Buying a Fast Moving Land Rig: What to Know

If you're in the market for a fast moving land rig, you're making a big investment — a new land drilling rig can cost $15-50 million, and the operating costs are millions a year. But if you choose the right rig, it will pay for itself many times over through faster rig moves and lower operating costs. Here's what you need to know to choose the right fast moving land rig for your operation.

What to Look For

Walking System Capacity. The walking system is the heart of a fast moving rig. Make sure it's built for the size of your rig, and that it can handle the terrain you work on. If you work in hilly terrain, make sure the walking system can handle slopes. If you work in soft soil, make sure the feet are big enough to spread the load.

Rig Up Time. How long does it take to rig up and rig down? A fast moving rig should be able to move and be ready to drill in hours, not days. Ask the manufacturer what the average rig move time is, and talk to other operators who have the same rig.

Power and Efficiency. Drilling rigs use a lot of fuel. Modern rigs have diesel-electric power systems that are more fuel-efficient. That's a big deal — fuel costs are one of the biggest operating expenses. A rig that uses 20% less fuel will save you millions of dollars over its lifetime.

Crew Comfort and Safety. Modern rigs have air-conditioned cabins, comfortable seats, and good visibility. That helps keep your crew alert and safe. And safety features like automatic shutoff, emergency stops, and warning systems are essential.

New vs. Used

Buy New If: You're a major drilling contractor, you need the latest technology, you have the budget, and you want a warranty and factory support. New fast moving rigs come with all the latest features, and they'll be the most efficient.

Buy Used If: You're a smaller operator, you're on a tight budget, or you just need a rig that works. Used fast moving rigs are much cheaper — 40-60% less than new. But you have to do your homework. Bring a drilling consultant with you to inspect any used rig before you buy.

FAQ

Q: How much does a fast moving land rig cost?
A: A new fast moving land rig with a walking system costs $20-50 million, depending on the size and features. A used one costs $10-25 million. It's a big investment, but it usually pays for itself in 3-5 years through faster rig moves and lower operating costs.