BELOW SUPERNAV drop zone ⇩

Texas man makes millions repairing oil rigs

  • Greg Hulett turned repairing diesel engines into a million-dollar business
  • Started business with a used pickup truck, his skill and dog by his side
  • Hulett: 'I've made a lot of good decisions and worked really hard'

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

maylen

https://digital-stage.newsnationnow.com/

AUTO TEST CUSTOM HTML 20241114185800

AUTO TEST CUSTOM HTML 20241115200405

AUTO TEST CUSTOM HTML 20241118165728

AUTO TEST CUSTOM HTML 20241118184948

(NewsNation) — Greg Hulett isn’t the first to look out over the Texas oil fields and see dollar signs, but he built a $15 million business keeping the drilling rigs well-oiled machines.

A diesel mechanic by trade, Hulett is the person whom companies call when their oil rigs break down. As the CEO and president of Mid South Engine & Power Systems, the mechanic turned repairing diesel engines into a million-dollar business.

Chris Cuomo brought on a “Dirty Jobs” host Mike Rowe for a special edition of [CUOMO] focused on elevating and encouraging blue-collar jobs. Watch the full episode here.

Hulett was featured on the CNBC television series “Blue Collar Millionaires” for his career and ability to make millions repairing drilling rigs. Depending on the damage that needs repairing, he explained that the minimum repair costs are estimated at around $65,000 to a maximum of about $110,000.

The mechanic told NewsNation that when he was 20 years old, he knew he wanted to work on heavy equipment diesel engines, and he knew he wanted to live in Texas. After he finished school in Oklahoma, Hulett ventured down to the Lone Star State, where he found a job outside of Dallas and got to work.

Hulett started his business in 1986 with just a used pickup truck, his skill and a dog by his side. He said his goal was to make money and get rich. How was he going to do that? He said he had no idea.

“My intent all along was to work as hard as I could and make as much money as I could make,” Hulett said.

At the beginning of his career, he worked 16 hours a day, seven days a week. But then he saw tremendous potential in drilling rigs and oil fields.

Trading Up

More on the trade economy

Read more perspectives on this story

“I could see a lot of money working on drilling rigs and oil fields,” he said. “We chased that money.”

The industry became profitable right away.

“I’ve been very blessed, very fortunate. I’ve made a lot of good decisions and worked really hard,” Hulett said.

Business

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

AUTO TEST CUSTOM HTML 20241119133138

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Sunny

la

62°F Sunny Feels like 62°
Wind
0 mph WSW
Humidity
32%
Sunrise
Sunset

Tonight

A few passing clouds. Low 47F. Winds light and variable.
47°F A few passing clouds. Low 47F. Winds light and variable.
Wind
2 mph NNE
Precip
10%
Sunset
Moon Phase
Waning Gibbous