2013 HDD Machine industry insight 12-Contractor’s purchase intention for drilling rigs

Date: 20200722

The contractor’s purchase intention in 2013 (see Figure 12) more truly reflects the interest in various types of drilling rigs. Only 40.1% of contractors said they would purchase small drilling rigs in 2013. Of course, these contractors will purchase multiple drilling rigs, or small drilling rigs account for approximately 52.2% of all rigs. 49% of contractors will invest in medium-sized rigs, that is, the proportion of medium-sized rigs is 36.8%. 10.9% of contractors plan to add large rigs, that is, large rigs will account for 11%. In total, approximately 62% of horizontal directional drilling rig owners plan to purchase at least one drilling rig in 2013.

Another indicator of the strength of the horizontal directional drilling market is the number of rigs owned. For contractors who mainly operate small drilling rigs, the average number of rigs owned by each company is 3.7; for contractors who have both small and medium-sized drilling rigs, the average number of medium-sized drilling rigs is 1.8; The contractor of the drilling rig generally owns 2.4 drilling rigs.

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