Independence Contract Drilling's Rig 211 drills for GeoSouthern Energy in the Austin Chalk, near Schulenberg, Texas. It is a 1,500-hp pad-optimal rig with a multidirectional walking system and bi-fuel engines. Independence's fleet of high-spec rigs is at 100% utilization. More pad-optimal rigs will be needed as operators increasingly pursue pad-dominated development plans. The industry will likely see pad-optimal newbuilds ordered in 2018, Mr Dunn said.
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