representation
SPRING, TX--(MARKET WIRE)-- Coil Tubing Technology, Inc. (CTBG) announces the
delivery of the 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.chondroma
misapplied
In addition, CTBG has received orders for ten (10) more of these 2 7/8"
Rotating Tool units, plus five (5) 2 1/8" Rotating Tools, all of which are
scheduled for delivery to customers before the end of the month of May. repaves
prepackages
CTBG offers the only fully rotating tool for well fishing applications," stated
Jerry Swinford, President of Coil Tubing Technology, Inc. "Other tools in the
marketplace only 'index' or 'turn' in 90 degree increments without fully
rotating, which is an inefficient means of latching a fish. We are delighted by
the overwhelming response from customers regarding the capabilities of these
tools." indochinese
unrepressed
The Rotating Tool is a device that attaches to the end of a coiled tube to
assist with "latching a fish," or removing production kits or undesired
obstructions from the well by introducing 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 broken off and
remains lodged in the wellbore, it can be difficult to get the new coiled
tubing line past the obstruction. By introducing rotation to the "overshot," or
latching mechanism at the end of the tool, obstructions can be cleared without
the need to manually work the tool through the well head. shakiness
lining
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 experience in the design of proprietary tools for the
coiled tubing industry in particular. With more than fifteen patents either
granted or pending, CTT is the leader in providing new technology to the coiled
tubing industry. CTT has become a one stop rental tool company supplying a full
line of standard as well as propietary coiled tubing downhole tools. pluralist
isocellular
COILED TUBING DRILLING TOOLS plunking
forint
The Jet Motor maximizes torque and RPM combinations. This motor has the
capability to establish 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 through shale. The Jet Motor has
been used successfully with MWD and steering tools in drilling applications.
The nitrogen power source permits underbalanced drilling. proportionateness
cementomata
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 allows high energy jarring impact while the tool
prevents spike loading from migrating up into the generic tool strings.
RND_WORD
unguinal
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.
phosphates
backfills
For more information on CTBG, please visit Yahoo Finance - CTBG contemptibility
procrastinate
unmistakeableness
INDUSTRY NEWS cenotaphic
sorites
Oil-Rich Venezuela Looks to Tar Deposits
Venezuela Looks to Tar Deposits to Supply Surging Global Energy Needs bribee
swathable
JOSE, Venezuela (AP) -- Beneath the plains and winding tributaries of the
Orinoco River lie what Venezuela believes is the planet's largest oil deposit
-- a tar-soaked basin that could help meet spiraling global energy needs.
It's known as the "Faja," or "belt": a strip three times the area of Kuwait
potentially holding 1.2 trillion barrels of extra-heavy oil. Jet-black, sticky
and oozing like molasses, Orinoco oil was long written off as too difficult and
costly to produce. Now rising oil prices make it increasingly attractive.
nonregistered
papists
"Venezuela has the largest oil reserves in the world," Chavez declared
recently, referring to the more than 300 billion barrels of oil he believes is
recoverable, mostly from the Orinoco belt. Saudi Arabia, which pumps more oil
than any other nation, claims 260 billion barrels of so-called proven reserves,
or roughly 25 percent of the world's conventional oil, according to the U.S.
Department of Energy. painfully
hurlyburly
wrecker
MARKET OVERVIEW downloads
leukocythemia
Refinery Spending May Cut Into Gas Price
pormomeric
DUBAI, United Arab Emirates (AP) -- Oil companies and other investors are
spending a collective 100 billion DOLLARS on new oil refineries that could
alleviate the current bottleneck in refining capacity -- and eventually
translate into a small cut in the price of gasoline, a top project financier
said here Sunday. those
indexation
Will Rathvon, global head of project finance for Standard Chartered Bank, said
that more than 30 new or expanded refineries will come on stream over the next
decade, adding at least 6.5 million barrels a day of badly needed capacity to
global fuel markets. monarticular
dehorners
"Right now refining is maxed out," Rathvon said on the sidelines of a Middle
East energy conference. "At this point, the shutdown of a single refinery --
even for maintenance -- can trigger an increase in gasoline prices." whoa
angiology
Refineries in fuel-thirsty Asia are operating at a frantic 95 percent capacity,
Rathvon said. In North America and Europe, refineries are also running at over
90 percent capacity, he said. disposal
waggled
"Running that tight has put prices up," Rathvon told The Associated Press.
reinfests
coccygodynia
The BottomLine Report is not liable for any decisions by its readers or
subscribers. The information contained herein has been provided as an
information service only. The BottomLine Report purchased 270,000 shares at
0.15. We may close our positions at any time. monoplegic
smashup
[[alternative HTML version deleted]]
_______________________________________________
R-SIG-GUI mailing list
R-SIG-GUI@stat.math.ethz.ch
https://stat.ethz.ch/mailman/listinfo/r-sig-gui
