How to Find a Contractor to Drill for Oil
A drilling contractor is a specialized type of construction company that deals with drilling. Drilling contractors further differentiate themselves by selecting specific types of jobs. Some contractors drill water wells while others drill for natural resources like oil. If looking for someone to drill for oil, it is necessary to obtain a drilling contractor, but it can be difficult to know where to look for someone with such a specialized focus.
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Instructions
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Prepare a description for the drilling job. Provide any information about the location and any background about the contents of the ground. Be sure to include whatever evidence has led to the decision to drill. If any work has already been done on the land, such as preliminary drilling or surveying, be sure to include this.
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Examine what savings have been accumulated for the project. Determine how much of these savings can be used to pay the contractor and have a figure in mind.
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Determine when the desired start date the job will be and if there will be any deadline for completion.
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Navigate to the Blue Book of Construction contractor finding website (see resources).
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Select the area of the proposed drilling site from the drop down menu and left-click "show companies."
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Find the yellow bar that runs across the search results page. Use the drop down menu to change from the front page of results to the first page of alphabetical listings.
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Take some time and peruse the available profiles for the companies that are returned in the results. There may be several pages to look through.
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Click the boxes in the column with the envelope for the contractors you want to receive bids from.
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Click "send an invitation to bid" once finished browsing the companies. Complete the form provided to initiate talks with drilling contractors.
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Examine the bids received. The bids should detail the proposed size of the hole for the job, what type of casting will be used, any guarantees on workmanship, and an itemized list of costs. If any of this information is missing, consider throwing out the bid.
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Interview any contractors whose bids warrant further contact. Ask them for references and if they can provide proof that they are licensed to work in the state where the drilling will be completed. Ask about what equipment they will use and inquire about its condition. Inquire about what type of liability insurance the contractor has and if its liable to protect the owner of the drill site.
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Tips & Warnings
Never base the decision for which drilling contractor to hire solely upon price. Other factors like reputation, condition of equipment, experience, and insurance coverage are equally important.
