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oilfield contractors use invoice factoring to meet their cash needs

Current Active Drilling Rigs – March 2023

March 26, 2023

Over the past month, oil prices trended downward. On February 24th prices closed at $76.32. Prices hit a high of…

Top Websites for Oilfield Service Companies

September 6, 2022

Owners and operators of oilfield services companies use the internet to stay up to date on industry news, research new…

Active drilling rig in the US

Will high prices at the pump lead to increased U.S. oil and gas production?

March 22, 2022

Maybe. Or, to borrow from some people’s relationship status on Facebook, it’s complicated. Ramping up domestic production can take weeks…

owner of a oilfield service company uses invoice factoring

Tips for Starting an Oilfield Service Company

May 22, 2019

Many experienced oilfield hands have the dream of running their own company. Starting a new oilfield business is an exciting…

Financing options for oilfield service companies

4 Ways to Finance Your Oilfield Service Company

March 12, 2019

Oilfield services companies need cash to operate. Meeting payroll, purchasing supplies, and normal business expenses all require having cash available….

Oilfield contractors benefit from invoice factoring

The Top Benefits of Invoice Factoring for Oilfield Contractors

February 26, 2019

Oilfield contractors and service companies go through cash quickly. Having a source of consistent cash flow is a key element to…

Surviving in the Oilfield Business

October 29, 2018

Working in the oil business is not for everyone. Is there potential for big money? Yes, but not every start-up…

Robots are changing the oilfield and oil rigs

Robots Could Change the Oilfield

September 20, 2018

Robotics and automation will disrupt nearly every industry in the coming years, from customer service to shipping and logistics to…

9 interesting facts about oil

9 Interesting Facts about Oil

August 24, 2018

Oil and oil products are part of everyone’s daily activities. From fuel to cosmetics to appliances, there are thousands of…

survive and thrive in the oil industry

How to Survive and Thrive in the Oil Industry

August 7, 2018

Boom and bust cycles of the oil market create challenges and opportunities for oilfield service companies. Knowing how to survive…