Strych i dont know about his market, but you would be surprised at what some of the smaller guys have a need for service wise...hell even some of the larger guys.
Me and a few coworkers talked about buying a few MWD kits and doing jobs for people that have a need...even if its just a test well. Throw in some servicing and repair work and it would probably sustain at a much higher compensation than we make now.
People dont want to hang onto a full time salary, so on demand is where its at.
EDIT: also you may want to change that land valuation to reflect 45/bbl, and with pad sites drilling like 10 wells from 1 pad, it may amortize that land over several wells. I havent seen the data to know if this was the case.
Me and a few coworkers talked about buying a few MWD kits and doing jobs for people that have a need...even if its just a test well. Throw in some servicing and repair work and it would probably sustain at a much higher compensation than we make now.
People dont want to hang onto a full time salary, so on demand is where its at.
EDIT: also you may want to change that land valuation to reflect 45/bbl, and with pad sites drilling like 10 wells from 1 pad, it may amortize that land over several wells. I havent seen the data to know if this was the case.
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