Capital costs of an oil and gas drilling and exploration business will typically go to equipment. To save money, you need to consider drilling equipment rentals over purchasing, especially when you need them only for a short period of time. It will be more cost-effective in the long run, and you will not have to worry about depreciation. With today’s unpredictable market, buying new or used equipment could be costly and may take a toll on your resources, particularly when your business is new and thriving. This makes renting more practical and cheaper. Continue reading “Pros and Cons of Drilling Equipment Rentals”
A Buyer’s Guide to Hydraulic Catheads
A successful of oil and gas drilling and exploration process can depend on the type of equipment you use, as well as its quality. Hydraulic catheads are among the necessary things you will need to ensure accurate and smooth torque to break out and make up standard and premium drill collars and drill pipes. They are critical in the application of the right connection torque, as well as in reducing the chances of connection failure and minimizing wear on costly drill string components. Waters International carries a wide variety of hydraulic catheads that are ready to ship and use on your job site. Here is a guide to help you pick the right product: Continue reading “A Buyer’s Guide to Hydraulic Catheads”