(NewsNation) — Greg Hulett isn’t the primary to look out over the Texas oil fields and see greenback indicators, however he constructed a $15 million enterprise maintaining the drilling rigs well-oiled machines.
A diesel mechanic by commerce, Hulett is the individual whom firms name when their oil rigs break down. Because the CEO and president of Mid South Engine & Energy Programs, the mechanic turned repairing diesel engines right into a million-dollar enterprise.
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Hulett was featured on the CNBC tv collection “Blue Collar Millionaires” for his profession and skill to make thousands and thousands repairing drilling rigs. Relying on the harm that wants repairing, he defined that the minimal restore prices are estimated at round $65,000 to a most of about $110,000.
The mechanic advised NewsNation that when he was 20 years previous, he knew he needed to work on heavy gear diesel engines, and he knew he needed to stay in Texas. After he completed college in Oklahoma, Hulett ventured right down to the Lone Star State, the place he discovered a job exterior of Dallas and started working.
Hulett began his enterprise in 1986 with only a used pickup truck, his ability and a canine by his aspect. He mentioned his objective was to make cash and get wealthy. How was he going to try this? He mentioned he had no thought.
“My intent all alongside was to work as laborious as I may and make as a lot cash as I may make,” Hulett mentioned.
At the start of his profession, he labored 16 hours a day, seven days per week. However then he noticed large potential in drilling rigs and oil fields.
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“I may see some huge cash engaged on drilling rigs and oil fields,” he mentioned. “We chased that cash.”
The trade turned worthwhile instantly.
“I’ve been very blessed, very lucky. I’ve made loads of good selections and labored actually laborious,” Hulett mentioned.
