Four Reasons Why You Should Consider Drill Pipe Rental Over A Drill Pipe Purchase

If you own a company that requires you to do drilling on a regular basis, it may seem like a good idea to invest in drill pipes rather than renting them, but that may not be a good idea. There are many factors that go into drill pipe ownership that you may not be considering. The following guide walks you through a few reasons why it may be better to rent a drill pipe when needed rather than investing in one.

Storage of the Drill Pipe

When you invest in a drill pipe, you need to have someone secure to store it when it is not in use. You will then need to provide your workers with access to the location on a regular basis so that they can gain access to the pipe when needed. If you do not need to store any other items in a shed or storage unit, this will serve as additional costs that you do not need to pay.

Maintenance of the Drill Pipe

The drill pipe will need to be properly maintained if it is going to work as well as it possibly can. You will need to have it inspected and repaired on a regular basis to ensure that it is can serve its purpose properly. The maintenance costs can be quite expensive if extensive work needs to be done.

Inspection of the Drill Pipe

Drill pipes need to be inspected to ensure that they are in proper working order. If a pipe has not been inspected and an accident occurs, your business will be held accountable for the damage that is done. A company that rents out the drill pipes will be responsible for the maintenance and inspection of the pipe so that you only have to worry about using it when you need it.

Replacement of the Drill Pipe

If the pipe is damaged beyond the point of repair, you will have to pay to replace the pipe if you purchase it outright. The pipes can be very expensive and having to invest in them over and over again can be quite costly. When you rent a pipe, you can simply pay for the optional insurance that is offered and get a replacement pipe right away if the pipe you rented becomes damaged or broken beyond the point of repair.

It is important to consider all of your options because purchasing any expensive equipment. You want to be sure that you only invest in items that you will need to use on a daily basis and that are not expensive to store and maintain. Contact a dealer, like Quail Tools, for more help.