MWD Rental vs. MWD Ownership: Which Is Right for Your Company?
An important step for your oil and gas company is deciding whether to invest in MWD rental or to purchase these systems for your drilling operation. Companies that specialize in measurement-while-drilling equipment and training are often your best resources to help you determine the best course of action for your company. There are some factors to keep in mind when choosing whether to rent or purchase MWD kits.
The Duration of Your Drilling Operation
If you will only need your equipment for a short period of time, an MWD rental is the obvious choice for your company. However, if you will be using MWD techniques and kits for an extended period of time or at a number of different sites, it is often more practical to purchase an MWD kit.
The Type of Drilling You Do
MWD techniques are essential for extracting oil from shale formations. If you plan on investing in MWD training for your drilling crew, the most cost-effective approach is to purchase kits for these operations. For smaller companies with limited drilling sites and no shale oil operations, however, MWD rental options may make the most sense.
The Speed With Which You Need to Act
If you need rapid response times to take advantage of opportunities, MWD purchases offer flexibility and fast turnaround and delivery for your kits and equipment. Rental kits may require delivery and setup by outside parties. In contrast, purchasing your equipment allows you to act as quickly as possible to ensure the highest degree of production and profitability in the competitive oil and gas industry.
How Much Maintenance You Want to Do
MWD equipment requires regular inspections and maintenance to operate properly. Working with a company that specializes in MWD rental services can help you avoid the necessity of performing these activities. Instead, you can enjoy the benefits of professional maintenance for your equipment from your MWD rental company. This will often allow you to enjoy greater productivity and the best performance from your equipment in the field.
At MWD Supply, we offer rental and purchase options for MWD products. Our team has the expertise and the experience needed to support your drilling operations and your ongoing production. Whether you need rental kits for short-term needs or purchase and training options for your oil and gas company, our team will work with you to provide the solutions you need. Call MWD Supply today at 281-664-0196 to request a quote or to discuss your requirements with our MWD technicians. We look forward to the opportunity to serve you.