Oilfield equipment rentals on the rise
CUERO – Business started to pick up for Polly and Kirk Laging, owners of Certified Oilfield Rentals Inc., in November.
The Cuero-based business rents surface oil field equipment all over Texas including on-site offices and living quarters, water and septic systems, light plants, generators, cooling trailers, trash trailers and more.
This time last year, about 30 percent of their rental equipment was on drilling sites, and now close to 70 percent of equipment is rented.
“We’re on a steady increase right now,” Kirk Laging said. “It’s significant compared to what it was this time last year. Our employees, they were hardly getting their hours or making any over time. This time around, the guys are happier because they’re now back on making over time.”
With about 80 active rigs in the Eagle Ford Shale and the price of oil per barrel steadily staying above $50, oil field service and rental companies are seeing an increase in business, said Omar Garcia, South Texas Energy and Economic Roundtable president.
Business is booming for the Lagings in the Permian Basin and is steady and increasing in the Eagle Ford Shale. It is more economically sound to drill in the Permian Basin than the Eagle Ford Shale.
Written by Kathryn Cargo