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Here’s a table comparing the costs to buy new, buy used and rent a drilling rig in 2025: The cost of buying a new drilling rig ranges from $3-4 million for basic land rigs to over $1 billion for advanced offshore rigs.
Here’s a table comparing the costs to buy new, buy used and rent a drilling rig in 2025: The cost of buying a new drilling rig ranges from $3-4 million for basic land rigs to over $1 billion for advanced offshore rigs.
Explore cost-effective way of getting the best drilling equipment without the high costs of purchasing. Rig Source's financing options for drill rig purchases, offering competitive rates and flexible solutions.
If you decide to seek financing for the acquisition of a drill rig, be ready to submit financials from the last two years (tax returns, balance sheets, P&Ls) and be prepared to explain how acquiring the drill rig will help increase revenue.
Crest Capital offers new and used drilling rig financing. Excellent rates, easy online application, and fast approvals for all types of drill rigs.
First Capital Business Finance is proud to offer drill rig financing that fits your needs. Read on to learn how to get drill rig financing through First Capital Business Finance.
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