CES Energy Solutions Corp T.CEU

A question to the wsie: Am I right in my understanding that

[drunk@noon]

higher volumes are required for faster drilling times, i..e as the drills become moe productive, their is an increse per day required for the drilling fluid. Thus while drilling companies are hurt as thier more productive rigs leads to less of them being required, the added productivity of these rigs lead to increase demand for the drilling fluid. Or is this not the case. As in if they can drill a 2 mile lateral, does it required the same amount of drilling fluid if it is dilled in 15 vs 20 days. Or is the dilling fluid used up on a per hour operational basis?
Any knowlegable input appreciated

[JohnSP]

I was a Drilling Eng 25 years ago so things may have changed, but in general: 1) Faster drilling does not impact amount of fluid. 2) Longer wells does increase amount of fluid. 3) Invert fluids are generally rented and renturened and rejuvinated for next customer, vs non-invert muds which are dumped after each well. 4) Deeper wells mean bigger holes in vertical section require more mud. 5) More

[JohnSP]

Some more colour here on slide 6: https://www.cesenergysolutions.com/wp-content/uploads/2023/11/CES-Investor-Presentation-November-9-2023-vF.pdf