Workover Drilling Rig Prices: What to Expect
If you're shopping for a workover drilling rig, one of the first questions you have is: how much does it cost? The answer depends on a lot of factors — size, depth rating, features, new vs. used, and more. But there are some general price ranges you can expect. Here's a breakdown of workover drilling rig prices, so you can budget accordingly.
New Workover Drilling Rig Prices
Small Rigs (500-1,000m depth): These are the smallest workover drilling rigs. They start around $300,000 to $600,000. They're perfect for small operations, shallow wells, and workover service companies that focus on shallow wells.
Medium Rigs (1,000-2,000m depth): These are the workhorses of the industry. They cost $600,000 to $1.2 million. They can handle most onshore development wells and workover jobs. If you're a medium-sized drilling contractor, this is the size you want.
Large Rigs (2,000-3,000m depth): These are the big boys. They cost $1.2 million to $2.5 million or more. They're for deep wells, big projects, and major drilling contractors.
These prices are for the basic rig on a truck chassis. If you want extra features — a top drive instead of a rotary table, a bigger mud pump, a computerized control system, a crew cabin — you'll pay more.
Used Workover Drilling Rig Prices
Used rigs are much cheaper. As a rough guide:
- A 5-year-old rig in good condition costs about 60-70% of the new price.
- A 10-year-old rig costs about 40-50% of the new price.
- A 15+ year-old rig costs about 20-30% of the new price, if it's been well maintained.
But used rigs vary a lot. The price depends on the condition, the hours, the brand, and the features. It's not like buying a car — every rig is different.
FAQ
Q: What's the cheapest way to get a workover drilling rig?
A: Buy used. But you have to know what you're looking at. Bring a good mechanic or an experienced driller with you to inspect the rig. A cheap rig that breaks down all the time is more expensive than a more expensive rig that runs reliably.