Drill pipe is an essential accessory for drilling contractors, however, the cost of drill pipe varies depending on a range of factors. The type and quality of the drill pipe will affect the cost, with higher quality, more durable drill pipes costing more. The complexity of the job can also be a factor, as more complex jobs may require more expensive drill pipes to ensure the job is completed safely and to the highest standard. Additionally, the location and service provider can affect the cost of drill pipe, as the cost of living and wages can vary significantly from region to region. On average, the cost of drill pipe for a drilling contractor in 2023 can range from $50 to $150 per hour, depending on the factors mentioned above.

When it comes to the cost breakdown, the cost of the drill pipe itself is usually the largest expense. This is followed by the cost of the labour, which will vary depending on the complexity of the job and the experience of the service provider. Other costs to consider include transportation and installation fees. Depending on the job, there may also be additional costs for safety equipment and materials.

In order to get the best value for money when it comes to drill pipe, it is important to do research into the different types of drill pipe available and compare prices from different service providers. It is also important to consider the quality of the drill pipe and the complexity of the job, to ensure that the drill pipe is suitable for the job and that the cost is not too high.