Night of the Walking Oil Rig

It’s a beautiful thing when technology meets the oil industry. Because this translates into higher efficiency and, ultimately, more profit. Pennsylvania-based, drilling equipment manufacturer, Schramm Inc., cracked the code by giving its oil rigs a new pair of legs, setting it miles ahead of the competition. So let’s take a look at how this new savvy upgrade gives oil drilling an entirely new meaning.

It all began in the Schramm headquarters located in West Chester, Pennsylvania. You see, a typical rig requires onboard manpower. But not this one…

Schramm’s T500XD rig is operated through remote control, and it loads pipes automatically, too. As one could image, this upgrade changes the game for the workers, as well.

And the control room is comparable to a videogame – trading in valves and dials for joy sticks. (Something to which the younger generation can certainly relate.)

So not only is the 500,000-pound rig more cost efficient, it also makes for a safer environment. Schramm’s CEO, Ed Bryner, readily admits its undeniable perks:

“As opposed to some of the conventional rigs that still operate today with Derrickman 70 feet in the air, this machine has nobody 70 feet in the air. In fact, the pipe handling is done from inside the cabin.”

T500XD does it all: assembles itself, walks to and from wells, as well as ships in half the amount of loads of a standard rig. Talk about a time saver…

Now we know it can walk the walk, but when problems arise, it also talks the talk. Whenever there’s a glitch, T500XD sends data back to the headquarters using its more than 200 sensors. From there, errors can be diagnosed and fixed. Easy peasy.

Australia couldn’t wait to get its hands on Pennsylvania’s masterpiece – one is already sold and headed for the land down under. Allen Pais, a manager at Energy Drilling Australia, explains the financial benefits of the TX500XD ships:

“We spend around a million dollars a rig move, so if you move a rig 6 times year, it’s $6 million. But for a T500XD, I think, we will be spending less than a half a million dollars. So, that’s where we go. We save. We cut the costs by half.”

Prior to T500XD, Schramm’s “bread and butter” was its drilling rig nicknamed The Miracle – after it reached 33 Chilean copper miners who were trapped underground for more than two months.

But with its new baby in the market, the company is hoping to make T500XD a headliner, too. And bring a facelift to the drilling industry, as a whole.

You May Also Be Interested In:

A Locust-Inspired Robot That Could Save Lives

It’s a beautiful thing when technology meets the oil industry. Because this translates into higher efficiency and, ultimately, more profit. Pennsylvania-based, drilling equipment manufacturer, Schramm Inc., cracked the code by giving its oil rigs a new pair of legs, setting it miles ahead of the competition. So let’s take a look at how this new...

Commodities Research Team