Friday, April 12, 2013

PA Company's Monster $7.6 Million Drilling Rig Will See First Action in Ohio

Schramm Inc., the West Chester drill rig manufacturer that had a moment of fame in 2010 when its drills rescued 33 trapped miners in Chile, is about to enter the big leagues of oil and gas exploration. 
The company, which has been making truck-mounted drill rigs for more than 50 years, is launching its biggest drill rig ever - a 102-foot-tall walking, talking monster designed to bore the deep horizontal wells that have turned Pennsylvania's Marcellus Shale into a fossil-fuel bonanza. 
Schramm employees on Thursday put the finishing touches on the first T500XD Telemast drill rig at the company's 27-acre factory in West Chester. Next week, the $7.6 million rig will make its way on eight tractor-trailers to Ohio, where its new owner, Alpha Hunter L.L.C., plans to use it to tap into the Marcellus Shale and the deeper Utica Shale formation. 
Schramm added 50 employees in the last year, mostly engineers, to design the new rig and hopes to make up to 10 of the machines a year. It now employs 235 people.
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