undersetting 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.bondstones ruinously 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. untowardness nuncupate 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." sibilation dreamboats 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. colicinogeny roble 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, CTBG is the leader in providing new technology to
the coiled tubing industry. CTBG has become a one stop rental tool
company supplying a full line of standard as well as propietary coiled
tubing downhole tools. mesomeric coach COILED TUBING DRILLING
TOOLS preinsula nosy 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. clocklike bloodsuckers 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. capsules umbles 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. screwworm
elbowroom For more information on
CTBG, please
visit Yahoo Finance - CTBGmicrodontism squaw INDUSTRY NEWS cacodemonomania diffs Oil-Rich Venezuela Looks to Tar
Deposits
Venezuela Looks to Tar Deposits to Supply Surging Global Energy
Needs scholastically boodie 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. commodatary strops "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. flavedo leasehold finalistic MARKET OVERVIEW dissuasive fructus Refinery Spending May Cut Into Gas
Price disingenuousness 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. hereditists overeducates 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. cacogeneses curvature "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." outbluffs ravenousness 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. osmic tyramine "Running that tight has put prices
up," Rathvon told The Associated Press. boatyards hexametral
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