Increased drilling activity in the United States has increased the demand for reliable and affordable equipment. One of the most important decisions companies must make is how best to meet equipment needs. Identifying the most cost-effective approach is essential for most businesses. Transporting the equipment, long term maintenance requirements, and depreciation are factors to be considered in the decision making process.
Making drilling equipment affordable and accessible
One approach to making equipment more affordable is to pursue financing. Financing may be available for up to 100 percent for qualifying applicants. This is a particularly attractive option in that it frees up much-needed cash flow that could be leveraged for other company needs. Reliable vendors offering quality, used equipment can meet an array of drilling needs. Auctions can make top manufacturers of drilling equipment much more affordable for companies. Used drill pipe equipment is a popular option for those looking to contain costs. Careful research can mitigate risks that come with investing in new equipment. A careful, deliberate approach enables the decision maker to choose the appropriate equipment with the desired production capacity and performance capabilities.
What are the advantages of purchasing used drill pipe equipment?
Companies often gravitate toward purchasing used drilling equipment. Tremendous savings in multiple areas can be achieved in choosing used drilling equipment. Depreciation is one of the biggest ways for a company to realize savings in acquiring equipment. Buying used equipment decreases costs associated with acquiring equipment. New equipment decreases at a quicker rate than previously used equipment. Ongoing maintenance and reconditioning support improves the overall user experience. The ability to expand capabilities to quickly adapt to changing business needs increases opportunities available.
In the ability to quickly gain access to new equipment, companies immediately seize opportunities available to them. Used equipment also minimizes risks. Companies can acquire drilling equipment and test it out and do so at a fraction of a cost. In this scenario, the performance of the equipment can be evaluated before investing in multiple pieces that could cost substantially more if newer. Used equipment can be leveraged as backup resource to supplement the production efforts if primary equipment fails or if a temporary need for increased production emerges.
Used equipment is very accessible to companies in need of affordable drilling equipment. Great equipment to fill a range of needs available from leading manufacturers increases opportunities for companies. Used, top-of-the-line equipment gives companies access to the capabilities they need to maintain a competitive advantage while keeping costs low.