Press Release / For Immediate Dissemination

USPTO Issue: 

US Patent No. 7,104,316

US Patent No. 7,559,360

US Patent No. 7,690,281

Attorney: Lance A. Foster

Firm: Jones, Walker, Waechter, Poitevent, Carrere & Denegre, L. L. P.

New Technology for the Oil and Gas Industry

Record Performance: 232 Days !!! 

            Houma, LA USA – January 18, 2011 - DO you need to run and trip heavy weight drill pipe? Then you need to inquire at Hobco, Inc.about the MANTIS System; the  “Iron Tool Pusher” designed to position Clincher DPT's and put into motion by the staff at HOBCO, Inc. Whether drilling a new hole, working over or decommissioning a well, the patented “Iron Tool Pusher” will save significant rig time, reduce crew fatigue and prevent injuries. Further, the Mantis System handles and positions most cable suspended Mud Buckets and other tools on the Rig Floor.

            No newcomer to the Oil and Gas industry, HOBCO sports nearly thirty years of successful know-how with High Torque Power Tongs: Clincher 5.5" UHT through Clincher 9 5/8" DPT / XHT. Further to previous patents, the USPTO recently issued, as part of the MANTIS System,  Patent 7,690,281 April 6, 2010; The addition of the  Mantis Crossbow to the MANTIS System further sets out the safest, most efficient and user friendly Tong Positioning System available to the oil and gas industry. According to those who have used the MANTIS System, the Iron Tool Pusher offers the safest and most efficient method of handling cable suspended Drill Pipe Tongs, Casing Tongs and Mud Buckets.

            As reported by Paul Hobgood, President and CEO of Hobco, Inc. and Managing Director of The ORCA Group, LLC, the most frequent query concerning the MANTIS relate to the following:

                        1. ‘Floor space required?’ The MANTIS has only a twenty-five inch footprint. This clearly sets the parameters while positioning Power Tongs and Mud Savers. Land Location: Clearly the MANTIS System is safe and efficient; the MANTIS may be run from trailer, flat bed truck, rig floor cantilevered beam adapter or other configuration as set out by the drilling team  and further determined by rig type, rig size and location.

                            2. RECORD RUN:  *Since 2005 the longest continuous - running job: 232 days - no lost time, no injuries, no reportable incidence while tripping six and eight inch heavy weight drill pipe using Clincher DPT's  to a TD of 19,146 feet. Rig: Todco 64; Location: Gibson, Terrebonne Parish, LA, United States of America.

                            3. ‘Daily costs of the MANTIS’? The cumulative savings is significant: Limits crew fatigue; reduces injuries; improves rig efficiency. Please inquire: 1.985.879.4466 or sales@hobco-orca.com .

                            4. Conclusion: The MANTIS Positioner, with proven history, saves rig time and reduces fatigue of floor personnel while virtually eliminating injuries associated with Hydraulic Power Tongs and Pneumatic Mud Buckets.

For information: http://www.hobco.com; Contact: Sales@hobco-orca.com