Lease for borehole drilling rig

Should you buy or lease a used drill rig?

Used for mining, exploration, water wells, and more, drill rigs are essential. They are also expensive, making a strong market for pre-owned drill rigs. Financing and leasing used drill rigs thus becomes a must for most companies, as even used pieces can be a significant part of a yearly budget.

Can a specialty drill rig Drill a hole?

But this type of specialty drill rig can also drill a hole in the budget, making down the hole drill rig financing important. When a skyscraper, oil platform, or other large engineering project is built, knowing the makeup of the earth underneath goes a long way in making sure the structure above is on solid ground.

Does drill Financing Group Finance directional drills and rigs?

Often, equipment like drills and drill rigs falls outside of the bank credit window. Unlike banks, we have no age or collateral restrictions. We specialize in heavy machinery and finance lots of directional drills and drill rigs. Drill Financing Group is proud to offer leases and loans with more term options and greater flexibility.

How many feet per day can a drill rig Drill?

It is capable of drilling over 1,000 feet per day through use of a rotary bit driven by huge engines. Fluid or air if forced under pressure down the center of the drill stem to clean out the hole continuously during drilling. The drilling operation is a very complicated one requiring enormous amounts of planning and teamwork.

Does drill financing group offer leases & loans?

Drill Financing Group is proud to offer leases and loans with more term options and greater flexibility. Ready to get started? Click Get terms now.

Should you buy or lease a rig?

Buying a rig means a big upfront cost but saves money in the long run for frequent use. It lets you customize the equipment and avoids rental fees. Leasing often includes maintenance and repairs, which can save on unexpected costs. Think about how long you'll need the rig, how often, and your budget.