Why Renting Oilfield Equipment Simply Makes Sense
As the global demand for energy grows, so does the oilfield equipment rental industry. According to recent statistics from Oil & Gas Financial Journal, the oilfield equipment market environment is set to grow from $26.8 billion as of 2014 to a staggering $53.7 billion in 2019. While many companies choose to purchase their oilfield equipment outright, a large number of firms rent or lease their equipment. There are several reasons why rentals and leases offer a more...
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