Put in your hours, your labor rate, your rig rate and your per diem. It shows what the day, the week, the month and the year come to, and how much of that is your time versus your equipment.
Gross
The split, per week
The rig portion is rental income on your equipment rather than pay for your time, and per diem is a reimbursement. Those three buckets get treated differently, which is why RigTicket keeps them apart on the ticket instead of adding them up into one number.
Most rig welding work is quoted as an hourly labor rate plus an hourly rig rate, with per diem added for every day you are out. The labor rate covers you. The rig rate covers the truck, the machine, the leads, the fuel, the consumables you burn and the maintenance nobody sees. Per diem covers food and a bed.
A common Permian setup is $45 labor plus $55 rig on twelve hour days with $150 per diem, which is where the calculator starts. Rates move with the basin, the customer and how far out the work is, so put your own numbers in.
Those three pieces are not the same kind of money. The rig portion is rent on equipment you own. Per diem is a reimbursement. Only the labor portion is pay for your time. Lumping them into one number on an invoice makes the whole amount look like earnings, and your tax preparer then has no way to separate them without going back through a season of tickets.
Keep them on separate lines from the start. That is the whole reason RigTicket carries a category on every rate line and totals them separately at year end. It is a record of what you billed, not tax advice, and how the rig portion gets treated is a conversation for your CPA.
Rates that only cover working hours leave money on the table. Standby, travel days and shop time are worth agreeing on before the first ticket, and worth their own line when they happen. A ticket that shows six hours of standby at an agreed rate gets paid. One that buries it in the labor hours gets questioned.