1. Vacuum Excavation Rental Options

    July 1, 2019

    Rig Source provides drilling customers with an assortment of vacuum excavation rentals for safely locating underground utilities and performing various clean-up tasks on drill sites. We offer both trailer and track mounted options and update our fleet often to ensure we’re providing the safest and most reliable equipment. Most recently Rig Source added a new trailer mounted VACMASTERS System 1000 to our rental offerings. This new trailer mounted unit affords contractors the ability to easily transport equipment from jobsite to jobsite while our existing track mounted units will continue to provide access to remote and limited access jobsites.

    Top Picks

     

    Vacuum excavator rental options are ideal for customers looking for safe and efficient potholing equipment that produces minimal waste. Each one of our rental vacuum excavators is available for daily, weekly or monthly rentals making them attainable and affordable for every size business. Contact us today at 630.365.1649 to reserve your rental or visit our online vacuum excavation rental fleet to learn more.



  2. Drill Rig Financing Options

    March 10, 2017

    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.



  3. AEMA Annual Meeting & Exposition – Booth #334

    November 21, 2016
    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.



  4. 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.



  5. 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.



  6. Drill Rig Trade-In’s

    August 24, 2016

    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.



  7. Core Drilling Rig Rental Fleet

    December 17, 2015

    As a leading core drill rig supplier for the mineral exploration market, we’ve seen firsthand how the market fluctuations are affecting you, and have adjusted our support to best suit your changing needs.

    Mineral exploration may be a volatile market right now, but don’t let that stop you from taking on core drilling jobs as they arise. It has been our experience that fluctuations in the core drilling market tend to run in cycles, but always find their way back to the top. There is a great deal of money to be made in the core drilling industry, but many core drillers must struggle through the industry lulls in order to experience the benefits of the markets booms.

    One of the most common grievances we’ve heard from our core drilling customers during periods when the core drilling market slows is the high cost associated with core drill rigs. To buy and adequately maintain a quality core drill rig for the varying projects won can be difficult when the frequency of incoming work is unknown. That said we’ve developed core drill rig rental options that are more cost effective for you in an unpredictable market.

    Core Drill Rigs for Rent

    With flexible rental terms available, we now offer Atlas Atlas Copco Core Drilling Rig RentalsCopco core drilling rigs for rent in two various sizes. The Atlas Copco CS1000 rig is the smaller of the two units, and is used for drilling depths up to 3,500 ft. while the larger, Atlas Copco CS14 unit will accommodate drilling depths up to 5,052 ft. Both drill rigs are equipped with PQ heads. (Various core drill rig tooling packages are also available from Rig Source.)

    *Depth capacity varies based on tooling selection. 

    To find more information on our core drill rig rental units available, give Rig Source a call today at 630.365.1649.

     



  8. 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.



  9. Gear Up Drillers – The 2015 NDA Convention Is Here

    September 10, 2015

    Pack your bags for this year’s NDA Convention, and stay on the forefront of geotechnical, environmental & mineral exploration drilling methodology and technology.

    2015 NDA Convention

    2015 NDA Convention – September 17-18

    The National Drilling Association Convention is an annual event hosted by the NDA and sponsored by its members and affiliates of the drilling industry. This convention has been noted for providing excellent networking opportunities within the industry, and provides ample educational opportunities for businesses to learn how to best service their customers. As long time members of the NDA, Rig Source continues to support their annual convention, and highly recommends those in the industry take part. Location: Turf Valley, Ellicott City, MD.

    Rig Source’s Contribution

    As a drill rig sales, rental and service center for the geotechnical and environmental drilling industries, Rig Source will be exhibiting at the NDA Convention, and would love to see you at our booth. If you’re an existing customer, stop by and share your latest drilling story with us. We enjoy hearing about the work our drilling rigs have mastered since leaving our shop, and how they have benefitted you as a driller. Additionally, if you’re new to the industry, be sure to drop in and introduce yourself. We welcome all new industry members and look forward to sharing our services with you. During the convention, owners, Mike & Lisa Crimaldi will be available to discuss drilling rig options with you, and offer creative equipment solutions for your specific drilling projects.

    Special Recognition

    Rig Source would also like to make special mention that two of our long time customers, Chuck Valenta of Terracon and Dan Dunn of Major Drilling America, Inc. will be conducting a transformative safety panel discussion during the convention. Topics will include accidents, safety and solutions to help prevent drilling related accidents from occurring. These two gentlemen are experts in the geotechnical and environmental drilling industry so you won’t want to miss out on the opportunity to gather some of their tricks of the trade.

    For more information on Rig Source or our NDA Convention Sponsorship, please give us a call at 630.365.1649.

     



  10. 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.