Smith International, Inc. AnnouncesResults of Drilling Optimization Programfor Comstock Resources in Haynesville Shale Gas Play
May 05 2009 - 5:39PM
Business Wire
Smith International, Inc. (NYSE: SII)�announces drilling
optimization solutions�for Comstock Resources�(NYSE: CRK)�result in
their first�well with less than 30 day drilling time in the
Haynesville shale gas play. Comstock Resources also realized a
total drilling time reduction of more than 20%�over a three well
drilling program.
The integration of Smith value added services, including
i-DRILL, Smith's advanced drilling simulation technology, and
PathFinder's drilling optimization team, resulted in innovative
drilling solution recommendations in coordination�with the
expertise of the Comstock Resources�Drilling Team. PathFinder is
Smith�s directional drilling and formation evaluation services
company, acquired last year as part of the W-H Energy Services
merger.
The continued efficiency gains from this potent combination of
talent and technology is reducing the cost associated with
hydrocarbon extraction in the major�Haynesville shale gas field,
encouraging drilling activity. This�capability to partner with
leading oil producers to reduce extraction costs promises
to�consistently place Smith International and Comstock Resources�at
the forefront of drilling activity in this and other emerging
markets.
Smith International, Inc. is a leading global provider of
products and services used by operators during the drilling,
completion and production phases of oil and natural gas development
activities. The Company operates in over 80 countries around the
world.
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