Oil Gas Drilling Companies

In a down economy such as the one we are now facing, businesses of all shapes and sizes are cutting costs any way they can. The Oil & Gas industry is no different. Drilling companies are looking for ways to stretch their dollar because of the rising cost of operations and supply companies are also looking for ways to cut costs while increasing profits.

One of the best ways for each of these business types to save money is through the use of re-manufactured equipment. There are a lot of different types of machines and other related equipment that are used in the drilling process, many of which can be purchased used or re-manufactured.

The difference in price between new & used drilling equipment can often be several thousand dollars depending on the nature of the equipment as well as the condition of the used or re-manufactured equipment. For instance new drill collars might sell for around $7500 dollars per joint, while used drill collars could easily sell for $4500 per joint. Consider the savings associated with purchasing predominantly used or re-manufactured drill string components and you can see how easily you can quickly save an extraordinary amount of money.

Many people might be wary of buying used equipment for drilling applications, due to the safety or break down issues often associated with the purchase of pre-owned and operated equipment. However, with the majority of the components used in a drill string this logic simply does not apply. Used drill pipe, drill collars, casing, bit subs and many other facets of the drill string can perform equally as well as their newer counterparts.

Re-manufactured components like drill pipe also go through many processes that ensure a safe and quality product. Old drill pipe joints are first inspected to determine their structural integrity and are graded by class. The highest class graded used drill pipe is suitable for any application, while the lower class grades are suitable for less demanding applications.

Once the used drill pipe has been inspected, some supply companies will rattle clean the inner diameter to clear the interior of the pipe of debris. The outer diameter is usually also cleaned though a process called brush rolling. The threaded portion of the pipe is also cleaned thoroughly and/or repaired and covered with a thread protector.

While many oil & gas drilling companies may not necessarily need to save money on used and re-manufactured drill pipe, it would still benefit the industry by recycling old equipment that is still quite functional and in the long run help to reduce overall waste produced.