Fist(noun) the hand with the fingers doubled into the palm; the closed hand, especially as clinched tightly for the purpose of striking a blow. Fist(noun) the talons of a bird of prey. Fist(noun) the index mark [/], used to direct special attention to the passage which follows. Fist(verb) to strike with the fist.
A good used workover rig (single) including rig tank, rig pump, doghouse, and rig tongs can be had for around $1 Million. A good new work over rig (single) including all the aforementioned stuff is ~$3 Million. I don't know how much more a double or triple would be, but I'm guessing in that same ballpark. A new drilling rig is in the $10 Million range, although you can get used ones for far cheaper.
West Texas Intermediate prices in 2015 and 2016 are expected to average $7/bbl and $5/bbl, respectively, less than Brent. The Brent-WTI spread for 2015 is more than twice the projection in last month's STEO, reflecting continuing large builds in US crude oil inventories, including at the Cushing, Okla., storage hub.orth Sea Brent crude oil prices averaged $58/bbl in Februaryâup $10/bbl from the January averageârepresenting the first monthly average price increase since June 2014, according to the US Energy Information Administrationâs latest Short-Term Energy Outlook (STEO).