While not as prolific as their Texas and North Dakota cousins, the last decade has brought a huge amount of growth to the various shale plays in the Rocky Mountains – Niobrara and Denver-Julesburg Basins in Colorado, Powder River in Wyoming, and other various formations scattered throughout the Rocky Mountain region. The production increase has been so prolific, in fact, that in 2018 the Niobrara Formation was expected to be the second highest growth shale basin in the US.
Oilfield Factoring In the Rockies
While the geology of the Rocky Mountains can make oil and gas production more challenging, the same horizontal fracturing techniques that have unlocked many of the shale plays across the rest of the United States have resulted in an oil boom in the Rockies as well. And, with breakeven prices for more than three-quarters of the wells in the D-J Niobrara below the long-term oil price forecast, the opportunities for growth in this region are truly awesome.
Oilfield invoice factoring is a fantastic tool for enabling a company to harness these growth opportunities for themselves. Having instant access to capital trapped in aging invoices can allow a company to grow without fear of bottlenecking themselves with long payment terms.
The Oilfield Factoring Expertise Your Company Needs
The oilfield is a complicated place with a lot of moving parts. Your business needs an invoice factoring company with experience successfully navigating those complications and providing excellent value to their clients. Integrity Oilfield Factoring is that company.
Our extensive background in oil and gas funding enables us to provide a level of service to our clients that they can’t get from other factoring companies. Whether it is a great working relationship with many of the major players in the oil patch, a deep understanding of the work involved to extract oil and gas, or simply a comfort level with the payment processes and terms commonly found in the oilfield, working with a factoring company like Integrity Oilfield Factoring will enable your company to grow like never before.
“The Rocky Mountain region is home to a lot of oilfields
that we at Oilfield Factoring believe have great potential. We are very excited to offer our factoring services to the hard-working oil and gas service companies in these areas and help them maximize their growth”
– Jens Schkade, Owner Oilfield Factoring