1. Rig Source, Inc. Welcomes Tom LeDonne to Team

    October 20, 2020

    Tom LeDonne

    Company: Rig Source, Inc.

    Contact: Monica Coenen

    Phone: 630-365-1649

    E-mail: monica@rigsourceinc.com

     

    For Immediate Release

    Rig Source, Inc. Welcomes Tom LeDonne to Team

    Elburn, IL Rig Source, Inc., a leading drill rig supplier, adds Tom LeDonne, an industry veteran, to their team of experts. Tom will be focused on supporting the geotechnical drilling market in the Midwest. 

    Having earned his degree in civil engineering with an emphasis in Geotechnical, LeDonne began an exciting career in the fields of and related to Subsurface exploration, design, and Equipment sales. He’s since acquired over five decades of experience in the industry; earning outstanding accolades for his work in the field as well as his mentorship in leadership positions such as President at Diedrich Drill. His longevity in the industry attests to the fact that he is a wealth of knowledge.

    LeDonne is passionate about the geotechnical field and enjoys the challenges associated with each individual task. “Every boring is unique making this line of work unpredictable. To succeed, it involves sound judgement and the right equipment,” explains LeDonne. “I’m excited for the opportunity to work with Rig Source where I can support drillers by sharing my knowledge and use my drilling expertise to fit them with the proper equipment to get the job done.”

    Based in LaPorte, Indiana, LeDonne will focus on new and used drill rig and tooling sales, primarily visiting customers in the Midwest. LeDonne will remain available to assist all Rig Source clients, at any time, when his expertise is needed, and is eager to stay connected and continue serving his longtime customers. “We are proud to welcome Tom to our team as one of the most respected Geotech sales support people in the country” states Mike Crimaldi, President at Rig Source, Inc. “I’ve been working with Tom in the drilling industry for over 30 years and his professionalism and character can’t be beat.”

    Rig Source, Inc., based in Elburn, IL, is a drill rig supplier providing new and used drill rig sales, rentals, service and support to the Geotechnical and Environmental drilling industries. We stock and maintain an assortment of drills from top manufacturers to meet a variety of needs and budgets while delivering an unprecedented degree of customer service. To learn more, please visit www.rigsourceinc.com or call 630-365-1649.

    -end-



  2. Custom Drill Rig Solutions Key to Expanding Fleets

    August 31, 2020

    Rig Source doesn’t just specialize in selling drilling equipment; we specialize in supporting our customers with all their drilling endeavors. We’re frequently contacted by engineering companies ready to expand their businesses by taking drilling operations into their own hands. The ideology behind this allows firms to control projects from start to finish, without having to rely on consulting services, in order to better serve customers. Taking those first steps towards accomplishing this transition, however, can be intimidating and requires experienced drilling professionals and a reliable fleet of drilling equipment.

    Beyond Engineering and Testing, LLC based out of Round Rock, Texas is a prime example of a company that recently opened a new drilling division which is proving to be an extremely successful expansion of their services.

    “We knew that taking on drilling operations would be a challenge so we started by recruiting a leader in the industry, Eddie Duran, to serve as our Drilling Operations Manager,” explains Bruce Spracklen, VP Business Development at Beyond. “From there we put our trust in Duran’s expertise and followed his guidance for acquiring drilling equipment.”

    Under Duran’s guidance, Beyond turned to Rig Source for drilling equipment.

    “I’ve used secondhand rigs purchased from Rig Source in the past and found their quality and support to be exceptional so there was no doubt in my mind that was the business I would turn to, to build our fleet at Beyond,” says Duran.

     

    Beginning in April of 2020, Beyond began purchasing rigs from Rig Source. The first unit purchased was a truck mounted CME 55 while the second was a remote CME 55 track rig. Both units had already undergone refurbishment through Rig Source’s shop so they were in pristine condition and outfitted with everything needed to begin drilling immediately. The third rig to join Beyond’s growing drilling fleet was a CME 75. Unlike the others acquired from Rig Source, this rig had not been serviced or mounted at the time of purchase.

    “The benefit to purchasing used rigs that we haven’t started working on yet, is that you’re able to take part in the refurbishment process. This includes choosing the features that are important for your specific drilling application, selecting paint colors and managing overall cost so you end up with a completely customized rig fit for your allotted budget,” explains Mike Crimaldi, President at Rig Source.

    Beyond determined that the unfinished CME 75 drill would need to be truck mounted so Rig Source began the refurbishment process by procuring a used Freightliner 7600. From there, Rig Source’s shop fabricated decking to accommodate the rig which included tool boxes specifically requested by Beyond. Routine maintenance was performed on both the rig and truck which included all new fluids, filters and hoses, repairs were made using genuine manufacturer replacement parts, and enhanced features such as a wireline, rod clamp, breakout wrench, and extruder were added to satisfy Beyond’s needs. To complete the rig, it was painted to match Beyond’s fleet colors.

    “Rig Source did an outstanding job refurbishing and mounting our CME 75 truck rig. Their ability to provide custom decking solutions allowed us to locate a truck quickly in order to get moving on the project, and their use of genuine manufacturer replacement parts assured us that we were receiving a quality used rig we can trust for years to come,” exclaimed Duran.

    Custom decking and re-mounts are niche services for the drilling industry that Rig Source not only provides but has spent over a decade perfecting. These services offer customers more flexibility when choosing truck and track drilling platforms and have proven to save time and money during rig refurbishments. Using any truck or tracked carrier brand, Rig Source will fabricate the decking to accommodate the drill of choice and will even customize to include items such as tool boxes, hydraulic auger racks, and custom sized rod racks, as it did for Beyond.

    Beyond has come a long way since first deciding to expand their services with a new drilling division. In less than six months, they have acquired three drills which are actively working in the field, and they’re in the process of procuring another to further expand and diversify their new drilling fleet.

    “We’re working through some unusual times right now due to a worldwide pandemic, and we couldn’t be any prouder of where we’re at with our new drilling division,” asserts Duran. “We are forever grateful for Rig Source and their diligence to keep producing refurbished rigs, despite the challenges brought on by COVID-19.”

    For more information on buying a refurbished drill rig from Rig Source, contact us at 630.365.1649 or visit our equipment showroom.



  3. Returning Customer Requests New Technology

    September 24, 2019

    Here at Rig Source we take pride in the relationships we build while providing drill rig sales and rentals. It’s through our customer service that we’re able to establish a rapport with our customers that keeps them coming back time after time for their drill rig needs. These connections work both ways because our customers educate our team on industry developments and trends which ensures we’re continuing to offer state-of-the-art drill rigs. We’ve been working closely with Anderson Environmental Contracting, LLC (AEC Drilling) to help them with their mission to improve project efficiency. By adding a Geoprobe 3230 to our rental fleet, AEC Drilling was provided an affordable option for attaining the highly versatile rig, and we were fortunate enough to expand our rental fleet offerings after seeing the instant success the unit provided them.

    AEC Drilling

    Longtime Rig Source customers and experienced leaders in the drilling industry, Brian and David Gose joined Anderson Environmental Company in 2018 to start AEC Drilling, a new drilling division to serve the Geotechnical, Environmental and Coring industries in the Pacific Northwest. After purchasing their initial equipment fleet, the Gose’s soon found their fleet at 100% utilization which required them to seek out alternative equipment solutions in order to keep growing the business.

    “We went right to Rig Source for drill rig rentals because we knew from previous experience they were easy to work with and always provided quality rigs,” expresses Brian Gose, Director at AEC Drilling.

    AEC Drilling first leased a Geoprobe 7822DT direct push rig followed by a track mounted Diedrich D-50. The capabilities and small footprint of the Geoprobe 7822DT served the needs of AEC Drilling, but the Diedrich D-50 proved to be more robust than required for the services they routinely offered. What AEC Drilling really wanted and needed to maximize their efficiency was Geoprobe’s latest 3230 model. At the time, Rig Source didn’t carry the Geoprobe 3230 in their rental fleet.

    AEC Drilling Geoprobe 3230

    Expanding the Rental Fleet

    The Geoprobe 3230 is a combination rig released by Geoprobe Systems early in 2015. Rig Source was familiar with the new unit and had seen the demo during a Geoprobe Days event. However, they hadn’t received any customer inquiries about one and therefore hadn’t considered adding one to their rental fleet. That all changed when AEC Drilling approached Rig Source with their equipment request.

    “Once I knew the customer interest was there, I was all about expanding our fleet offerings to include the new 3230 Geoprobe model. Fitting customers with rigs that align with their needs is our top priority at Rig Source because it leads to the highest level of customer satisfaction,” explains Mike Crimaldi, President at Rig Source.

    As result of AEC Drilling’s eagerness to have affordable access to a Geoprobe 3230 model for their drilling endeavors, Rig Source added one to its rental fleet.

    Sold Geoprobe 3230

    Geoprobe 3230

    The Geoprobe 3230 model is a versatile rig offering direct push, auger and high-speed rotary drilling capabilities. As a multi-functioning rig, operators are able to easily move between tasks without having to change out machines.

    “The Geoprobe 3230 gives us the same power as a larger auger rig but provides us with more capabilities and the flexibility to jump between tasks with a single piece of equipment,” states Gose. “Direct push is less expensive so we like to offer that option to clients first, which we can with the Geoprobe 3230, but we also know that if we get into difficult formation and are unsuccessful with direct push we can simply switch to using hollow stem auger without having to re-mobilize an auger rig.”

    The versatility is significant for AEC Drilling as they’re frequently performing services for soil and ground water sampling, soil remediation, monitoring wells, remediation wells, geotechnical sampling, and injections. Since taking Rig Source’s only Geoprobe 3230 out on a long term rental and finding instant success with it, AEC Drilling has decided to purchase the unit from Rig Source upon termination of the lease.

    Geoprobe 3230 In Operation

    “We’re always happy to see our customers succeed with the drill rigs we provide and are honored that so many customers like AEC Drilling feel comfortable coming to us and requesting new rig technology that match their unique needs,” expressed Crimaldi.

    Knowing how much success AEC Drilling has seen with the Geoprobe 3230 rig, Rig Source procured a second unit to replace the one being sold from their rental fleet. The new model will be available in October and it is their hope that other drillers will take full advantage of the rental opportunity.

    “We’re truly thankful to have such a dependable rig provider like Rig Source that was able to accommodate our specific requests,” admits Gose. “Even since adding the Geoprobe 3230 to our fleet, we’ve been back to Rig Source to purchase a Chemgrout unit and our experience was again, nothing short of amazing.”



  4. Rotary Box & Right Angle Drive Rebuilds

    November 21, 2018

    Rig Source specializes in drill rig service and repair which includes rotary box and right angle drive rebuilds. Proper functioning of these two parts is essential for rig operation, but when problems occur it’s often assumed that these parts must be replaced rather than repaired. At Rig Source we strive to give our customers a rebuild option for getting their units up and running. With a shop team dedicated to drill rig repair, we’ve perfected rebuilds for rotary boxes and right angle drives, making them a reliable and affordable solution for fixing rigs. The ability to repair instead of replace is a popular option among used equipment owners looking to extend the life of their rigs without spending a fortune.

    Typically when the rotary box goes out on your rig you will hear an unusual noise or notice that the chain stopped spinning alerting you to the problem. Similarly, right angle drive issues are easily recognized by a loss of power from the engine to the rotary box. Problems with either one of these parts will bring your drilling project to a complete halt and requires a fix to make the unit operational again. While you can choose to replace these parts it is not always the most cost effective method, especially for older rig models. That’s where Rig Source’s rebuild options come into play.

    After decades of experience encountering these issues on our own rental rigs as well as customer rigs, we came up with not one, but two options for rebuilding these parts. Our first option allows customers to choose from a stock of already rebuilt rotary boxes and right angle drives which are ready for installation. The second option allows customers to have their existing rotary box or right angle drive rebuilt while receiving a discounted rental rate on a replacement drill for the duration of time the broken down rig is in the shop. Both options are affordable and minimize downtime allowing customers to fulfill project deadlines.

     

    For more information on rotary box and right angle drive rebuilds, contact Rig Source at 630.365.1649.



  5. Rig Source Expands Drill Rig Offerings

    April 9, 2018

    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.



  6. 2018 Diedrich Inventory

    January 22, 2018

    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.



  7. 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.



  8. 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.



  9. 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.



  10. 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.