Since 2007 Oilfield Factoring has been offering oil and gas service companies with an alternative to conventional bank financing. Since many of these institutions require strict terms and excellent credit, we’ve stepped up, funding hundreds of millions of dollars in invoices for our oil and gas clients from water haulers to fac sand trucks to…
Invoice factoring is a unique form of financing that businesses depend on for consistent, working cash flow in the oil and gas industry. As owners and operators explore this option, they often wonder if they qualify for invoice factoring services. That’s why Oilfield Factoring would like to provide you with some standard information concerning the…
Service companies in the oilfield industry need money to operate. From payroll to supplies to daily business expenses, having cash on hand is extremely necessary. However, consistent cash flow can be tricky when you have clients with extended payment terms. That’s why Oilfield Factoring would like to provide you with the following financing options for…
Most subcontractors in the oilfield industry have enjoyed and taken advantage of steady workflow over the past few years. However, it can be hard to have to wait 30-60 days for payment from your customers. This creates a unique challenge for subcontractors, who don’t have the time and resources to wait that long to get…
Over the past decade, the oilfield industry has grown tremendously. In turn, this growth has increased the demand for oilfield service companies like water haulers, mud haulers, gravel haulers, pipe haulers, and more. However, this increase in demand has brought with it certain problems for companies who aren’t financially prepared to manage the necessary cash…
Oilfield Factoring: Over the past decade, the oil and gas industry has rapidly grown. In fact, many individuals are capitalizing on this opportunity by starting new service businesses such as water haulers, equipment haulers, roustabouts, welders, and more. However, starting and growing a new business in the oilfield industry isn’t easy. While many individuals have…
No matter what industry you’re in, a company needs cash to operate. Cash is what powers business operations. Invoice factoring for oilfield contractors is a financial option used by many in the service industry to keep their company running at full potential. That’s why Oilfield Factoring would like to provide you with the following information…
Oilfield Factoring The oilfield industry is a booming nationwide. Whether your a service company that operates in Texas or North Dakota, you may be working hard to get the equipment you need to meet rising demands. Things like trucks, pumps, sprayers, welding equipment, and other assets can cost hundreds of thousands of dollars. That’s why…
Oilfield factoring is a financial transaction in which water haulers, rig movers, hotshots, roustabouts, welders, and more sell their invoices to a third-party factoring company. Texas and North Dakota factoring companies then collect payment on these invoices from your customers. Factoring is also known as “accounts receivable financing.” One of the biggest reasons oilfield service…
Oilfield Factoring Many experienced oilfield workers have the dream of running their own service company. While starting a new business can be an exciting venture, it can also be very difficult. There are a wide variety of challenges that require plenty of preparation and planning ahead. That’s why Oilfield Factoring would like to provide you…
Oilfield industry demands for frac sand haulers are increasing. While it can be tough to run a business in the oilfield industry due to changing demands and oil prices, there are many benefits to being a frac sand hauler. At Oilfield Factoring, our funding expertise stretches across the entire oil and gas industry. That’s why…
Oilfield Factoring Over the past five years, the domestic oil industry has steadily increased since the 2014-2015 oil slump. In fact, there are hundreds of new oil and gas rigs operating in Texas and North Dakota. What does this mean? It means that the future looks a lot brighter for oil and gas service companies…
Oilfield Factoring Benefits Any welding service company can tell you that everything in the oilfield moves fast. Everything, except payment cycles. Oilfield welding service companies in Texas or North Dakota often wait as long as 60-90 days before they receive payments from their customers. That length of time can make it nearly impossible to manage…
North Dakota Factoring Companies You’ve made a smart decision for your oilfield business by factoring your accounts receivable. If a North Dakota factoring company has accepted your application you may be wondering how to best use the funding you’ve received. Smart use of your new funds can mean the difference between getting all the…
Just as a slow drip of water from a leaky faucet can end up costing you hundreds of dollars each year, the slightest leak in your business can end up costing you thousands of dollars. In the oilfield industry, this is especially true as many businesses lose money without realizing it until it’s too late.…
In the Oilfield industry, cash flow is an important factor that keeps businesses afloat. However, if you find yourself struggling to pay invoices, purchase equipment, and grow your business without adequate cash, it’s important not to throw in the towel. Cash flow problems happen to the best of us. Instead, you can achieve peace of…
In the oilfield industry, water hauling has become a very prevalent and lucrative profession throughout the United States. For trucking professionals seeking a water hauling position, it’s important to consider the following benefits specific to this oilfield service opportunity. Generous Wages Water haulers can expect to make $20 or more per hour, even with little…
As much as we all wish we could, you can’t do everything yourself. This is especially true when it comes to business. While it would be nice to be self-reliant there will come a time where you will need the assistance of subcontractors. Whether you need help with hauling, excavation or project management, hiring reliable…
For those trying to run an oilfield service company, there will be many points along your journey where you will have to address cash flow problems. At Oilfield Factoring, we have funded hundreds of millions of dollars in invoices for our clients. From water haulers to frac sand trucks, pipe welders to roustabouts, we understand…
It doesn’t matter if you’re a water hauler or a rig mover, working in the oilfield is a dangerous job. In fact, according to OSHA, 823 oil and gas extraction workers were killed on the job between 2003-2010. This makes the oilfield job fatality rate 7x greater than all other U.S industries. As a matter…
Over the past couple of years, the rental market for oilfield equipment has grown considerably. In fact, the business of oil drilling is booming worldwide. This is especially true in the U.S as we are one of the largest oil-consuming countries who want to decrease our dependence on the Middle East. However, equipment like pumps,…
Known as a global powerhouse, the oil and gas industry presents a multitude of opportunities for companies who specialize in hauling, moving, cleaning, sandblasting, and more. Understanding how to thrive and succeed, however, not only takes experience and knowledge but qualified guidance as well. Companies that successfully handle the ups and downs of the industry…
At Oil Field Factoring, we enjoy working with clients in the oil and gas industry because they are reliable payers and have excellent commercial credit. However, like any business, they require suppliers to provide them with 30-60 invoice payment terms. This, in turn, can present a serious problem because they don’t have the ability to…
Cash flow is essential to any successful business. At Oilfield Factoring, we are a nationwide oilfield factoring service that understands how insufficient cash flow can hamper the growth of a business to the point of going under. That’s why we provide our clients with the funds they need to stay ahead of the curve with…
It’s been a volatile time in the U.S. oilfield. As recently as October, a litany of analysts and traders and speculators lined up to tell the world exactly when the price of crude oil would break the fabled $100 barrier. Projections differed, but it seemed as though the halcyon days of pre-crash 2014 were not…
It was certainly a good year for U.S. oil companies in 2018. On the strength of surging shale oilfield production, the United States became the world’s largest producer of crude oil. It also became a net oil exporter for the first time in decades. As if that weren’t enough, the United States Geological Survey announced…
The 2018 midterm elections were among the most significant in recent memory. The newest crop of senators, representatives, governors and other officials are likely to shape the direction of local and national politics for years to come. In Colorado, however, one of the most important issues on the ballot wasn’t an elected office at all.…
2018 has been a great year to be in the oilfield. With the recovery and resulting boom in full swing, many oilfield service companies are busier than they have ever been. However, while all industry analysts generally view the next year with optimism, even booming markets face serious challenges. What follows is a roundup of…
The Blockchain Revolution Ask a hundred people about the potential impact of blockchain technology on the oil and gas industry and there are likely to be a hundred different answers. To some, blockchain is a massively disruptive technology that represents the wave of the future. Others view it as little more than an interesting novelty.…
It’s an odd time to be a shale oil producer. On the surface, it appears the stage should be set for production in the Permian and other U.S. basins to surge into a premier market position. After a period of massive global oversupply that sent crude prices tumbling and left the industry in a troubling…
[cherry_row] [cherry_col size_md=”12″] The last several years in North Dakota’s Bakken Formation have been tumultuous to say the least. From an explosive growth in shale oil drilling that quickly turned the area into the United States’ 2nd largest oil producer, to a market collapse in 2014 that saw dozens of producers go bankrupt and oilfield…
When a business looks to partner with a factoring company, much of the focus is inevitably on the cost of the factoring program. This makes sense, a well-run business must account for where every dollar is going to make their operation as efficient as possible. However, though cost is a critical component of a factoring…
It’s been quite a stretch for the oil markets in recent months. After a protracted decline that left markets sagging and producers scrambling for solutions, crude prices have rallied sharply and reached heights not seen in several years. The rapid growth has been driven largely by cuts from OPEC, Russia and other prominent producers, aimed…
Nearing the halfway point of the year, there’s no doubt that 2017 has brought good news for the trucking industry. Oil markets continue to lag behind projections despite cuts from OPEC member nations and other international producers, and abundant national and global supplies have driven down prices at the pump. Changing markets have simultaneously led…
As former President Barack Obama’s final term slowly approached its end, tensions at the Standing Rock Indian Reservation, in Nebraska and elsewhere remained at a low simmer. The administration had successfully blocked completion of both the Keystone XL and Dakota Access Pipeline, but the incoming Donald Trump administration had spent months making the oil infrastructure…
It’s no secret that the oil and gas industry can be a tremendous moneymaking opportunity, but breaking into the industry presents serious challenges. In particular, many industry neophytes struggle to attain the proper financing to get a project off the ground. For newcomers in search of oilfield financing, the last few years have brought mixed…
When word reached the frozen, snow-covered Standing Rock Indian Reservation that the Army Corps of Engineers had ruled against the Dakota Access Pipeline, the throngs of protesters erupted into cheers. However, it didn’t take long for the gathered crowds – a mingling of Native American tribe members and other supporters from across the country –…
It hasn’t been the greatest time to be a player in the oil markets, as excess supply and other regional and global factors have created greater than normal instability. Both Brent and WTI prices have fluctuated considerably throughout the year, though prices have generally remained far lower than in years past. With a turbulent 2016…
It’s no secret that many of the world’s largest economies rely heavily on oil. In little more than a century, petroleum and its various byproducts have risen from humble roots as an intriguing oddity to a behemoth of a commodity that has infiltrated virtually every aspect of daily life. While its uses are many, the…
The oil market has seen its share of volatility over the past several weeks, as uncertainty continues over the looming OPEC meeting on November 30. The meeting, set to take place in Vienna, is widely viewed as a critical step in reviving flagging oil prices and reassuring wavering traders. In the face of lingering questions…
Today professionals in the oil and gas industry often find their business proposals sparking intense debates within Native American tribes. Although tribal governments may welcome the additional revenues and jobs productive wells and pipelines bring, many Native Americans harbor lingering concerns about permanent impacts upon pristine landscapes. Those concerns are only bolstered by environmental groups…
Petroleum is, in many ways, the lifeblood of human civilization. It powers and lubricates the millions of engines that transport people around the world, it contributes to energy generation and it’s a key raw material behind an extraordinary assortment of products ranging from smartphones to false teeth. Unfortunately, obtaining the petroleum needed to do all…
In the rolling, muted prairies that surround the town of Williston, North Dakota, the signs of decline are impossible to miss. Cranes, dozers and all manner of heavy machinery sit idle. Massive oil rigs stand all but abandoned, looming over the landscape like towering memorials to a bygone age. In town, businesses that sprang up…
A multitude of boom towns litters the landscape of Texas, tracing the rising and falling fortunes of the ranching and oil industries upon which so much of the state was built. Nowhere is this more apparent than in the vast Permian Basin, a geological feature that encompasses much of West Texas and contains the second-largest…
Optimism in the Bakken Dickinson N. D. A great hometown welcome from the business community of Dickinson N. D. was extended to exhibitors and patrons for the 2015 Bakken Oil Products and Service Show this year. Despite the declining oil prices, many successful Bakken companies came to present the latest in oilfield technology and services.…
The 2014 Ohio Oil & Gas Association Oilfield Expo was held at the IX Center in Cleveland, OH on December 3rd & 4th. Overall attendance was down to just under 1,000 attendees per the OOGA but Integrity Factoring was still able to have a very successful show. Most companies were very upset with the turnout…
Grand View, ID – December 1st, 2014 – Integrity Factoring & Consulting, Inc., one of the leading providers of factoring services in the oilfield service industry, announces the expansion of its presence into the Texas & New Mexico oilfields. The newest addition to the Integrity Oilfield Factoring team is Sarah Stredic, who is a native…
Grand View, ID – November 17th, 2014 – Integrity Factoring & Consulting, Inc., one of the leading providers of factoring services in the oilfield service industry, announces the expansion of its presence into the Oklahoma & Texas oilfields. The newest addition to the Integrity Oilfield Factoring team is George Alexander, who is a native to…
Grand View, ID – September 22nd, 2014 – Integrity Factoring & Consulting, Inc., one of the leading providers of factoring services in the oilfield service industry & gas-field service industry, announces the expansion of its presence into the Devanian (Ohio), Marcellus & Utica oil & gas fields. The newest addition to the Integrity Oilfield Factoring…
The oil and gas boom in the United States has brought many hardworking Americans in the Marcellus, Devonian, and Utica shales from rags to riches. While some oilfield service companies have begun to take on additional work, add more crews, and buy more equipment, other companies are left waiting for up to 90 days to…
PR Newswire GRAND VIEW, Idaho, Dec. 2, 2014 Integrity Factoring will be attending the 2014 OOGA OILFIELD EXPO and Technical Conference. Kevin Gillespie, Integrity’s Senior Vice President of Business Development will be attending the show and offering their premier, personalized cash flow solutions for oil & gas service companies working in the Devonian, Marcellus & Utica…
