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.
The EIA (U.S. Energy Information Administration) released its monthly STEO (Short-Term Energy Outlook) report on June 9, 2015. The report highlighted that Brent crude oil prices could average around $61 per barrel in 2015 and $67 per barrel in 2016.Brentâs 2016 estimates are $3 per barrel lower than the EIAâs previous estimates.PEC produced 31.2 MMbpd of crude oil in May 2015. The estimates of rising production will continue to put pressure on crude oil prices. Higher crude oil prices benefit some of the US shale oil and gas companies like Whiting Petroleum (WLL), Continental Resources (CLR), and Marathon Oil (MRO).