In the 1920's, the need for a rig to work with pressures at surface drove the invention of the snubbing unit. The first snubbing unit was primarily designed to work in well control situations to ...

Unlike a factory-new build, which could take months to deliver, this rig is turnkey and ready to hit the road less traveled today. The asking price for this unit is $425,000, plus applicable taxes.

The US drilling rig count dropped 1 unit to reach 592 rigs working for the week, according to Baker Hughes data.

Oklahoma and Utah each gained a single rig to end the week with respective counts of 44 and 13. North Dakota and Louisiana each dropped a single unit to reach respective counts of 32 and 30 rigs ...