Operations

Contract Drilling

Illuminated drilling rig operating at night

Overview

Developmental and Exploratory Drilling, Managed by the Operator

Developmental and exploration contract drilling is where opportunity becomes field work. It requires practical planning, a clear drilling objective, qualified contractors, realistic cost expectations, and direct communication with the parties involved.

VP Operating approaches drilling from an owner-operator perspective. The goal is to keep planning, field coordination, documentation, and stakeholder communication connected instead of separating them into disconnected layers.

No operator can remove the risks of drilling. What an experienced operator can do is define the work clearly, coordinate the right contractors, track costs carefully, and communicate what is happening as the project moves from planning into execution.

Pumpjack, wellhead, and lease equipment on a prepared gravel site
Pumpjack and production equipment on a wooded lease location

Scope

What Contract Drilling Coordination Includes

01

Developmental Drilling Coordination

Coordinating drilling activity for projects with offset production, known field context, or existing development plans.

02

Exploratory Drilling Coordination

Supporting exploratory drilling activity where the opportunity requires additional geological, operational, and cost review before execution.

03

Contractor & Vendor Communication

Coordinating with drilling contractors, service companies, equipment providers, and field personnel so responsibilities and timing are clear.

04

AFE & Cost Awareness

Maintaining awareness of estimated drilling and completion costs, field changes, and the practical cost drivers that can affect a project.

05

Field Scheduling & Logistics

Supporting the timing, access, equipment, and field coordination required to move from planning into drilling operations.

06

Documentation & Reporting

Keeping drilling activity documented so qualified parties can understand what was planned, what occurred, and what decisions may follow.

Why It Matters

The Work Has to Hold Together in the Field

Drilling is not just a technical event. It is a coordination problem, a cost-control problem, a communication problem, and a field execution problem all at once.

VP Operating's owner-operator approach is built around keeping those pieces connected. Participants deal with one operating company from the project conversation through drilling, production operations, and maintenance.

Important: Developmental and exploratory drilling involves significant geological, operational, mechanical, commodity price, regulatory, and financial risks. Nothing on this website constitutes an offer to sell securities or a solicitation of an offer to buy securities.

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