1. Rental Geoprobe with Core Package

    July 31, 2018 by Savannah Adkins

    We’ve expanded our direct push rental inventory to include a Geoprobe 7822DT with core package. It’s the same great Geoprobe model with the added benefits of the core package for increased versatility and ease of transport to jobsites. As a reputable supplier of Geoprobe units we’re proud to stay on top of industry trends and excited to extend this new Geoprobe rental offering to our customers.

    The 7822DT is a preferred Geoprobe model for its size and adaptability. 7822DT models are fully operational by remote control and have narrow platforms making them extremely mobile and ideal for projects with limited access. The added core package extends the 7822DT’s capabilities with a 4-speed head that adapts to various ground densities. The added break out table, water swivel and water pump amplify the use of the 7822DT for coring by simplifying the drilling process and eliminating the need for purchasing specialty equipment. Together the 7822DT with core package delivers capabilities equivalent of larger track mounted drills but with greater flexibility.

    Added Benefits of Geoprobe’s Core Package Include:Geoprobe 7822DT with Core Package
    • High speed head
    • Rod clamp
    • Water swivel and hose kit
    • Feed system regulator
    • Wireline winch
    • Rotary core options

    For more information on our new rental Geoprobe 7822DT with core package please contact Rig Source at 630.365.1649.



  2. Rig Source Expands Drill Rig Offerings

    April 9, 2018 by Savannah Adkins

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

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

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

    Geoprobe 8140LC Sonic Rig

    Rig Source Sells Geoprobe 8140LC

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

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

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

    Service & Support

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

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

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



  3. Drill Rig Financing Options

    March 10, 2017 by Savannah Adkins

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

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

    Option 1: Full Payout Leases (Capital Lease)

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

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

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

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

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

    Rig Source Finance Infographic

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



  4. End of Year Savings

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

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

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

    Understanding The Benefits

    2016 Deduction Limit = $500,000

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


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

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

    2016 Bonus Depreciation = 50%

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

    Section 179 and Bonus Depreciation Chart

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

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

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



  5. 2016 NDA Convention

    September 8, 2016 by Savannah Adkins

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

    Rig-Source-NDA-Convention-Reminder

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

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

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



  6. Drill Rig Trade-In’s

    August 24, 2016 by Savannah Adkins

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

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

    How It Works

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

    Benefits of Trade-In’s

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

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



  7. Changes to Pay Attention to in 2016

    February 5, 2016 by Savannah Adkins

    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


  8. Auger Drills & Direct Push Inventory on the Move

    December 9, 2015 by Savannah Adkins

    Change is in motion for our geotechnical and environmental drilling equipment inventory so be sure to stay in the loop by following us on social media, and take advantage of equipment opportunities as they are presented.

    In the last few weeks Rig Source has purchased a variety of auger drilling rigs as well as direct push units to support customers looking for inexpensive drilling rig options or start up rigs. Our talented buyers have years of experience finding quality used drill rigs to fit our customers varying budgets. We can easily spot the value in these used drills, and provide maintenance options with reasonable costs to bring used drills to “like new” condition. Rig Source values our customer’s time, and are honored that so many around the world have trusted us for over a decade to buy, restore and rebuild their auger drilling rigs and direct push units.

    With the current geotechnical and environmental market in full swing, our inventory of Geoprobe’s, CME’s and Diedrich drills have been moving at a rapid pace. For your convenience, we’ve begun posting equipment notifications on Facebook, Twitter, Linkedin and Google +, but always recommend giving our team a call to discuss the type of drilling rigs you’re in search of.

    Sample Auger Drill Rig & Direct Push Projects
    CME 45 Drill Rig for Sale

    CME 45 Drill Rig

    Geoprobe 66DT for Sale by Rig Source

    Geoprobe 66DT


    Auger Drill Rig & Direct Push Drills Available NOW

    Diedrich D-50 Drill Rigs for Sale

    Diedrich D-50 Drill Rig

    CME 550X Drilling Rig for Sale

    CME 550X Drill Rig

    Geoprobe 6610DT for Sale by Rig Source

    Geoprobe 6610DT

    Geoprobe 6620DT for Sale by Rig Source

    Geoprobe 6620DT

     

    To view our complete listings or peruse additional auger drills and direct push units, please visit our geotechnical and environmental drill rig showroom. Need a price? Call 630.365.1649 and ask to speak with the sales representative in your area.



  9. Direct Push Drilling Services Ramps Up In Milwaukee

    May 18, 2015 by Savannah Adkins

    The need for direct push drilling services is on the rise in the environmental industry, and Rig Source is pleased to announce we have supplied another start-up company with the Geoprobe Unit to get their business up and running for the Milwaukee area.

    Baake Field Services

    Long time environmental consultant and drilling enthusiast, Matthew Baake has taken the initiative to begin his own company, Baake Field Services which will be opening later this year in Milwaukee, Wisconsin. “There were just too few direct push options and an inadequate supply of companies to meet the local demand,” says Baake. In response to the industry’s needs, Baake purchased a refurbished Geoprobe 66DT direct push unit which counts as the first direct push unit to enter his fleet. The 66DT unit will be used for a full range of direct push drilling services including soil sampling and site investigation.

    Drilling Selection Exists but Nothing Tops an Outstanding Reputation

    When faced with the decision to select the right kind of drilling equipment to encompass the range of services as well as meet the financial requirements Baake had in mind, he confessed to scoping out all his options. The ability to search probing equipment online and even complete price comparisons in a matter of minutes allows buyers to educate themselves on the equipment available and study the value of drilling equipment to ensure they make an overall good decision with the final purchase.

    After talking to multiple industry experts Baake was referred back to Rig Source time and time again. Our outstanding reputation in the environmental industry along with his own research of used Geoprobe’s led him to the conclusion that Rig Source was the best option for purchasing his direct push equipment.

    “During my years as a consultant I had heard about Rig Source from numerous drilling and probing service providers so naturally they were on the top of my list during the research phase. What I discovered during my research though is that used rigs can be found elsewhere, however, sources are generally dubious and the rigs tend to be priced high relative to their condition and age, etc.  Rig Source was able to provide me with the rig, tooling, and refurbishing in one fell swoop, at what seemed to be a fair price.” – Matthew Baake

    As Baake gathers the remainder of drilling supplies and tooling, he is eager to offer his services to the Milwaukee area so stay alert for his grand opening in the near future.

    If you are looking to break into the growing environmental drilling market to help the industry keep up with its demand, give Rig Source a call today at 630.365.1649 and let us help you find your equipment!