Snubbing Stocks List
Related Industries: Oil & Gas Drilling Oil & Gas Equipment & Services
Symbol | Grade | Name | Weight | |
---|---|---|---|---|
PXJ | C | PowerShares Dynamic Oil Services | 2.63 | |
XES | C | SPDR S&P Oil & Gas Equipment & Services ETF | 1.29 | |
GRPZ | B | Invesco Exchange-Traded Fund Trust II Invesco S&P SmallCap 600 GARP ETF | 1.28 | |
SIXS | A | 6 Meridian Small Cap Equity ETF | 1.07 | |
GAST | A | Gabelli Asset ETF | 1.07 |
Compare ETFs
Date | Stock | Title |
---|---|---|
Nov 18 | PDS | Precision Drilling: Capitalizing On Strong Activity In Canada |
- Snubbing
See snubber for a device used to suppress ("snub") voltage transients in electrical systems
Snubbing is a type of heavy well intervention performed on oil and gas wells. It involves running the BHA on a pipe string using a hydraulic workover rig. Unlike wireline or coiled tubing, the pipe is not spooled off a drum but made up and broken up while running in and pulling out, much like conventional drill pipe. Due to the large rigup, it is only used for the most demanding of operations when lighter intervention techniques do not offer the strength and durability. The first snubbing unit was primarily designed to work in well control situations to "snub" drill pipe and or casing into, or out of, a well bore when conventional well killing methods could not be used. Unlike conventional drilling and completions operations, snubbing can be performed with the well still under pressure (not killed). When done so, it is called hydraulic workover. It can also be performed without having to remove the Christmas tree from the wellhead.
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