Oilfield Loans Blog
Afraid to Ask for Working Capital in Rough Economic Times?
We've experienced tough economic times long enough that we need to accept it as normal, permanent or not. This means we need to be strict about all of our expenses and purchases. It also means we need to monitor cash flow.
What Are the Different Types of Loans and Financing Available?
Signs show small businesses loans from banks are slowly increasing. According to data from Thomson Reuters/PayNet lending index, small business loans have climbed to a three-year high of 18%. Yet, a study from Pepperdine University found that 60% of small businesses failed to get loans.
Financial and Business Resources for Oilfield Services Companies
This list saves you time in muddling through the many oil and gas industry, business and financing resources. Rather than being an all-inclusive list, this provides reliable resources that don't have the garbage you find on some of the spam sites.
Will OPEC Dissolve by 2040?
Since peaking in 2005, U.S. oil imports have fallen according to Outlook for Energy from ExxonMobil. This could be a sign that US dependence on foreign oil could dwindle by 2040. By then, ExxonMobil expects most of the oil to come from U.S. natural gas production, Canada and Mexico.
Key points from ExxonMobil's 2012 Outlook for Energy:
Manage Cash Flow: Top 10 Posts of 2011
Even if your business had the same amount or more work this year despite the tough economy, it may have struggled to get paid. Nothing else matters when you don't have enough cash flow. It doesn't matter that you have more customers than ever. It doesn't matter that you have bigger projects or contracts. What does matter is having cash when you need it.
The following 10 articles tell you almost everything you need to know to ensure you reach and maintain cash flow Zen.
The Only Law You Should Follow When It Comes to Customers
How much does it cost to find new customers? How much revenue, on average, will your business see when it retains a customer for another month? Six months? Every month you retain a customer is pure profit as you have already paid off acquisition costs.
Customer Math
Let's do the math.
5 Laws for Healthy Cash Flow
A company needs cash to stay in business. A company needs cash to grow. A company needs cash to compete. A company can look good on paper, and yet not have enough cash to make it through the next month. Hence, the importance of balancing cash flow.
EPA report on WY water doesn't end fracking debate
By Mead Gruver, Associated Press
CHEYENNE, Wyo. – CHEYENNE, Wyo. (AP) — The U.S. Environmental Protection Agency announced Thursday for the first time that fracking — a controversial method of improving the productivity of oil and gas wells — may be to blame for causing groundwater pollution.
Study Says Shale Gas Has Big Impact on Economy
A new study says shale gas is one of the top drivers for job creation, lowered natural gas and electricity costs, economic growth and increased tax revenue at the federal, state and local levels. In the next four years, shale gas production will add 870,000 jobs and contribute $118 billion to the economy according to "The Economic and Employment Contributions of Shale Gas in the United States" from IHS Global Insight.
Ready for a Clean Start in the New Year?
College students who choose a cheaper school over an expensive private one will start life after college with little or no debt and less stress. Companies need to do the same. Businesses with excess are like college graduates with big student loans. Regardless of the results you saw in 2011, you can start the New Year with as few burdens as possible.
Hear what our oilfield clients sayWhat Our Clients Are Saying
- Brenda and Mark Neufeld,In our very first conversation I noticed that you not only understood our situation, but also the Oil & Gas trade. Capital Solutions has been an invaluable help... We have grown our business exponentially thanks to you. I can now probably qualify for a traditional line of credit (...but I'm not sure I want to).
B.N.M. Piloting Services
- George Del Toro,We were funded [in 10 days] (the approval process was very smooth). The way I spend my time has changed dramatically since then. I can spend as much time as I need visiting with customers and out on the field... In closing I would like to tell you that Capital Solutions has made it possible for GDT Well Service, Inc. to triple (300%) its business in the last year, without any of the "growing pains".
GDT Well Service
- Keri Gray,The HUGE difference I found since we are working with you... is in the day-to-day life... Since Capital Solutions is funding us there is no "fear"... when I talk to a vendor or need to make payroll. You guys have also bent over backwards... to make it work for us. I really appreciate that.
Energy Services