by Sam Thacker | Aug 28, 2017 | Blog, Construction Financing, Oil and Gas Production Financing, Oil Field Equipment Finance, Oilfield Services, Permian Basin TX
Our Long History in Oil and Gas Financing The history and folklore of American oil and gas production is closely related to the history of Midland-Odessa. From the first traditional oil wells drilled in the Permian Basin in the 1920, to the wildcat era of the... 
by Sam Thacker | Dec 7, 2016 | Best of Sam Thacker, Blog, Eagle Ford Shale, Oil and Gas Production Financing, Oil Field Equipment Finance, Oilfield Services, Permian Basin TX
When OPEC met last on November 30, 2016, the cartel reached a tentative agreement to reduce crude oil production by 1.2 million barrels a day. The optimism generated by the hope of that agreement drove the price of oil from the mid $40s to above $50 a barrel. That 18%... 
by Sam Thacker | Aug 6, 2015 | Blog, Manufacturing, Oilfield Services, Permian Basin TX, Small Business Loans
Small Business Investment Companies (SBIC) were created by Congress in 1958 to ensure that small and lower middle-market companies have access to long-term capital. Many business owners and even most bankers don’t know the program exists or how it can benefit a... 
by Sam Thacker | Apr 28, 2015 | Eagle Ford Shale, Oil Field Equipment Finance, Oilfield Services, Permian Basin TX
From exploration to completion Video (1 minute 47 second) This short video shows a time lapse depiction of the process of a typical Eagle Ford Shale well. Texas oil and gas exploration crews are greatly reducing the time it takes to get a well drilled, fracked, and... 
by Sam Thacker | May 3, 2014 | Eagle Ford Shale, Oil Field Equipment Finance, Oilfield Services, Permian Basin TX
Texas oil and gas production could last decades Texas oil and gas production could last for decades. No one really knows for sure but many experts believe it could last for decades. According to a TIME Magazine article, “For all the attention paid to the Bakken... by Francoise.Luca | Sep 25, 2013 | Eagle Ford Shale, Oil Field Equipment Finance, Oilfield Services, Permian Basin TX
Just a few weeks ago, I traveled south on IH35 from Austin to Laredo to visit a client. As usual the highway was busy with commuters, trucks and other commercial traffic. After all, Interstate Highway 35 runs 1,568 miles from Laredo, TX to Duluth, MN, and is the most...