Finding the Right Oil Well Workover Rig for Sale

If you're shopping for oil well workover rigs for sale, you're probably comparing prices and trying to figure out what's a good deal. Workover rigs are expensive — a new medium rig can cost $500,000 to $1 million or more — so it's worth taking the time to shop around and make sure you're getting the right machine. Here's a practical guide to help you through the buying process.

Where to Find Workover Rigs for Sale

Manufacturers and Dealers. The most obvious place. You get a warranty, service support, and you know exactly what you're getting. But it's also the most expensive option. If you're buying new, this is usually the way to go, especially if you're new to the industry and need support.

Online Marketplaces. Sites like Oilfield Trash, Machinery Trader, and Oil and Gas Job Search have tons of used rigs for sale. You can find great deals here, but you have to be careful — it's buyer beware. Always inspect the rig in person, or hire someone to do it for you.

Auctions. Oilfield equipment auctions, bankruptcy auctions, and government auctions can be a great place to find cheap rigs. But again, you have to know what you're looking at. Most auction rigs are sold as-is, where-is, with no warranty.

What to Check on a Used Rig

When you're looking at a used workover rig, check these things:

- Engine hours: How many hours on the main engine? Engines are expensive to overhaul.
- Drawworks condition: Is it worn? Are the brakes in good shape?
- Mast condition: Are there cracks, especially at the welds?
- Hydraulic system: Any leaks? Do all the functions work properly?
- Truck chassis: How many miles? Is it rusty? Does it start easily?

FAQ

Q: How much should I expect to pay for a used workover rig?
A: A 5-10 year-old medium workover rig in good condition typically sells for $200,000 to $500,000. It depends on the brand, the hours, and the condition. It's about 40-50% of the price of a new one.