LEXCORE SERVICES INC. concluded the fabrication of its exciting new oil sands coring system with the drilling of a test hole at its Calgary facility on Dec. 28, 2006.
Designed in close consultation with industry leaders, Lexcore’s drilling/coring system is ideally suited to the exploration coring required for the massive amount of land poised for development in Alberta’s oil sands. Stretching over an area the size of the state of Florida, Alberta’s oil sands have yet to produce even 3% of their reserves and, even after the incredible scale of recent investment, only one quarter of its area is even under development.
Lexcore’s advanced drilling/coring system is both dramatically smaller and faster than conventional rigs, utilizing a true top-drive, offering twice the drilling RPM to dramatically increase the rate of penetration, at a fraction of the cost of conventional drilling rigs. Lexcore’s system can be manufactured in months, as opposed to the years it currently takes to build a traditional drilling rig in North America’s overheating oil industry.
Lexcore Services is a wholly owned subsidiary of Lexington Energy Services Inc., and its first two drilling/coring systems are currently under contract for 69 wells with LARICINA ENERGY in the Athabasca oil sands.
For further information contact Mark Procknow, corporate communications, Lexington Energy Services at (403) 279-4550.