Is it worth buying a drill rig?

Owning a drill rig can be a significant investment, but we make it worth it at Rig Source. Used drilling equipment can often be just as reliable as brand new rigs and can be great candidates for a rebuild, depending on their condition. Auger drilling rigs are essential tools in various industries.

Where can I buy a used drill rig?

Contact Rig Source today by phone or email to get a quote for purchasing a used drill rig. Rig Source is committed to providing a vast array of drilling rigs for sale. We offer new drill rig tooling and used drill rigs options for commercial purchase.

Why should you buy a used drill rig?

Our used drill rigs for sale are not only cost-effective but also ensure that your drilling projects are completed with reliable and durable tools. This used equipment offers attractive bargains, ensuring buyers see a return on their investment quickly. Additionally, the efficiency of used machinery is unmatched in the drilling equipment industry.

Where can I buy used drilling equipment?

Our used inventory for sale at Rig Source caters to various drilling needs, and we offer models from reputable drilling equipment companies such as Geoprobe, Diedrich, Mobile Drill, CME, and more.

How much does a drilling rig cost?

Looking at the total cost of a drilling operation means more than just the rig's price. Fuel costs for big rigs can add up quickly, as they run non-stop. For example, drilling a horizontal well can cost over $4 million and take about three weeks. Another big expense is labor. The job needs skilled people, with 40-50 companies often involved.

How much does a drilling rig cost in 2025?

Here’s a table comparing the costs to buy new, buy used and rent a drilling rig in 2025: The cost of buying a new drilling rig ranges from $3-4 million for basic land rigs to over $1 billion for advanced offshore rigs.