Tactics To Use When Looking For Used Drill Pipe For Sale

Used drill pipe for sale are everywhere. Companies that work in the oilfield are constantly starting up or shutting down, or may be looking to liquid some of the drill pipe stock that they have after a job is finished. For a company that is looking to acquire oilfield piping, there are a number of options available, from private sales to drilling equipment auctions. While there are no hard and fast rules when it comes to getting used drill pipe for sale, there are a number of standard tactics that can be employed.

First, consider going to the source if you are looking for a private sale of oilfield piping. Find managers that are actually working on a job or have just shut one down in your area, and ask about the pipe they are using. Even if they are not currently selling their drill pipe, they may know of someone who is, and may be able to provide advice on your best bet for finding equipment that is both well priced and has not seen too much hard use. It is always worth trying to speak with another company or firm directly in order to negotiate a sale, as costs of shipping can often be lower than when pipe is bought at an auction or closure sale.

Drilling equipment auctions can also be a good way to get used equipment, but finding drill pipe for sale this way requires that you are more cautious in your approach. Each auction provider will handle their equipment sales differently, and may allow to you inspect the equipment before a sale, or may not allow you access to it at all. If possible, examine what is for sale and bid cautiously, especially if the price starts well above the reserve. With cautious bidding, a company can find great deals at an auction house on pipe that still has a great deal of life left in it.

The used drilling equipment market is substantial, and by being observant and careful when looking for used piping, a company can come away with a great purchase.

Marylou Provenza is the author of this article on Workover Rigs. Find more information, about Pump Jacks For Sale here.