We love highlighting our fantastic team at Transpac Managers. Ray Phillips, one of our sales representatives, is celebrating five years with the company and has been a great asset working with our customers.

What’s the most interesting thing you’ve insured?
- A development program in Suriname, which consisted of five horizontal development wells being drilled with a vertical drilling rig, with depths ranging between 1,000 and 1,300 ft TVD.

What is your personal focus?
- Ensuring that my clients understand the benefits of having their BHAs insured against LIH events, and that they can be confident that Transpac, with Coverholder at Lloyd’s, has their back.

How many years have you been with the company?
- Six years in the general insurance industry, and five years covering downhole tools with Transpac.

What’s your educational background?
- I graduated from UWI-Roytec with an Associate of Science Degree in Management in 2016 and from The University of New Brunswick with a Bachelor’s in Business Administration, with a Finance concentration, in 2020.

What is your professional focus?
- Understanding my customers’ requirements, with the aim of aiding their confidence of having lower financial risk when they are seeking to achieve their appraisal and production goals.

What are you most proud of during your time with Transpac?
- I’ve been developing a new market and furthering relationships with my clients since 2017, along with having my first claim paid for lost tools valued for a sum insured of USD $610K.

Call 214-346-1512 for a free quote before you send your equipment downhole. We provide prompt and knowledgeable service and competitive pricing with the highest level of integrity.

Are you planning to send your tools downhole?

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Transpac Managers Offer An Operator Express Program

By Sarah Robles • July 27, 2024
If you are an operator with an active drilling program and want to ensure all your wells are covered from the costs and hassles of downhole tool losses, Transpac Managers is offering an express program for either 100% or 50% coverage. It's easy to apply and most wells are approved within 24 hours. A deposit is only required for the first well. first well No matter the application, make sure your tools are covered on your next operation. Call 214-346-1512 x10 or email cwebb@transpacmgrs.com for more information on our limits and for a free quote before you send your equipment downhole.

Don't Let a Lost-in-Hole Event Blow the Budget

July 14, 2024
Transpac Managers' Downhole Tool Insurance is available to help ensure a lost-in-hole event doesn't blow your entire budget. On average, a well costs between $6M and $9M to complete in the Permian Basin: - Drilling costs account for approx. 30% (between $1.8M to $3M) - One Downhole Tool loss of $1.5 million could use up almost your entire drilling budget No matter the application, make sure your tools are covered on your next operation. Call 214-346-1512 x10 or email cwebb@transpacmgrs.com for more information on our limits and for a free quote before you send your equipment downhole.

Four Reasons You Need Downhole Tool Insurance

June 28, 2024
The Transpac Managers team is consistently asked why companies need Downhole Tool Insurance. Check our four key reasons and let us know if you purchase insurance for different reasons. - Lost tools, due to sticking, are not insured under most Commercial Insurance Programs - LIH losses can have a more dramatic economic effect on smaller drilling programs - BHA replacement costs are rising and even if contractors reduce exposure by 50%, you still have significant LIH exposure - Your drilling, wireline, coiled tubing, and fishing tools can all be covered under one policy No matter the application, make sure your tools are covered on your next operation. Call 214-346-1512 x10 or email cwebb@transpacmgrs.com for more information on our limits and for a free quote before you send your equipment downhole.

Transpac Managers Offers Downhole Fishing Coverage

June 5, 2024
Did you know that you can secure downhole fishing coverage from Transpac Managers to further protect your assets and reduce risks? With this insurance, your incurred costs when retaining a third-party fishing company’s services to retrieve or free stuck downhole tools will be covered. This is only available for well sections where BHAs/equipment are being covered by Transpac. No matter the application, make sure your tools are covered on your next operation. Call 214-346-1512 x10 or email cwebb@transpacmgrs.com for more information on our limits and for a free quote before you send your equipment downhole.
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