Buying used equipment is common practice for oilfield companies, especially those wishing to cut capital costs and make the most out of their operational budget. Just the same, used equipment have their downside, the most significant of which is wear and tear from their previous working environment. This is why it is important to thoroughly check the equipment’s service history when procuring used machinery as assets for your own business. Here are important considerations you should make when buying oilfield equipment, particularly used units for your operations: Continue reading “5 Considerations Before Buying Oilfield Equipment in Houston”
3 Ways to Buy Used Oilfield Equipment in Good Condition
Heavy machinery used in oilfield explorations are huge investments. Whether you are new to the industry or would like to expand your venture, acquiring equipment is something that you should spend time planning for, especially with the kind of capital that it requires to purchase machinery. There are several ways that you can secure oilfield equipment for most any kind of application your operation requires or calls for, including buying brand new, procuring used or reconditioned equipment, and renting machinery, all of which have their own pros and cons, which you should consider, based on your current and future needs. Continue reading “3 Ways to Buy Used Oilfield Equipment in Good Condition”