1. Schramm Inspection & Repair

    May 31, 2018 by Savannah Adkins

    As an industry leader in drill rig repair and refurbishment, Rig Source was excited to work alongside Schramm last week as they performed a complete inspection of a used Schramm T450WS rig. Committed to customer satisfaction, Rig Source facilitated the partnership with Schramm to give this Schramm a thorough once over for OEM certification while also using it as an opportunity to augment our team’s knowledge of Schramm rigs for future projects. 

    All new Schramm rigs receive a manufacturer’s certification prior to leaving Schramm’s facility to ensure products comply with industry regulations and are safe to operate. Once a unit is sold, it is then up to the owner to care for and protect the drill rig from receiving modifications in the field. Units can be safely repaired while maintaining structural integrity, but the original structure should never be modified.

    Eric Mosley, Director of Aftermarket at Schramm states, “When a rig is sold through a third party, there is always a possibility the original build had been altered during use so it’s imperative the rig be reassessed. Many jobsites require the inspection as a safety precaution prior to operation in the field.”

    Being that Rig Source is a third party drill rig provider, we are grateful to work with this manufacturer as safety is always a priority when repairing and refurbishing our used rigs. Schramm’s OEM certification of its T450WS consisted of a complete examination of each rig segment, an engineering review and fluid testing. Upon completion, Schramm personnel performed a test hole as well as other functions to substantiate the rigs functionality. The ability to work directly with Schramm on the inspection process safeguards that both the rig and our work are completed to OEM standards.

    For more information on Schramm inspections or to schedule an appointment for rig maintenance please give Rig Source a call at 630.365.1649.



  2. Rig Source Expands Drill Rig Offerings

    April 9, 2018 by Savannah Adkins

    Rig Source is excited to announce the addition of Geoprobe sonic rigs to our sales offerings. Rotary sonic drills are ideal for geotechnical, environmental, geothermal and exploration projects, and deliver faster production rates, reduce waste, increase reliability and provide superior sample quality over conventional drilling methods. The first sonic rig available at Rig Source is a used Geoprobe 8140LC.

    “We see the market moving towards sonic rigs and we’re excited to add the used Geoprobe 8140LC so we can continue providing customers cutting-edge drills at affordable prices,” states Matt Slater, Director of Sales at Rig Source.

    Sonic drilling is a modernized advanced soil penetration technique that uses vibrations to reduce friction on the drill string. Vibrations both loosen surrounding soils and give sonic rigs the ability to cut through dense layers of rock.

    Geoprobe 8140LC Sonic Rig

    Rig Source Sells Geoprobe 8140LC

    The used Geoprobe 8140LC for sale through Rig Source is a mid-sized sonic rig delivering full rotary capabilities and is equipped with an exclusive Geoprobe sonic head and 5 ft. stroke for low clearance access. The sonic head on the 8140LC model provides full rotation with an oscillator frequency of 0-130 Hz for enhanced drilling efficiency.  The swing arm control panel delivers variable speed controls affording operators the ability to adjust vibrations based on the ground conditions they’re working in.

    “You don’t need to operate at full speed all the time. Once you find the sweet spot, the Geoprobe 8140LC cuts just like butter,” confirms Chris West, Mechanic at Rig Source.

    Featuring an Integrated Systems Display, the 8140LC delivers real-time system analysis and an assortment of diagnostic tools. “The computer diagnostics are incredible and simplify maintenance. Everything is right there on the screen and allows segmentation of hours on the head verses hours on the overall machine,” adds West.

    Service & Support

    West is just one of Rig Source’s mechanics that visited Geoprobe’s headquarters last month to receive technical training on the 8140LC sonic rig.

    “Training our mechanics on the technical aspects of sonic rigs was of utmost importance to us before extending sales to customers. Our service and support extends past equipment sales so training was imperative to confirm we could continue to provide that same level of service on sonic drills,” states Slater.

    Whether you’re just starting to look into sonic rigs or already familiar them, Rig Source is excited to support your needs. For more information on Rig Source’s Geoprobe 8140LC sonic rig, please contact a member of our sales team today at 630.365.1649.



  3. 2018 Diedrich Inventory

    January 22, 2018 by Savannah Adkins

    Rig Source is pleased to announce we have a steady lineup of Diedrich drills for both sale and rental distribution in 2018. We’ve pre-ordered several new Diedrich drills to ensure they’re readily available for purchase when you are, and our shop is consistently refurbishing used Diedrich models for resale. Diedrich drill rental options are also available for customers looking to fulfill short term needs or those seeking track mounted drill options for increased jobsite access. No matter your price point or need, Rig Source is prepared to help you succeed by supplying the Diedrich drills you’ll need this year. 

    NEW Diedrich Drills for 2018

    Ordering new Geotechnical and Environmental drill rigs direct from manufacturers can be a slow process as you wait on production times. With Rig Source, we take the wait away by pre-ordering new rigs that arrive at our facility every few months. All pre-ordered Diedrich drills are available for sale on a first come first serve basis and can be held with a deposit. Once a deposit is made, paint color and drill options such as truck or track mounts can be customized with adequate notice. Below is an up to date list of new Diedrich drills already scheduled to arrive this year.

    • Diedrich D-50 – June 2018
    • Diedrich D-50 – July 2018
    • Diedrich D-50 – September 2018
    • Diedrich D-50 – December 2018 
    Diedrich Rentals

    Our rental fleet is filled with well-maintained Diedrich models in a variety of sizes which are ready for immediate operation. Rentals make a great solution for customers seeking short term commitments, reduced overhead, lower maintenance or track mounts. Customers can utilize Rig Source rentals while their existing rigs are receiving routine service or maintenance, and rental purchase options are also available for customers looking to try before they buy.

    Used Diedrich Drills

    When buying new isn’t possible and rentals won’t suffice, you can always rely on Rig Source’s used Diedrich drill inventory. Our full service shop works on dozens of Diedrich drills annually providing all necessary service, maintenance and complete refurbishments to ensure units are fully operational. Our used drill inventory provides customers reliable drills with varying features for more affordable price points.

    Drill Support

    Rig Source’s founders started their own careers in the drilling industry as drillers themselves and value the importance of support. It is because of this, Rig Source offers drill rig service and support which extends past the completion of a sale and length of rental. Should you have questions pertaining to your Diedrich rigs or their operation, our team is on hand to assist. Furthermore, Rig Source offers Diedrich parts and tooling making us the one stop shop for your drill rigs this year.

    For more information on our Diedrich inventory, rental opportunities or support, please contact a member of our team at 630.365.1649.



  4. Drill Rig Financing Options

    March 10, 2017 by Savannah Adkins

    There are plenty of ways to go about financing your drill rigs, but which option is going to help you best achieve your overall business goals? To answer this question, it is pertinent that you first understand the ins and outs of the various financing options offered from lenders. From there, you will be able to make an educated decision that not only fits your budget but aligns with your company’s strategic plan.

    Jake Rockafellow, Rig Source’s Controller outlines below two of the most common finance options typically offered for drill rig purchases. Take a minute to review each lease option for a better understanding of the terms, pro’s and con’s.

    Option 1: Full Payout Leases (Capital Lease)

    This lease allows buyers to finance 100% of the drill rig purchase price including freight, taxes and extended warranties. The buyer owns the drill rig at the conclusion the lease.

    • Pro’s:
      • Buyer has full ownership of the drill rig upon maturity of the lease
      • Tax advantages:
        • Monthly interest payments are tax deductible
        • Depreciation expense is tax deductible
    • Con’s:
      • Higher monthly payments compared to a fair market value lease (outlined below)
    Option 2: Fair Market Value Lease (Operating Lease)

    This lease allows the end user to finance less than 100% of the total purchase price including freight, taxes and extended warranties. The end user DOES NOT own the drill rig at the conclusion of the lease.

    • Pro’s:
      • Lower monthly payments compared to full payout leases
      • Payments are “moldable” to meet the end user needs
      • Improved profitability and cashflow
      • Monthly payment is tax deductible
    • Con’s:
      • Early termination fees could apply if the lease is terminated prior to its original maturity
      • Additional costs could apply upon return of the drill rig to the leasing company if more than normal wear and tear is present

    Still not sure which route to take? Try looking at the sample drill rig purchases to see a side by side comparison.

    Rig Source Finance Infographic

    As a final note, “keep in mind that drilling is a fairly niche industry, and not all finance companies are familiar with drill rig sales. Be sure to take your time, search and even ask your drill rig supplier for finance recommendations,” states Rockafellow. Reputable drill rig suppliers typically have excellent partnerships with lenders, who are educated in drilling equipment, and are more likely to extend a financing offer to your company. For more drill rig financing information, please give Rig Source a call at 630.365.1649. We have over a decade of experience getting new and returning customers alike into the drill rigs of their dreams.



  5. AEMA Annual Meeting & Exposition – Booth #334

    November 21, 2016 by Savannah Adkins
    AEMA Logo
    Rig Source is proud to be exhibiting at the American Exploration & Mining Association’s Annual Exposition going on December 7-9, 2016 at the Nugget Casino Resort in Sparks, Nevada.

    Just two short months after exhibiting at the world’s largest mining show- MINExpo 2016, we are back in the presence of the mining industry to continue educating members on the benefits and uses of crawler carriers. We’ve chosen to return to the AEMA exhibition because it has a history for attracting thousands of attendees from all over the world dedicated to mining technologies and developments. Rig Source has a long standing reputation for providing exploration drillers top notch drilling equipment, including track mounted drills, and we firmly believe the industry will benefit from further use of tracked vehicles. As a dealer for Terramac crawler carriers we offer exploration drillers the equipment necessary to reach remote site locations and explore problematic terrain. More recently, the rubber tracked technology of Terramac carriers has been used for dust suppression, tailings pond management, dam and dyke repair and general right of way construction projects.

    To learn more about the benefits and uses of crawler carriers, or to discuss other exploration drills and equipment available through Rig Source, please give us a call at 630.365.1649.



  6. End of Year Savings

    November 15, 2016 by Savannah Adkins
    Section 179 and Bonus Depreciation Available for 2016 Purchases

    Do not let the year slip by without taking advantage of special tax benefits on new and used equipment purchases. Both Section 179 and Bonus Depreciation have been approved for a limited time through December 31, 2016. In order to qualify for these tax breaks, you must purchase or finance your equipment by December 31, 2016.

    Rig Source has a complete inventory of drill rigs and crawler carriers ready to start working on your next jobsite project. We offer sales on both new and used equipment in order to meet the needs and budget of every customer. Within our own shop, we specialize in servicing the industry leading, brand name equipment you’ve come to rely on, and even work direct with manufactures on customizations. Our dedicated sales team is knowledgeable in every type of drilling and can work with you to build a rig to suit.

    Understanding The Benefits

    2016 Deduction Limit = $500,000

    • This deduction is good on new and used drill rigs or crawler carriers, parts and other business assets.


    2016 Spending Cap on Equipment Purchases = $2,000,000

    • This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar for dollar basis.

    2016 Bonus Depreciation = 50%

    • Bonus Depreciation is only available on new equipment, and is generally taken after the Section 179 Spending Cap is reached.

    Section 179 and Bonus Depreciation Chart

    At a 35% tax rate, tax savings would be $206,500.00 ($590,000 x 35% tax rate)

    For more information on equipment eligible for Section 179 or Bonus Depreciation tax credits, give Rig Source a call at 630.365.1649.

    *For more information regarding the details of Section 179 and Bonus Depreciation, please contact your local government agency and tax advisers.



  7. MINExpo 2016

    September 15, 2016 by Savannah Adkins
    Minexpo LogoUncover Rubber Tracked Mining Applications

    Rig Source is scheduled to accompany crawler carrier manufacturer, Terramac, LLC to the International MINExpo tradeshow. The show takes place on September 26-28 in Las Vegas, Nevada. You will find us in the Central Hall – Booth #4639, we can easily be spotted by Terramac’s unique 360° rotating crawler carrier on display. MINExpo is considered to be the largest mining equipment and service exhibition in the world and draws in thousands of exhibitors and attendees from within the industry.

    For over a decade Rig Source has been actively serving the mining industry by providing new and used mineral exploration drill rigs as well as service and support. We pride ourselves on the ability to customize drills to meet customer needs. Track mounted mining equipment reduces the ground pressure exerted and allows equipment to access confined jobsites or problematic terrain with ease and without damaging sensitive ground. Rig Source began utilizing Terramac crawler carriers for track mounting drills due to the unique chassis design, simplistic approach to customizations and outstanding service, support and parts availability. Since, we’ve been able to expand our services to the mining industry by offering additional track mounted mining support equipment for mineral exploration, dam and levee work, settling pond construction, site maintenance, water-way and land restoration, tailings pond management and dust control.

     

    MINExpo only comes around once every four years so you won’t want to miss this opportunity! For more information on how to find us at MINExpo, give Rig Source a call at 630.365.1649 or add Booth #4639 to your exhibitor list using MINExpo’s Online Show Directory.



  8. 2016 NDA Convention

    September 8, 2016 by Savannah Adkins

    Come network with Rig Source at the National Drilling Association’s annual convention being held in Pittsburgh, Pennsylvania on September 15-16, 2016.

    Rig-Source-NDA-Convention-Reminder

    The National Drilling Association is a non-profit trade association dedicated to the geotechnical, environmental and mineral exploration drilling industries. Each year the NDA hosts their annual convention which brings contractors, manufacturers and affiliated members of the drilling industry together to network, educate and promote the use of professional drilling contractors and their methods. As a long time member and dedicated supplier of geotechnical and environmental drill rigs, we are excited to extend an invitation to this annual convention to you.  Attending doesn’t require membership so whether you are already familiar or new to the drilling industry, you’re sure to benefit.

    This year’s agenda offers a full list of influential speakers from a variety of drilling backgrounds. Topics include everything from drilling safety and best practices to educational seminars on how to drill with various tooling and equipment. Depending on the state in which you work, the NDA Convention also qualifies for Continuing Education Credits. Adding to the excitement, the NDA has announced they’ll be unveiling their new association logo during Thursday night awards presentation. Rig Source will also be available throughout the convention to discuss your drilling equipment needs. We offer a diverse selection of drill rigs for sale and rent and go above and beyond to provide drillers exceptional service and support.

    For more information on Rig Source’s drilling equipment and services, give us a call at 630.365.1649 or get registered for the 2016 NDA Convention and stop by our booth to discuss.



  9. Drill Rig Trade-In’s

    August 24, 2016 by Savannah Adkins

    Drill Rig Trade InDid you know Rig Source offers trade-in options for most used geotechnical and environmental drilling rigs?

    Here at Rig Source we understand that drilling equipment needs change over time which is why we offer flexible options and equipment solutions for every unique situation. Whether your rig quit running, you simply want an upgrade or jobsite challenges require the use of a different rig; we make getting into a new drill rig easier than ever with trade-in options.

    How It Works

    Rig Source accepts trade-in’s on drill rigs in a variety of brands such as CME, Diedrich, Geoprobe and Mobile. All rig conditions will be considered, and units can be skid, truck or track mounted. To begin, our team will thoroughly discuss your equipment goals with you, review and analyze your existing rig, and work to find a new or new-to-you drill rig that best suits your needs. We offer competitive pricing on all geotechnical and environmental drill rigs and provide fair market value for all incoming equipment. While we cannot guarantee acceptance of every drill rig for trade, we will do our very best to accommodate your needs in order to reach your specified equipment goals.

    Benefits of Trade-In’s

    Choosing to trade-in your drill rig when purchasing a new rig has a number of advantages. Trading in equipment is the ultimate hassle free way to unload your used drill because it eliminates having to hunt for a buyer and reduces the amount of time and money spent getting your older unit to a sellable condition. Similarly, trade-in equipment can be a great way to lower the cost of a new drill purchase by reducing the amount you need to finance. Many of our customers also take advantage of additional tax benefits available for trade-in equipment purchases. For specific trade-in tax benefits and laws, please consult with your tax advisor.

    Learn the value of your rig and take advantage of our trade-in options today by calling Rig Source at 630.365.1649.



  10. Protecting Our Ground Water

    March 11, 2016 by Savannah Adkins

    NGWA Ground Water Awareness

    Rig Source is a proud supporter of National Ground Water Awareness Week and is sponsored by the National Ground Water Association (NGWA). As a longtime member of the NGWA, Rig Source plays an active role in protecting the Earth’s ground water by providing superior drill rig sales, rentals, service and support to geotechnical and environmental drilling contractors responsible for installing monitoring wells and product recovery wells. Water is one of the world’s most precious resources so it is imperative we have the proper tools and resources to monitor our ground water supply, prevent contamination and clean up potential hazards.

    Monitoring Well Drill Rigs

    Rig Source provides a great selection of drill rigs used for monitoring well work which includes brands such as Diedrich and Geoprobe. Diedrich drills are full size rigs which accommodate larger drilling diameters and deeper depths, and are available in four sizes – D25, D50, D90 and D120. The full size Diedrich rigs can be truck or track mounted to reach just about any jobsite regardless of the terrain. The use of Geoprobe drills is another option for monitoring wells or product recovery wells due to their ability to fit into limited access areas with ease. The most popular models for this type of work are the 7822DT’s and 6620DT’s.

    Drilling Support

    What sets Rig Source apart from various other suppliers is their ability to work hands on with their customers. Rig Source doesn’t just make a sale to geotechnical and environmental companies, but rather they take an active lead in supporting their endeavors. They offer a large fleet of rental drill rigs with flexible rental terms so contractors have equipment readily available, and a full service shop to keep drillers up and running at all times. For more information on Rig Source or how we support geotechnical and environmental contractors with drilling equipment for ground water protection, give us a call at 630.365.1649.



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