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What are Tangible Drilling Costs?

Aresco

Tangible Drilling Costs (TDC) are expenses associated with the physical aspects of drilling for oil and natural gas. These costs are directly related to the actual drilling operations and typically represent a significant portion of the overall expenses in oil and gas exploration and production.

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Made In The Permian Basin

Permian Basin Oil and Gas Magazine

By contrast, OSIs centralized operations allow for shorter feedback loops, faster product improvements, and closer collaboration between engineers, chemists, and machinists. Derrick Black Recently I toured OSIs manufacturing facility in Odessa with Derrick Black, who oversees the firm’s Business Development department.