Product News: Mining, Oil Drilling & Refining

Oil Rig drills to 15,000 feet vertically.

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Press Release Summary:

October 28, 2008 - Designed for oil and gas industry, 1,100 hp SpeedStar SS-1100 features state-of-the-art controls, allowing drill to be monitored from remote location, and enabling service departments to diagnose and prevent maintenance issues before they happen. Due to its size, SS-1100 can be set up in mountainous areas, and once on site, rig can begin drilling within a few hours.

George E. Failing Co. (Gefco)

2215 S. Van Buren St., Enid, OK, 73703, USA

Original Press Release

GEFCO Announces Production of the SpeedStar SS-1100 Rig

Press release date: October 15, 2008

1100 Horsepower Top Drive Rig

ENID, Okla., Oct. 15 /- The George E. Failing Company (GEFCO) has announced the production of a new drilling rig, the SpeedStar SS-1100 (SS-1100). Designed for the oil and gas industry, the rig will drill to 15,000 feet vertically. The first rig is scheduled to be completed in late December.

"For 75 years, GEFCO has manufactured the most durable drilling rigs in the industry," said Aaron Harmon, vice president of GEFCO. "Our 185K rig has been very successful. Developing the SS-1100 rig was a natural step for us to take. We have responded to the needs and requests of our customers to manufacture a rig that would drill faster and deeper."

The depth will vary for horizontal drilling. Horizontal drilling is the latest drilling trend in the oil and gas industry. Horizontal drilling allows you to follow the formation, therefore getting more production out of the zone you are wanting to produce. The SS-1100 rig will exceed a drilling depth of 15,000 feet vertically.

The rig also features state-of-the-art controls, allowing the drill to be monitored from a remote location. This allows the service department to diagnosis and prevent maintenance issues before they happen, saving time. The controls also keep the drilling crew away from the actual drilling, making the drilling process safer.

"Besides being able to drill to deeper depths, our goal was to produce a high-tech rig that is user-friendly," states Tim Lewis, vice president of domestic sales at GEFCO. "There has been a void in the industry for a rig that will not only drill deeper, but set-up in a smaller footprint and set-up quicker. There is not another rig on the market that compares to this."

A major advantage to the SS-1100 rig is its ability to set-up in mountainous areas due to its smaller size. In some cases areas will have to be cleared to allow a rig to get to the drill site. The SS-1100 rig was designed to reach these areas. The SS-1100 rig will also cut set-up time in half. Once on a site, the SS-1100 rig can begin drilling within a few hours. This allows the job to be completed quicker.

GEFCO is a world leader in the design and manufacture of portable drilling rigs and related equipment for the water well, environmental, groundwater monitoring, construction, mining and shallow oil & gas exploration and production industries. Headquartered in Enid, Oklahoma, the facility includes a fully-integrated machine shop, fabrication and weld shop, assembly, painting and testing facility.

Established in 1931 by Mr. George E. Failing, the company manufactures Failing, SpeedStar and King Oil Tools equipment. Over the course of their long history, they have sold and delivered equipment in nearly 100 countries.

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