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 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…
Water hauling has become a common and lucrative profession in the oil and gas industry, playing a crucial role in oilfield service providers’ daily operations. Whether transporting fresh water, produced water, or flowback water, professional water haulers are essential for oil and gas exploration across the United States. For trucking professionals looking to haul water…
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 when 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…
Working in the oil and gas extraction industry presents a level of risk far beyond that of most occupations. Whether you’re involved in gas well drilling, servicing operations, or hauling water to remote rigs, the potential hazards are significant. According to the Occupational Safety and Health Administration (OSHA), 823 workers were killed on the job…
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 that want to decrease our dependence on the Middle East. However, equipment like pumps,…
