Aresco

FEBRUARY 5, 2024

Drilling Rig: The equipment and machinery used to drill the well, including the rig itself, mud pumps, derricks, and other drilling apparatus. As tax laws can be complex and subject to changes, it’s advisable to consult with a tax professional or accountant who specializes in oil and gas tax matters for specific and up-to-date guidance.

Drilling rig 52

Drilling rig Exploration and Production Oil Drilling Mud 52

Drillers

MARCH 19, 2020

Several years of work as a roughneck are enough to pass to the next level, which is that of derrick hand, or derrickman. The Derrick hands are responsible for the drilling mud and the mud pumps. The best-paid position on an oil rig, however, is that of the offshore drilling consultant.

Offshore 52

Offshore Oil Roustabout Derrick Hand 52

Permian Basin Oil and Gas Magazine

MARCH 17, 2025

Derrick Black Recently I toured OSIs manufacturing facility in Odessa with Derrick Black, who oversees the firm’s Business Development department. As we weave between CNC machines, lathes, and racks of completed parts, Derrick assures me that things are only getting better, The future of OSI is the future of the Basin.

Basin 59

Basin Manufacturing Derrick Midstream 59