Cable Shark: The First Slip and Cut Innovation in Over 100 Years

Cable Shark, developed by Absolute Oilfield, LLC, transforms the cumbersome and dangerous slip and cut process into an efficient, safe, and modern operation.

Efficient, Time-Saving, and Safe: Reduces the slip and cut process to 45 minutes or less.
Enhanced Safety: Remote-controlled operation ensures rig personnel stay clear of the cutting area.
Precision Cutting: Patented mechanism delivers clean cuts every time.
Easy Integration: Compact design easily mounts to existing rigs.
Reliable and Cost-Effective: Streamlines operations while protecting rig hands from hazards.

67%

Faster

$148/hr

Savings

$593,337

Benefit

$1.2M

Safer

The average time to complete a slip and cut operation on a drilling rig is 2.25 hours.

Cable Shark reduces operational time down to 45 minutes or less.

Average Slip and Cut Time: 2.25 hours (135 minutes)
Cable Shark Slip and Cut Time: 45 minutes
90 minutes Faster: 2.25 hours (135 minutes) – 45 minutes = 90 minutes
67% Faster: 90 minutes (Cable Shark) / 135 minutes (average time) = 67%

Cable Shark reduces slip-and-cut operation time from the industry average of 2.25 hours (135 minutes) to just 45 minutes, saving 90 minutes per operation.

This translates to a process that is 67% faster, maximizing efficiency and reducing downtime significantly.

Cable Shark: Faster. Safer. Cost-Effective.

Slip-and-Cut Roles:

Driller: Supervises the operation.
Assistant Driller: Supports the driller.
Derrickhand: Maintains drilling lines.

Salaries (Indeed, Salary.com):

Driller: $71K/year ($35.32/hr)
Asst. Driller: $53K/year ($26.24/hr)
Derrickhand: $74K/year ($36.78/hr)

Hourly Cost Savings with Cable Shark:

Manual Cost/Job:
$221.27 (2.25 hrs)
Cable Shark Hourly Savings:
$148/cut (67% faster)
Annual Overhead Savings:
$5,337 (36 cuts)
25-Year Savings:
$133,425

This highlights Cable Shark’s impact on operational efficiency and its ability to enhance a rig’s profitability over time.

Cable Shark: Faster. Safer. Cost-Effective.

Financial benefit summary:

Time Savings: Each slip-and-cut saves 90 minutes using Cable Shark, directly increasing rig uptime (typical 2.25 hours (135 minutes) – 45 minutes total with Cable Shark).
Uptime Slip and Cut Impact: 90 minutes of additional uptime at $1,000/hour equals $1,500 per operation (1.5 hours*$1,000).
Annual Revenue Impact: An average-sized rig performs on average 36 slip-and-cuts/year, equaling $54,000 in added annual revenue (36*$1,500).
Total Annual Revenue Impact: Add $5,337 in man-hour savings equals $59,337 total annual savings and revenue gain ($54,000 + $5,337).
Ten-Year Financial Benefit: Over 10 years, an average-sized rig gains $593,337 in financial benefit with Cable Shark ($59,337*10).

Cable Shark: Faster. Safer. Cost-Effective.

Disabling Loss Time Incident (LTI) or Lost Workday Case (LWC):

Total Cost: $1.2 million per incident (includes $200,000 in direct costs + $1 million in indirect costs).

OSHA Recordable Medical Treatment (RMT) or Restricted Workday Case (RWC):

Total Cost: $75,000 per incident (includes $12,500 in direct costs + $62,500 in indirect costs).

See here for supporting data.

Cost Breakdown:

Direct Costs: Lost wages, medical care, surgery, hospital stays, physical therapy, and medications.
Indirect Costs: Investigations, downtime, damage control, reputation impact, and training replacement workers.

Investing in safety solutions like Cable Shark minimizes these risks, protecting your workforce and bottom line.

Cable Shark: Faster. Safer. Cost-Effective.

Cable Shark: The Cutting-Edge Solution for Slip and Cut Operations

For the first time in over a century, Cable Shark brings groundbreaking innovation to the slip and cut process, a historically cumbersome and hazardous task on drilling rigs. Designed to address longstanding safety and efficiency challenges, Cable Shark reduces the process time to 45 minutes or less while keeping rig personnel out of harm’s way. The remote-controlled, patented cutting mechanism ensures clean and precise cuts, all performed inside a fully enclosed unit. This innovative design eliminates the need for rig hands to be near the cutting area, dramatically lowering the risk of injuries.

Safety is at the core of Cable Shark’s design. Unlike traditional methods that expose rig hands to potential injuries, Cable Shark’s remote operation keeps personnel at least 15 feet away from the cutting process. By containing the cable within the unit during the cut, Cable Shark prevents dangerous mishaps, protecting workers from finger, hand, arm, and body injuries. The rig-powered, compact design easily integrates with existing rig setups, ensuring a smooth transition to safer operations without requiring major modifications.

Efficiency is another defining feature of Cable Shark. The traditional slip and cut process can take between 2 to 2.5 hours and often leads to costly downtime. With Cable Shark, this operation is streamlined to under 45 minutes, allowing rigs to return to productive tasks faster. The unit’s design ensures that each step of the process is optimized, assigning specific tasks to rig hands and maintaining precise control over the drilling line. This time-saving approach not only boosts productivity but also reduces operational costs, making it a cost-effective solution for modern rigs.

Developed by Absolute Oilfield, LLC, Cable Shark represents a commitment to revolutionizing safety and efficiency in oilfield operations. Since its founding in 2015, Absolute Oilfield has focused on creating safer, more efficient processes for the slip and cut operation. By addressing the dangers and inefficiencies that have plagued this task for decades, Cable Shark sets a new industry standard. For rig operators seeking a safer, faster, and more reliable way to manage drilling line, Cable Shark is the future of slip and cut operations.