How leasing is better than buying, for the company that leases anyway...
According to Brown and Broeske's book Howard Hughes: The Untold Story, the men refused to sell their drill, known as the "rollerbit". Instead, the men formed a company known as the Sharp-Hughes Tool Company and leased the drill for $30,000 per well to oil explorers, such as Standard Oil. Within a short period of time, Howard Sr. and his partner become two of the wealthiest men in the country. Howard Sr. was finally able to fulfill his dream of being able to give his family anything they wanted.
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