Owner Operator Oilfield

Discussion in 'Ask An Owner Operator' started by Oilfieldtrucker82, May 22, 2012.

  1. May 22, 2012 #1
    Oilfieldtrucker82

    Oilfieldtrucker82 Bobtail Member

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    Jan 23, 2012
    0
    I currently have an opportunity to get into operating and owning my own truck. I am working for another owner operator and have been in this business for 10 years. Truck makes 100.00 plus 18 percent FSC. Average week is about 80 hours but sometimes I see 115 hours. Alot of it is location time, so not alot of fuel is used. I would need to go in debt about 100,000 dollars to get truck, trailer and pump. Do y'all think it is worth it at that hourly rate? Would I be able to pay my debt back quickly?
     
    Oilfieldtrucker82, May 22, 2012
    Oilfieldtrucker82, May 22, 2012
    #1
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  3. May 22, 2012 #2
    Oilfieldtrucker82

    Oilfieldtrucker82 Bobtail Member

    19
    3
    Jan 23, 2012
    0
    Anyone out there? Just looking for advice!
     
    Oilfieldtrucker82, May 22, 2012
    Oilfieldtrucker82, May 22, 2012
    #2
  4. May 23, 2012 #3
    Licensed to kill

    Licensed to kill Heavy Load Member

    830
    2,435
    Dec 31, 2010
    Alberta
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    I don't know where you are at but in Alberta, oil companies typically pay in 90 days so check that out. It can be expensive to cover expenses IE truck payment, fuel, insurance, living expenses ETC for 90 days before the first check comes in. Also, check out what kind of safety program the companies you will be working for expect you to have. Some can be expensive to set up and implement and are very time consuming to administer.
     
    Licensed to kill, May 23, 2012
    Licensed to kill, May 23, 2012
    #3
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