Apr 21, 2026 · Operations
First well delivered — and it lost money
Rig 1 was released from a vertical Permian test in Glasscock County after twenty-six days. It came in over budget and taught us more than the next ten did.
The company's first well was a vertical test in Glasscock County, drilled by Rig 1 and released after twenty-six days against a twenty-day plan.
It lost money. The overrun was almost entirely rig-up and surface-handling time on a crew that had not worked together before, not downhole trouble.
The well is worth reporting because the fixes that came out of it — a written rig-up sequence and a rehearsed handover between tours — are the reason non-productive time across the fleet now sits at 1.9 per cent.