unremoved
Coiled tubing units are so compact and have such great potential, the Mars Drilling Project 
is evaluating a coiled tubing unit to drill for water on Mars. ragbag
kat
SPRING, TX--(MARKET WIRE)-- Coil Tubing Technology, Inc. (CTBG) announces the delivery of th
e first group of 8 Rotating Tools to oil and gas well service companies operating in Mexico 
and Oklahoma. Designed for use in "fishing" applications utilizing 2" coiled tubing strings,
 these tools were delivered and "in the field" the week of May 1, 2006 grousers
slype
In addition, CTBG has received orders for ten more of these 2 7/8" Rotating Tool units, plus
 five 2 1/8" Rotating Tools, all of which are scheduled for delivery to customers before the
 end of the month of May. hypotonias
CTBG offers the only fully rotating tool for well fishing applications," stated Jerry Swinfo
rd, President of Coil Tubing Technology, Inc. "Other tools in the marketplace only 'index' o
r 'turn' in 90 degree increments without fully rotating, which is an inefficient means of la
tching a fish. We are delighted by the overwhelming response from customers regarding the ca
pabilities of these tools."  eulogy
The Rotating Tool is a device that attaches to the end of a coiled tube to assist with "latc
hing a fish," or removing production kits or undesired obstructions from the well by introdu
cing rotation under mechanical pressure. The design and action of the tool is similar to a "
Yankee screwdriver." If, for example, during normal operations, a piece of coiled tube is br
oken off and remains lodged in the wellbore, it can be difficult to get the new coiled tubin
g line past the obstruction. By introducing rotation to the "overshot," or latching mechanis
m at the end of the tool, obstructions can be cleared without the need to manually work the 
tool through the well head. engulf
Coil Tubing Technology was established in 1998 by an innovative founder that has over thirty
 years experience in the design of oil-field tools in general and fifteen years of experienc
e in the design of proprietary tools for the coiled tubing industry in particular. With more
 than fifteen patents either granted or pending, CTBG is the leader in providing new technol
ogy to the coiled tubing industry. CTBG has become a one stop rental tool company supplying 
a full line of standard as well as propietary coiled tubing downhole tools. hydrotherapic
mediaes
COILED TUBING DRILLING TOOLS
The Jet Motor maximizes torque and RPM combinations. This motor has the capability to establ
ish bit hydraulics. The long life bearing package allows the tool to stay in the hole longer
 than average. It can be jarred without damaging the tool which is ideal for drilling throug
h shale. The Jet Motor has been used successfully with MWD and steering tools in drilling ap
plications. The nitrogen power source permits underbalanced drilling. wended
The Pulsator allows the weight on the bit to be maximized without stalling the motor as the 
torsional and axial torque are retained within the tool. The maximum tensible strength allow
s high energy jarring impact while the tool prevents spike loading from migrating up into th
e generic tool strings. doxology
The HeavyHitter, when used on the upstroke only, provides variable tensible overpull due to 
its hydraulic metered detent system. The minimum axial drag at detent release provides high 
velocity of the hammer mass to the anvil. airframe
tuwhittuwhoo
THE COIL TUBING BUSINESS
The coiled tubing industry continues to be one of the fastest growing segments of the oilfie
ld services sector, and for good reason. CT growth has been driven by attractive economics, 
continual advances in technology, and utilization of CT to perform an ever-growing list of f
ield operations. Coiled tubing today is a global, multi billion dollar industry in the mains
tream of energy extraction technology. monumentally
supercalender
FUTURE TRENDS IN COIL TUBING SERVICES
According to Andy Rike, President of Technicoil USA Corp., a CT service company with operati
ons in Canada and the US, "We see market growth for coiled tubing services to independent pr
oducers in three areas: fracturing, particularly multiple interval completions; re-entry dri
lling of horizontal laterals or vertical extensions in older wells; and "grassroots" drillin
g of shallower wells, including many coalbed methane wells." dermatohistology
Rike adds that one of the most important reasons for growth of coiled tubing drilling servic
es has been the development of more integrated units. "In past years, coiled tubing units we
re not able to provide the sort of integrated set of equipment capabilities needed for drill
ing and completion operations. This led to an amalgamation of service company systems cobble
d together on site and a situation where the safety, speed and size advantages of CT were be
ing lost." Now, Technicoil as well as a few other companies have designed and built integrat
ed CT units that incorporate everything needed to drill a well into four trailer loads. When
 rigged up these units fill a 20,000 sq ft footprint, less than 1/3 the size of a convention
al rig. These newer units can also drill with conventional pipe, so they can drill a surface
 hole and set surface pipe with conventional equipment and then drill with coiled tubing. ex
plorations
In addition to the small footprint, the primary drivers for wider use of these units are ver
y tight control of well discharges and speed. "We've drilled 400 feet per hour in some situa
tions," says Rike. The combination of a smaller hole, lack of connections, faster trip time,
 and the higher drilling rates inherent to downhole motors leads to very rapid drilling rate
s. Last year, in the San Juan Basin of New Mexico, Technicoil drilled 26 wells to around 300
0 feet for Burlington Resources over a four month period with one standard CT system (Figure
 1). thieveries
Another area of growth is in fracturing, particularly multiple interval fracturing.  One rec
ent example is a five well project in Virginia's Buchanan County where as many as nineteen i
ntervals were fractured using coiled tubing and a bottom-hole packer assembly (Rodvelt, 2001
). These wells, part of a CONSOL Energy Inc. coalbed methane project, were part of a pilot t
o determine if individually fracturing each of the zones would result in better recovery. Pr
ior efforts had evolved from single-stage, limited entry treatments to multiple-stage treatm
ents with composite frac plugs and frac baffles. hinging
Core tests on offset acreage had revealed that 3 of 10 coal seams had not been stimulated by
 these treatments and, on average, ten feet of coal was not being effectively stimulated. If
 the CT fracturing approach is successful in improving this situation, CONSOL calculated tha
t an additional net present value of 1 million could be added per 160-acre lease, based on a
 gas price of 2.50. The CT fracturing procedure was a technical success, and hopefully, when
 the wells are dewatered and fully evaluated, it will be shown to be an economic success as 
well. Other CBM areas have seen similar success. For example, Barrett Resources experienced 
a 1.5 fold increase in gas production from 14 CBM wells in the Raton Basin following stimula
tion with coiled tubing versus conventional treatments. "Fracturing is probably the area wit
h the greatest growth potential," says Rike, "and coalbed methane is about a third of that m
arket." oleo
pyramidotomies
NEW COIL TUBING MARKETS / FIELD APPLICATIONS
CT first established it's niche in the marketplace as a cost-effective well cleanout tool. I
n recent years, these conventional wellbore cleanouts and acid stimulation jobs accounted fo
r more than three quarters of total CT revenue. However, CT use has continued to expand as i
t is adopted for use in additional field operations. Most recently, CT fracturing and drilli
ng applications have emerged as two of the fastest growth areas. Revenue from these two CT a
pplications has grown from almost zero 10 years ago, to approximately 15 percent in more rec
ent times. edifying
darksome
GROWTH OF THE SEVICE FLEET
In January 2004, slightly more than 1,050 CT units were estimated to be available on a world
wide basis. The total number of working CT units is up sharply from the roughly 850 units re
ported in February 2001. At present, the International market accounts for the bulk of the c
urrently available CT fleet with more than 425 units. Canada and the U.S. are estimated to c
ontribute an additional 239 and 253 units, respectively.
deficiency
THE ENVIRONMENTAL AND SAFETY BENEFITS OF USING COILED TUBING UNITS FOR DRILLING INCLUDE:
The units require about half the space that a conventional drilling rig requires. The units 
require less power so there is less fuel consumption and emissions during drilling. Noise le
vels are 18 percent lower than with conventional rigs. buildings
There is less visual impact as the units are small with no large derrick tower. overfills
lyrate
All of this means that coiled tubing units are more cost effective, energy efficient, have a
 much smaller environmental footprint, and create less waste. In certain drilling operations
, coiled tubing units cost approximately half of what a conventional drill rig would cost. d
emister
vicarial
In fact, coiled tubing units are so compact and have such great potential, the Mars Drilling
 Project is evaluating modifying, miniaturizing and fully automating a coiled tubing unit to
 drill for water on Mars. Realistically, it will be years before the unit is developed and s
ent to by rocket to Mars, but it would be an important first step before Mars could be colon
ized. And coiled tubing technology will be be greatly improved by the research. grapy
hatchlings
For more information on CTBG, please visit Yahoo Finance - CTBG  uzbek
href="http://finance.yahoo.com/q?s=CTBG.PK
ibogaine
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danes