Shopping for a Workover Drilling Rig for Sale

If you're looking for a workover drilling rig for sale, you're probably trying to balance cost, capability, and reliability. A workover drilling rig is a big investment — a new one can cost $500,000 to $2 million or more — so you want to make sure you're getting the right machine for your needs. Here's a practical buying guide to help you through the process.

New vs. Used: The Big Question

Buy New If: You're starting a new operation, you don't have a mechanic on staff, you need a warranty, or you want the latest technology. New rigs come with factory support, and you know exactly what you're getting. But they're expensive, and you lose 20-30% the second you take delivery.

Buy Used If: You have experience with drilling rigs, you have a good mechanic, you're on a tight budget, or you just need a rig that works. Used rigs can be 40-60% cheaper than new. But you have to do your homework. Bring an experienced driller or a consultant with you to inspect any used rig before you buy.

What to Check on a Used Rig

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

- Engine hours: How many hours on the main engines? 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?
- Rotary head or top drive: Does it work properly? Any leaks?
- Mud pump: Does it pump properly? Any leaks?
- Hydraulic system: Any leaks? Do all the functions work?
- 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 drilling rig?
A: A 5-10 year-old workover drilling rig in good condition typically sells for $200,000 to $800,000. It depends on the size, the brand, the hours, and the condition. It's about 40-50% of the price of a new one.