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. MINExpo 2016

    September 15, 2016
    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.



  3. 2016 NDA Convention

    September 8, 2016

    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.



  4. 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


  5. 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.



  6. 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.



  7. 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.



  8. 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.

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  9. A New Spin At Rig Source

    June 30, 2014

    Rig Source is proud to offer our first Komatsu CD60 rotating crawler carrier unit for sale or rent. The Komatsu CD60 puts another spin on tracked carriers that provides users a greater degree of maneuverability. If you’ve enjoyed the benefits of a rubber tracked crawler carrier in the past get ready to be amazed by what additional features this unit offers.

    Tight Spaces Require Rotation

    While working within space constrictions, it is not easy to find the exact equipment you need to get the job done and also protect your surroundings. Typically, something has got to give, but when you partner with Rig Source. We have found that while many of our customers benefit from use of standard crawler carrier units, there is still a large number of markets that need a little extra something, like rotation!komatsu cd60 rotating crawler carrier unit

    This is why Rig Source decided to offer you the option to buy or rent a Komatsu CD60 rotating crawler carrier. The Komatsu CD60 features a 360 degree rotating cab and bed which will allow you to enter and exit tight spaces on the jobsite without having to actually turn the entire unit and risk digging the rubber tracks into the unstable ground. Along with this, the Komatsu CD60 rotating crawler carrier requires less space for operations since it has the ability to spin and doesn’t need to turn. Both prove to be added bonuses for companies that need a little more than just low ground pressure on their jobsites.

    Give It a Whirl – Buy or Rent a Komatsu CD60

    If you’ve got work to do and are confined to small spaces to do it, try out our latest equipment addition, the Komatsu CD60 rotating crawler carrier. Rig Source is certainly excited to be featuring yet another new model of equipment to our customer base. It is our goal to keep up with the changing and growing needs of our customers, and as of right now, we believe the Komatsu CD60 rotating crawler carrier is the spin you need.

    For additional information on the Komatsu CD60 rotating crawler carrier available for sale or rent, give us a call at 630.365.1649. A member of our team would be happy to discuss the benefits and details on this unit with you.

     



  10. Limited Time Rental Deal

    June 10, 2014

    You’ll never fail getting your crawler carrier rentals from Rig Source, especially if you call and make your reservations now. We have an extensive fleet of crawler carrier rentals available, BUT they are slipping away fast. As spring weather came around so did many new job opportunities for various industries, including pipelines and general construction. Between these two industries alone, customers have found numerous ways to use these multifunctional units, and the flexibility and cost savings of a rental have been extremely beneficial.

    Available Crawler Carrier Rentals Include:

    Morooka MST-800VD

    Terramac® RT9

    Crawler Carrier with Crane

    Morooka MST-1500VD

    IHI IC-45

    Crawler Carrier with Personnel Carrier

    Morooka MST-2200VD

    IHI IC-100

    Crawler Carrier with VacMaster

    How to Grab Hold of the Deals

    At Rig Source, we carry all the brand name crawler carrier rentals you need, and offer outstanding customer service and equipment support to go with it. Just by calling and mentioning this blog you are automatically eligible for 5% off your next crawler carrier rental*. Along with this, you still receive our competitive rental rates that provide the flexibility of weekly or monthly rental terms that work best with your needs and schedule. It is and always will be our goal to get our customers the support they need by providing them with only the best in crawler carrier rentals so get the experience and price you deserve on crawler carrier rentals by calling Rig Source today at 630.365.1649.

    *Offer valid to all customers for July’s rental rate. Must mention this deal to have discount applied.