Taking a leap and setting off to go mine for oil in an oil field can be a very lucrative play. There is a lot to be gained by unearthing this precious resource because so much of the world's power grid is kept alive due to the oil that powers it. If you've decided to press your own luck and head out to work in an oil field you're going to need equipment. It takes quality equipment to really have the force to break through hardened layers of the earth's crust as you search for the riches beneath it. Instead of buying your oilfield equipment, here are some of the reasons why renting the pieces might be more profitable:
No Need To Worry About Storage When You Rent Oilfield Equipment
Ownership comes with the kind of responsibilities that you might not want to worry about. It's great to have access to equipment when the season is right and the oil is flowing like water; however, the oil industry typically experiences many of the same ebbs and flows that plague the world of construction. It's unlikely that you're going to be working straight through the entire year, and even if you do find consistent work it will probably entail moving to a different location to set up shop there. Do you have the transit tools necessary to move colossal pieces of equipment from one location to another? Are you prepared to store heavy equipment until you need it again?
If the answer to these questions is no, you might want to give some serious consideration to oilfield equipment rental services. The equipment can be transported by the rental company, and when you are taking a seasonal break from work all you'll need to do is return the items to the leasing agency.
Stay Current With Equipment Rental
Older oilfield equipment often doesn't have the same capacity and production power as pieces that are fresh out of the manufacturing room. Rather than risk wasting your profits by trying to stay current with your inventory, you can trade out pieces that have become weathered for a newer version from the rental company at your leisure.
Renting oilfield equipment is essentially your way of "trying before buying". Test out different brands and models so that once you've reached the point where you are ready to take on your own equipment you'll know just which pieces to purchase.