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.

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.

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.

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 Kruse drill rig cost?

Asking Price $1,950,000 Each. HIGHLY MOTIVATED SELLERS! VERY GOOD CONDITION, FIELD-READY! Call to Inspect and Buy Today!!! Kruse offers services in the sale and brokerage of drill rigs, coil tubing, frac and oilfield related equipment.

What is a drill rig?

In the simplest terms, a drill rig, also called a “drilling rig” or just “rig,” is a machine or equipment that’s used to create holes, or “wellbores,” in the earth’s surface in order to drill for oil, natural gas, water, or other resources.