NOV TDS-11SA Top Drive Financing

Permian Basin spreads running multi-well pads demand a top drive that can hold up through back-to-back connections without a trip to the rack. The NOV TDS-11SA has earned its place on that short list. With a continuous torque rating around 37,500 ft-lbs and a maximum torque near 63,000 ft-lbs, it handles vertical drilling and directional work across the weight classes operators are running today in the Midland and Delaware sub-basins.

Our financing covers the TDS-11SA whether you are buying new, purchasing a yard unit coming off a rig refurb, or acquiring one mid-lease from another operator. We work with NOV equipment buyers on structures that match how the spread is contracted, not how a bank wants to see it on paper. Minimum transaction is $50,000, and the sweet spot for most top drive deals falls between $100,000 and $250,000 depending on configuration and condition.

If you are fielding a rig in a basin where pad counts are climbing and day rates justify the iron, slow financing is a real cost. We close most transactions in field-ticket review after a completed application.

What the TDS-11SA Is Built For

The TDS-11SA is NOV's workhorse AC top drive for land drilling applications. The unit operates on an AC motor platform that lets drillers use variable frequency drives to precisely control rotation speed, which matters on deviated wells where torque management in the lateral section determines how far you can push the bit before you have to back off. The system's integrated pipe handler reduces manual connection time and improves safety metrics on busy pads where every trip is watched.

Rated to 500 tons, the TDS-11SA fits comfortably on rigs ranging from 1,000 to 1,500 horsepower. That capacity range covers the majority of land rigs active across the Williston, DJ, and Permian basins today. Operators also use this unit in the Haynesville and Eagle Ford for natural gas and condensate targets where formation pressures require the torque reserve the TDS-11SA carries.

Used units vary in condition depending on maintenance history, connector wear, and whether the previous operator kept up with NOV's recommended service intervals on the swivel and motor. We finance both refurbished and as-is units, and we factor the yard inspection into the collateral conversation rather than treating a field-ready used unit the same as scrap value.

Buyers sourcing a TDS-11SA should also consider pairing it with a compatible mud pump package if the receiving rig needs a full surface upgrade. We can structure both in a single facility.

How We Structure TDS-11SA Financing

Most top drive transactions go through a standard equipment loan or a term equipment lease. The loan path gives you ownership from day one, which matters if you plan to move the unit between rigs or have it on a long-term contract where the customer wants to see you hold the asset. The lease path preserves cash and keeps the unit off the liability side of the balance sheet, which some operators prefer when utilization isn't guaranteed past the current contract.

Short-form approval is available up to roughly $400,000, which covers most single-unit TDS-11SA acquisitions in the used market. Above that threshold, three months of bank statements and basic financials move the file forward efficiently. We do not require audited financials for mid-market deals, and we have lender relationships that consider B and C credit profiles as long as the collateral is sound and the cash flow story holds up.

Sale-leaseback is another path worth knowing if you already own a TDS-11SA free and clear. We can buy the unit from you at a fair market value, put cash in your account, and lease it back on terms that let you keep running it. That structure is common when operators need growth capital tied up in iron they cannot afford to idle.

Who Typically Finances a TDS-11SA

Independent drilling contractors represent the core buyer for TDS-11SA financing. Many are adding a second or third rig to a spread and need the top drive to match the rig class without tying up all their working capital. Others are taking over a rig package from a larger driller that downsized during a down cycle and need financing to clean up the acquisition.

Oilfield rental companies are another active buyer type. A rental TDS-11SA generates day-rate income from multiple clients over its service life, which is a straightforward cash flow narrative for underwriting. If your rental book already has contracts in place, that documentation helps close the file faster.

New businesses in the drilling sector face a tighter path but not a closed one. Our startup financing program for oilfield equipment considers the owner's personal credit, the strength of the contracts on hand, and the collateral value of the unit itself. Deals close on that basis regularly.

New Unit vs. Refurbished TDS-11SA: Financing Differences

New TDS-11SA units purchased through NOV's distribution network carry the full factory warranty and command the highest purchase prices. Financing terms on new units typically run five to seven years at fixed rates, and lender appetites are generally stronger because the collateral risk is well understood. The trade-off is the higher monthly payment.

Refurbished units from rig contractors, drilling companies, or oilfield surplus yards come at a discount that can be significant depending on the unit's service history and configuration. Our used equipment financing program handles these transactions with rates and terms calibrated to the condition grade and remaining service life. A yard unit with documented NOV service history, fresh seals, and a working pipe handler can often be financed on terms close to new.

The key difference in the underwriting is inspection. We recommend a third-party inspection on used top drives above $75,000 to establish condition and verify motor output. That report protects both sides and generally speeds up the approval rather than slowing it.

Get a Quote on TDS-11SA Financing

Tell us the unit configuration, your acquisition source, and the timeline you are working against. We will structure a financing option that keeps your rig moving. Minimum deal size is $50,000, and we close after field-ticket and lien review.