There is no way that a rig that has a total capital cost of $4M...

  1. 1,491 Posts.
    lightbulb Created with Sketch. 16
    There is no way that a rig that has a total capital cost of $4M creates $5.5M of revenue in one year. Companies would just buy all of their rigs instead of using service organizations if those were the numbers.

    Are the capital expenditures you are referring to either repairs or upgrades to the rig?
 
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