A friend called the other night to catch up and chew the fat about things in general. I asked him if he was busy, etc., and he told me that he had lost a well that day.
During my years manufacturing and selling drill rods, I have had customers experience problems. Although these are not common, they are always of concern.
When deciding whether to add rigs and other large equipment to a fleet, contractors need to consider how much they can afford to pay, how to best structure the terms to leave some cash flow intact, whether to lease or buy, and a host of other questions.
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