With the commercialization of horizontal drilling techniques and hydraulic fracturing, North Dakota’s Bakken Formation has quickly become one of the United States’ largest oil producing areas, second only to Texas. At over 200,000 square miles, the Bakken Formation stretches from North Dakota into Montana and Canada. Originally estimated to contain up to 4.3 billion barrels of recoverable crude oil, the US Geological Survey in 2013 revised their estimate of recoverable oil upward to 7.4 billion barrels.

The resultant oil boom has transformed much of western North Dakota and allowed the state to boast one of the lowest unemployment rates in the country. Even in the currently volatile oil markets, over 900,000 barrels of oil are still being pumped out of North Dakota every day.

Oilfield Factoring in North Dakota

Oilfield Factoring services many clients in North Dakota, providing timely solutions to their oilfield invoice factoring needs. Our clients are all over North Dakota; based out of Williston, New Town, Killdeer, Dickinson, Stanley, Watford City, Fort Berthold Reservation, and more. We have worked with and built good relationships with many of the oil and gas companies in North Dakota. This large footprint gives our clients peace of mind that Oilfield Factoring has the expertise to provide excellent service and smooth funding no matter where you are working or who you are working for.

We Work With Your Customers

Our years of experience working with the oil and gas industry means we have relationships with many of the major companies developing the Bakken and Three Forks Formations. We know their payment systems, their payment schedules, and apply that knowledge to better serve our clients and their oilfield factoring needs. This is an industry we have supported even in volatile times, and will continue to support in the future.