drill more reservoir footage per month, reducing both the cost per foot of reservoir accessed and the cost per barrel of oil produced, the U-lateral technique allows operators to reduce drilling costs and save time while effectively increasing the production capacity of each surface rig by 50%. The technology also unlocks access to previously stranded acreage, allowing energy companies to maximize their land use and reduce their environmental impact compared to traditional well designs.
As the leading source-to-pay solution for the energy industry, RigUp is uniquely positioned to bring this innovative technology to market. Operators can now license U-lateral drilling from RigUp on a per-well basis, with seamless integration into their existing purchasing workflows. Our team will handle all program contracts and administration, making it easy for energy companies to leverage this technology as part of their operational strategy.
This exclusive licensing agreement is the latest addition in an exciting expansion of RigUp's offerings. From our roots in labor — we are still the country’s leading energy workforce provider — and our nationwide vendor network spanning hundreds of service categories, to the introduction of custom-built software and services that streamline essential processes like vendor management and bidding, we’ve been steadfastly committed to helping energy companies work more efficiently in a challenging and fast-changing world.
With the addition of cutting-edge technology licensing to our suite of services, we're taking that commitment to the next level.
We're proud to license Shell's U-lateral drilling technology to the energy companies we serve. Together, we're empowering the industry to increase production, reduce costs and operate more sustainably — all critically important priorities as global energy demand continues to rise.
FAQ
Q: What is U-lateral drilling technology?
A: U-lateral drilling technology, developed by Shell, enables rigs to drill more reservoir footage per month, reducing both the cost per foot of reservoir accessed and the cost per barrel of oil produced. This technique allows operators to reduce drilling costs and save time while effectively increasing the production capacity of each surface rig by 50%.
Q: How does U-lateral drilling benefit energy companies?
A: U-lateral drilling unlocks access to previously stranded acreage, allowing energy companies to maximize their land use and reduce their environmental impact compared to traditional well designs.
Q: What is the nature of the agreement between RigUp and Shell?
A: RigUp will license Shell’s U-lateral drilling technology to energy companies across the US. This is an exclusive licensing agreement, with Shell providing the intellectual property behind the technology and RigUp managing program contracts and administration.
Q: How will RigUp integrate U-lateral drilling into existing workflows?
A: Operators can license U-lateral drilling from RigUp on a per-well basis, with seamless integration into their existing purchasing workflows. RigUp will handle all program contracts and administration, making it easy for energy companies to leverage this technology as part of their operational strategy.
Q: What other services does RigUp offer?
A: RigUp offers a range of services, including labor provision, vendor management, and bidding. The company is committed to helping energy companies work more efficiently in a challenging and fast-changing world.
Q: Where can I learn moreabout the RigUp and Shell partnership?
A: For information or to schedule a consultation with our technical team, contact your RigUp representative.
Our mission at RigUp has always been to make it easier, faster and safer to power our world. Today marks an exciting milestone in that journey. We are thrilled to announce that RigUp will exclusively license Shell’s U-lateral drilling technology to energy companies across the US.
Developed by Shell, U-lateral drilling offers significant benefits for an industry where efficiency is more important than ever before. By enabling rigs to drill more reservoir footage per month, reducing both the cost per foot of reservoir accessed and the cost per barrel of oil produced, the U-lateral technique allows operators to reduce drilling costs and save time while effectively increasing the production capacity of each surface rig by 50%. The technology also unlocks access to previously stranded acreage, allowing energy companies to maximize their land use and reduce their environmental impact compared to traditional well designs.
As the leading source-to-pay solution for the energy industry, RigUp is uniquely positioned to bring this innovative technology to market. Operators can now license U-lateral drilling from RigUp on a per-well basis, with seamless integration into their existing purchasing workflows. Our team will handle all program contracts and administration, making it easy for energy companies to leverage this technology as part of their operational strategy.
This exclusive licensing agreement is the latest addition in an exciting expansion of RigUp's offerings. From our roots in labor — we are still the country’s leading energy workforce provider — and our nationwide vendor network spanning hundreds of service categories, to the introduction of custom-built software and services that streamline essential processes like vendor management and bidding, we’ve been steadfastly committed to helping energy companies work more efficiently in a challenging and fast-changing world.
With the addition of cutting-edge technology licensing to our suite of services, we're taking that commitment to the next level.
We're proud to license Shell's U-lateral drilling technology to the energy companies we serve. Together, we're empowering the industry to increase production, reduce costs and operate more sustainably — all critically important priorities as global energy demand continues to rise.
FAQ
Q: What is U-lateral drilling technology?
A: U-lateral drilling technology, developed by Shell, enables rigs to drill more reservoir footage per month, reducing both the cost per foot of reservoir accessed and the cost per barrel of oil produced. This technique allows operators to reduce drilling costs and save time while effectively increasing the production capacity of each surface rig by 50%.
Q: How does U-lateral drilling benefit energy companies?
A: U-lateral drilling unlocks access to previously stranded acreage, allowing energy companies to maximize their land use and reduce their environmental impact compared to traditional well designs.
Q: What is the nature of the agreement between RigUp and Shell?
A: RigUp will license Shell’s U-lateral drilling technology to energy companies across the US. This is an exclusive licensing agreement, with Shell providing the intellectual property behind the technology and RigUp managing program contracts and administration.
Q: How will RigUp integrate U-lateral drilling into existing workflows?
A: Operators can license U-lateral drilling from RigUp on a per-well basis, with seamless integration into their existing purchasing workflows. RigUp will handle all program contracts and administration, making it easy for energy companies to leverage this technology as part of their operational strategy.
Q: What other services does RigUp offer?
A: RigUp offers a range of services, including labor provision, vendor management, and bidding. The company is committed to helping energy companies work more efficiently in a challenging and fast-changing world.
Q: Where can I learn moreabout the RigUp and Shell partnership?
A: For information or to schedule a consultation with our technical team, contact your RigUp representative.
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