Proven to perform on multi-well pads and drill extended reach wells, Veristic's Rocket Rig is an oil field tough drilling rig. The video highlights this land rig's design features - simplicity, speed, and safety. Move Rocket Rig in as few as 12 truck loads. Top drive can travel inside the mast during transport. Assemble Rocket RIg at ground level.
Oil companies are actually producing less oil because prices are down. Prices drop when demand goes down or supply goes up. In this case, demand has fallen way off because of fear of an economic recession. Oil companies are trying to increase the demand by decreasing supply so they can keep their record profits.
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