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…
