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5 Benefits of Renting Oilfield Equipment

In any industry, when you have big projects to take care of, you need the right equipment for every aspect of your job. Oilfield Equipment Rentals can facilitate this in so many ways. Not only will you be able to get jobs done faster, but you will be able to do them more efficiently as well.

#1 No Maintenance Costs

Having well-serviced equipment is essential to performing jobs properly. Instead of purchasing equipment that you constantly need to repair and maintain, rentals take this out of the equation.
When you choose to rent the equipment you will benefit from the following:

  • Lack of need to purchase a workshop space to repair equipment
  • Buying tools to perform maintenance
  • Sourcing machine parts
  • Paying for technician labor costs
  • Funding emergency repairs
  • Managing equipment records
  • Preventive maintenance

#2 No Disposal Costs

When you own your equipment, you will eventually need to worry about disposal and resale costs. Owning equipment requires knowing when it is time to invest in new equipment or sell your existing equipment.
Renting equipment eliminates that responsibility. Instead of worrying about equipment resale, you can rent the items you need when you need them, and return them when you are done.

#3 Flexibility

No two jobs are the same, which means you will need different equipment for each project. Rather than attempt to make the same equipment work for different projects, you will have access to any piece of equipment you need. Flexibility allows you to be efficient, and do a better job, at a lower price.
When you have found the right supplier, you will be able to get top-of-the-line equipment as well. This means that you will be able to take on new projects even if you are not able to run out and buy the equipment. Rental equipment reduces delay overall.

#4 Reduce the Size of Your Equipment Fleet

The size of your business should evolve, as this is a sign of growth. Although you may only offer a few services now, having the ability to grow is essential. If you do not have access to new equipment, then you will not be able to expand your business. Renting equipment facilitates the ability to reduce the amount of equipment you need to own yourself, by being able to borrow whenever you need it. It also reduces your responsibilities and allows you to increase production when needed.

#5 Always Have the Right Equipment

Having the right equipment means that you will never need to turn down a project. It also means that you can expand and take on jobs that you otherwise would not be able to take on with your own fleet of equipment.
When your equipment is not large enough for a job, then you may strain your overall operating costs. This is because you may need to pay more people to work, meaning your load is doubled. By renting equipment you can ensure that your equipment is always perfect for whatever job you face.

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