1. End of Year Savings

    November 15, 2016
    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.



  2. Changes to Pay Attention to in 2016

    February 5, 2016

    2016 Laws Expected to Affect Customers2016 marks a big year of change for laws that have potential to affect many of our drill rig and crawler carrier customers. New laws have gone into effect, and some previous laws are set to be enforced by the end of the year. As your trusted equipment supplier we analyzed these changes to determine how they could affect you. We want our customers to be fully informed so they can continue to make the best decisions and equipment purchases for their growing business.

    Section 179 – Bonus Depreciation

    First and foremost, are you aware of the latest changes to Section 179 tax deductions for equipment purchases? While Section 179 has been available in the past, the rules have changed. This year both the House and Senate passed “Protecting Americans from Tax Hikes Act of 2015” which permanently increased Section 179 tax deduction limits to $500,000, and extended 50% bonus depreciation through 2019. Prior to this law taking place, Section 179 was temporarily approved on an annual basis. The temporary re-approvals were nice, but they didn’t provide equipment buyers adequate time to complete equipment purchase transactions in time to qualify for the deduction. Therefore, the permanency of Section 179 is ideal for our drill rig and crawler carrier customers seeking to purchase equipment now and in the years to come. The new law gives buyers the time they need to plan and forecast equipment needs, shop for the right equipment, and feel confident the Section 179 tax deduction is going to be there for them.

    Oil Export Ban Lifted

    Forty years later, the US ban on oil exports has been lifted! This is exciting for our customers within the oil and gas and pipeline industries.  It is expected that this lifted ban will expedite a higher demand for the US to grow our oil transport infrastructure, and in return open up thousands of new job opportunities for industry members. Keep in mind environmental protection is still of utmost importance while we grow the US infrastructure so it is imperative for contractors to remain conscious of environmentally friendly practices while on jobsites. Taking action by utilizing heavy equipment like crawler carriers which are known for leaving behind some of the smallest environmental footprint is one way you can help protect the ecosystem.

    Tier 4 Emissions Standards

    The Environmental Protection Agency (EPA) introduced Tier 4 engine emission standards back in 2004, and has allowed a phase-in period for manufacturer compliance which is largely coming to an end in 2016. The purpose of the Tier 4 engine standards by the EPA is to reduce engine emissions in an effort to comply with stricter Clean Air Act guidelines. What you need to know as an equipment consumer is equipment already utilizing Tier 4 engines also comes with a heftier price tag. Additionally, Tier 4 engines may use different fuel which increases the amount of maintenance required to uphold the equipment. To date, many equipment manufacturers have already conformed to the new Tier 4 engine standards leaving it very difficult to come across Tier 3 equipment still in production.  However, there are some manufacturers like Terramac® who are still offer offering Tier 3 models through the remainder of 2016. Therefore, if you are looking to add to your equipment fleet, 2016 may be good year to do so in order to take advantage of Tier 3 options that will soon be no longer be available.

    *This is a brief overview of the laws that have potential to affect our customers this year. For more information regarding the details of these laws, please contact your local government agency and tax advisers.

    Sources:

    1. The Section 179 Deduction. (2016, January 1). Retrieved from http://www.section179.org/
    2. Speaker Ryan Press Office. (2015, December 15). Lifting the Oil Export Ban: By the Numbers. [Blog Post]. Retrieved from http://www.speaker.gov/general/lifting-oil-export-ban-numbers
    3. Associated Equipment Distributors. (n.d). Clean Diesel Technology For Off-Road Engines and Equipment: Tier 4 and More. Retrieved from http://www.aem.org/PDF/DTF_Tier4WP_FIN.pdf


  3. Crawler Carrier Uses Broken Down by Region & State Continued – Part 3

    October 30, 2015

    Welcome back to part three of our series covering the use of crawler carriers across various regions of the US. Click on the links provided to catch up on the Western Regions or Mid Regions of the US. Otherwise, read on and enjoy learning about crawler carrier usage along the Eastern regions of the US.

    Travel the Eastern Regions of the US on Tracks

    New England Region – Encompassing the states of Connecticut, Maine, Maryland, Massachusetts, New Hampshire, Rhode Island & Vermont.

    • New England is one of the most historic regions of United States, and with that comes an older infrastructure requiring a great deal of maintenance and repair. Crawler carriers benefit the New England region by providing the local industries with reliable equipment capable of adapting to the various seasons and infrastructure needs such as pipeline repair, environmental restoration, and utility maintenance. The most commonly sought after crawler carrier attachments for this region are standard dump beds, tac welders, water tanks, pipe heating units and more.

    Mid-Atlantic Region – Encompassing the states of Ohio, Pennsylvania, West Virginia, New Jersey & New York.

    • The Mid-Atlantic Region is truly the heart of pipeline work for the Unites States because it contains the Marcellus and Bakken Shales. The Marcellus Shale is the largest source of natural gas in the United States so it is no wonder that crawler carrier usage is at its highest rate for the country in this region. Crawler carriers are used in every step of the pipeline process; beginning with utility locating and finishing up with land restoration. Top attachments used for crawler carriers across the entire Mid-Atlantic Region include, vacuum excavators, water tanks, cranes, tac welders, personnel carriers, compressors, hydroseeders, bark blowers and straw blowers.

    South-Atlantic Region – Encompassing the states of Delaware, Virginia, North Carolina & South Carolina.

    • The South-Atlantic Region is a hot spot for a multitude of industries, and crawler carriers are used routinely due to their versatility across a wide variety of terrain conditions. This region includes the Appalachian Mountains and is also home of the Coastal Plaines. The Proximity to the Mid-Atlantic Region means pipelines are still among the top local industries to depend on crawler carriers, but the units are also being used for earth moving and excavation projects which require attachments such as hydroseeders, bark blowers, straw blowers and rock beds. As you travel into Virginia, the use of crawler carriers is also increasing for the utility market.

    Southeast Region – Encompassing the states of Georgia & Florida.

    • Surrounded largely by water from both the Gulf of Mexico and the Atlantic Ocean, the Southeast Region has found crawler carrier use a key tool for shoreline restoration as well as land reclamation. This is a tourist region so using low impact equipment like carriers that have low ground pressure assist both Georgia and Florida in preserving their environments for visitors. Pipeline projects such as the Sabal Trail Transmission are also expected to increased crawler carrier usage once the project commences in 2016. The last prominent use of crawler carriers for mention in the Southeast Region has been in utilities. Digger derricks and boom lift attachments are being mounted to the rear of crawler carriers more and more which is allowing easier accessibility to utility pole installation sites.
    Regional Wrap Up

    Crawler carrier usage among all regions in the United States has been on a tremendous upward growth pattern in recent years as more and more as technological advancements to crawler carriers have been introduced. Each new advancement has made work in these trade industries that much easier and safer than ever before. The adaptability of crawler carriers to hold various specialty attachments, and interchange them with ease also enhances productivity for employers by providing their workers with all the tools necessary, even in remote locations to continue working. There isn’t an industry out there that couldn’t benefit from crawler carriers, and as future uses come about and new attachments are developed – you can count on Rig Source to keep you informed and your fleet stocked!

    *Common Crawler Carrier Attachments Mentioned Throughout the Series: Standard Dump/Flat Bed, Dust Suppression Spray Boom, Fuel Tank, Rock Bed, Tac Welder, Personnel Carrier, Pipe Heating Unit, Compressor, Bark Blower, Hydroseeder, Water Tank, Knuckle Boom Crane, Geotechnical Drills and Straw Blowers.



  4. Crawler Carrier Uses Broken Down by Region & State Continued – Part 2

    August 17, 2015

    This is part two of a three part series that takes a look at crawler carrier usage across the different regions of the US. Click on the link to catch up on our previous post which covered crawler carriers in the Western regions of the US.

    Travel the Mid Regions of the US on Tracks

    The Great Plains Region – Encompassing the states of North Dakota, South Dakota, Nebraska, Minnesota, Iowa, Wisconsin, Illinois, Arkansas, Missouri, Michigan, Indiana, Kentucky & Tennessee.

    • Within this region, the three states of North Dakota, South Dakota and Nebraska which hold the Bakken Shale have extremely high crawler carrier usage rates. These states are expanding rapidly in the oil and gas market, and crawler carriers have been the all-in-one piece of heavy equipment capable of adapting to the multitude of jobs required for pipeline work. The remaining Midwestern states have also found various uses for crawler carrier’s rubber tracked technology, but among a broader group of industries, and are used more so for niche jobs when inclement weather hinders work sites. Industries have included mine reclamation, utility, general construction and excavation as well as pipeline work. Due to the variety of industry demands, this region uses one of the widest arrays of specialized crawler carrier attachments such as tac welders, personnel carriers, water tanks, cranes, spray booms, hydroseeders and standard dump beds.

    Southern Plains – Encompassing the states of Oklahoma & Kansas.

    • This region is best known as “Tornado Alley,” and has seasonal climates which make predicting and planning for outdoor work a struggle. Pipeline work is in full force in the Southern Plaines and therefore much like the Western regions becomes the most prevalent industry for crawler carrier use. Rubber track technology allows carriers to continue working even when the terrain is not in its best condition. Pipeline attachment features used in this area include welders, personnel carriers, and even standard dumps. While pipeline is the primary usage, states such as Kansas have found crawler carriers useful for the utility market for the installation of utility poles.

    Gulf Coast Region – Encompassing the states of Alabama, Mississippi, Louisiana & Texas.

    • Swampy, humid and wet conditions frequently noticed in the Gulf Coast region require the use of crawler carriers on a regular basis. This is a primary region for the Unites States oil and gas extraction so pipeline distribution is a major focus. Among the states included in the Gulf there is a high volume of crawler carriers being used for pipeline installation and maintenance as well as services assisting pipeline work such as potholing with track mounted vacuum excavators.

    For more information on crawler carriers in the Mid Regions of the US, give Rig Source a call today at 630.365.1649. Otherwise, stay tuned and follow the Rig Source news feed for part three, crawler carriers in the Eastern Region.



  5. Crawler Carrier Uses Broken Down by Region & State

    July 27, 2015

    Crawler carriers are making an impact among numerous industries across the United States, and their efficacy is being unraveled daily. Their impacts along with increased market exposure highlighting the benefits and value associated with crawler carriers are triggering increased popularity and demand at a fast pace. To top off the craze, new technological advancements in crawler carriers, and the introduction of a North American made unit – The Terramac® RT9, only increase the hype.

    As a dealer for top brand name Terramac® crawler carriers, and a well reputed used sales, rental and service provider of all brand name crawler carriers such as Morooka, IHI and Komatsu, we’ve analyzed our own crawler carrier sales and rental usage to give you a breakdown on exactly which industries are gaining the most from crawler carriers and sorted the data by region to demonstrate how various regions of the US differ with their crawler carrier use. Follow us in a three part journey as we travel the US on Tracks!

    Travel the Western Regions of the US on Tracks

    Northwest Region – Encompassing the states of Alaska, Washington, Oregon, Idaho, Montana, Wyoming, Utah & Colorado.

    • The Northwest region is often divided in two sub regions due to the Cascade Mountain Range. Within this division, it is noted that the far west states of Washington and Oregon find crawler carrier use a popular choice for dealing with the mountainous and often times wet terrain. This area is a hotspot for growing oil and gas pipelines since it is in close proximity to Canadian Shales as well as the Bakken. On the East side of the Cascades, pipeline work also plays a hefty role in crawler carrier usage, but crawler carriers are also being used frequently for mine reclamation and tailings pond maintenance. Common crawler carrier attachments found in the Northwest region include convertible dump/flat beds, personnel carriers, tac welders and dust suppression spray booms. Other industry uses in this region have included damn restoration and geotechnical drilling.

    Southwest Region – Encompassing the states of California, Nevada, Arizona & New Mexico.

    • States in this region are recognized for high copper production, and have both active and residual mines to show for it. Similar to the Northwest region, Mine Reclamation is in its prime as new environmental laws go into effect to protect the environment, and with that comes the increase demand for crawler carriers. Among the Southwest region, crawler carriers utilized for dust suppression on tailings ponds have taken the lead for usage in the region. California has also seen an increase of crawler carrier usage for exploration drilling, and due to the sandy conditions of the desert in this region they have become attractive to those in the utility market for their unstoppable rubber tracked technology. Common attachments found in the utility market include digger derricks, aerial devices and fifth wheel hitches in addition to the standard flat and dump beds.

    Island Region – Encompassing the state of Hawaii

    • The only state not attached to continental North America, Hawaii has less frequent crawler carrier use than the other states, but is a likely candidate for land excavation and reclamation, utilities and shoreline restoration. Hawaii is home to some of the world’s best beaches, varying altitudes and lavish rainforests. The use of rubber tracked equipment is ideal for sensitive terrain such as this to minimize environmental damage.

    That wraps up crawler carrier usage in the Western regions of the US so stay tuned and follow Rig Source’s news feed for the remaining Mid region and Eastern region updates.



  6. Rent Crawler Carriers Before You Buy

    June 4, 2015
    One more way we ensure customer satisfaction!

    Wouldn’t it be great if you could test a rubber tracked carrier before you determined if it was the right piece of equipment for you? We provide you the option to rent all of our name brand carriers, including Terramac®, Morooka and IHI before you purchase. This opportunity is available on new and used carrier units as well as crawler carriers with customized attachment features. Our flexible rental options are intended to accommodate your needs so learn what’s available and reap the benefits today!

     

    Benefits Of Renting A Carrier Before Purchasing

    As your one stop shop for crawler carrier rentals and purchases, Rig Source strives to make the process as simple as possible. Over the years, we’ve learned that our customers appreciate the benefits associated with renting before buying. Two of the biggest benefits are the ability for customers to familiarize themselves with new equipment and at the same time tryout the crawler carrier they’re considering buying.

    Maybe you’re not too familiar with crawler carrier products or maybe you haven’t seen the full scope of tracked carrier capabilities, but renting before you buy provides you the time and practice to learn. Taking a rental crawler carrier out on the jobsite allows customers to put our rubber tracked carriers to the test to ensure they are meeting all the requirements necessary to later justify their purchase. (more…)



  7. We Let YOU Customize Rentals

    April 27, 2015

    Did you ever stop and think…”Man, if I had a crawler carrier with a specific specialty attachment then I’d be able to take on that incredible job?” Specialty equipment can be costly, and often times an investment that your company may not be able or willing to make for a single job opportunity that arises. It’s a common road block many companies face when niche jobs come up requiring heavy duty crawler carriers.

    Lucky for you, Rig Source listens to our customer’s needs when they come to us. Our corporate policies do not prevent us from accommodating your needs so we do our best to offer customized rental crawler carriers that meet your exact demands any time. Our company was built by thinking outside the box, and we view each new customization request as an opportunity for our business to serve you. We have a variety of rental crawler carriers just waiting to be customized, and have over a decade of experience working directly with our customers on customization projects.

    Options, Options, Options – Who Doesn’t Love Options?Customized Rentals with Fifth Wheel

    Wheels are probably the last thing you think of when you think rubber tracked crawler carrier, but that is the exact customization we completed for our most recent crawler carrier rental customer. A utility job in the desert required tracked carriers for hauling pipe/pole trailers. In order to attach the trailer to the crawler carrier, Rig Source installed a fifth wheel and pintle hitch to two units. With no pressure to purchase the units, this customer is able to complete their unique job with two customized rentals that fit their exact needs.

    Other customized rental options we’ve completed include: personnel carriers, hydroseeders, rock beds, vacuum excavator and much more. There is no customization we won’t consider to meet your needs so give us a call today at 630.365.1649 with your ideas, or visit our rental crawler carrier’s page to view some already customized carrier units!

    How many crawler carrier rental centers do you know that offer customized rental options for specialty equipment? We believe we are one of the few and we do it because it’s what YOU need.



  8. Accidents Happen but Drill Rig Damage is Repairable

    March 31, 2015

    The next time you roll your trailer while hauling your rig – Rig Source to the rescue!

    Has anyone ever lost something out of a car window or worse watched an item fall off the back of a truck bed? How many of you have rolled your trailer while carrying your drill rig to its next destination? I can’t say that I’ve rolled a trailer, but watching my couch fly was a site to be seen. Regardless of the item you lose or damage in an accident, two things remain the same: 1) be glad you’re safe & 2) be prepared to repair or replace.

    True Stories of Drill Rig Accidents

    The fact of the matter is accidents do happen and unfortunately more often than we would like to admit. Rig Source has advised many customers who have encountered these types of drill rig accidents over the years but a couple recent accidents include a Geoprobe and a Diedrich drill rig.

    The first incident was a Geoprobe® 6620DT drill rig which took a spill similar to the ones described above. During the accident, the Geoprobe® withstood some damage such as bent parts that required repair before the unit could go back to work safely.

    Rig Source received the Geoprobe® 6620DT shortly after its accident and immediately inspected the unit for any and all possible damage. “The number one factor to consider during rig repairs is always safety. During our thorough inspections, we are able to find all problems, and require our customer’s to fix problematic findings prior to putting the units back to use,” says Mike Crimaldi, owner of Rig Source Inc.

    Therefore, after a full inspection, Rig Source went straight to work and fixed the damaged direct push unit using all genuine Geoprobe® replacement parts. To everyone’s surprise, the Geoprobe® 6620DT didn’t obtain as much damage as one would expect from an accident so our customer decided to do a few extra maintenance items while the unit was in the shop.

    Repaired Drill Rig Damage

    Geoprobe® 6620DT Repair List:

     

    • Replaced bent parts
    • Rewired fuse panel
    • Replaced cables, hoses & tracks
    • Oil change
    • Fresh paint

    The second drill rig accident occurred with a Diedrich D50 which rolled along with its trailer during transport. With this particular unit, the owners were not as lucky as the first. After Rig Source completed their inspection of the Diedrich unit, it was determined that the amount of repairs needed were far beyond the value of the unit. Similarly, our mechanics openly communicated safety concerns which could pose a threat to future drillers if the unit was to be repaired. For everyone’s well-being, rather than repairing this Diedrich D50, Rig Source opted to work alongside the customer to find them a replacement rig that was affordable and met their needs.

    Not everyone has the luck of the first customer mentioned, but with the experience our shop team has working on these rigs we can do some powerful repairs. Our guys are second to none, and are always there when you need them. Likewise, our team is dedicated to you so even if we recommend a drill rig to be scraped because we can’t safely put it back to work, our sales team will help you get back into the action with a replacement drill.

    What’s the worst accident you’ve encountered with your equipment? What kind of damage did you have? Give Rig Source a call today at 630.365.1649, and we’ll inspect and repair your drill rigs from top to bottom or replace them to get you back in safe working order in no time.



  9. Extreme Flexibility – Knuckle Boom Cranes

    February 27, 2015

    What do you get when you mix the versatility of a rubber tracked crawler carrier and the functionality of a knuckle boom crane? That’s right, our title says it all – EXTREME Flexibility!

    Scroll through our album and view every angle of this customized crawler carrier with knuckle boom crane attachment, and learn how its use can benefit a variety of industries.

     

    The Crane Itself

    The ability to use knuckle boom cranes ultimately simplifies an operator’s loading process by giving them more functionality. The knuckle boom crane has multiple joints which increases its range of motion and reach for objects. It also takes up very little space on the carrier itself since it mounts tight against the operator’s cab. This set up provides users the ability to use crane functions while maintaining full functionality of the crawler carrier as well.

    This combination carrier unit with knuckle boom crane has been found to be rather useful for pipeline and utility companies alike that use it for moving large items along the job site and clearing paths for equipment and crew. It has even been used for drilling support as drillers transport equipment to and from remote locations. Customers who have experienced using various pieces of equipment in the past readily flaunt how handy the crawler carrier with knuckle boom crane was to have on their job sites. These same customers have the tendency to return to us time and time again – Quality equipment leaves a lasting impression!

    Buy or Rent

    At Rig Source, these custom knuckle boom crane units are available for both sale and rent. Whether you have a short term or long term need, we’ve got you covered.  We offer various rental rates and affordable pricing on all our custom crawler carrier units, and diligently work with you to ensure your every need is being met. No two jobs will ever be the same so give Rig Source a call today at 630.365.1649 to gather the latest carrier with knuckle boom crane attachment information. While you’re at it, test our flexibility and share your challenges with us. We’d love the challenge, and you’ll only benefit from our solutions!



  10. Discount on Crawler Carrier Parts

    February 2, 2015

    Inventory is complete, and Rig Source has a surplus of carrier parts so let the savings begin.

    As of February 1st, Rig Source announced a large crawler carrier parts sale that would run throughout the entire month. During this limited time offer universal crawler carrier replacement tracks for brand names such as Terramac®, Morooka and IHI units are 10% OFF, and there are numerous BUY 3 GET 1 FREE offers on rollers, bushings, sprockets, pivot shafts and much more. If you were considering some general maintenance on your crawler carrier units this year, a sale like this is definitely worth taking advantage of.

    (more…)