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 1940-50’s, to the frac boom of the late 1990’s, Midland-Odessa has been a major protagonist in the story of American oil production.

Texas based, Business Finance Solutions has been financing oil and gas service companies, oil and gas production companies, offshore oil and gas companies, materials companies, and oil and gas production companies since 1994. Our finance experts have worked with oil and gas companies in Houston, Dallas, Lafayette, Lake Charles, Oklahoma, and Midland-Odessa, as well as other major oil and gas producing areas.

We have helped hundreds of small and lower middle-market companies with equity, senior debt, mezzanine debt, and combinations of debt and equity. We are good at what we do and specialize in helping hard to finance companies.

Are you an oil and gas exploration or service company looking to grow?  Do you needs equipment finance, working capital, growth capital, or the funds to acquire another company, or perhaps an infusion of safety cash? Then you need to speak with one of our oil and gas finance experts. Business Finance Solutions can help you! Give us a call at 512-990-8756.

Midland-Odessa and the Permian Basin: The Heart of Oil and Gas Exploration and Production in the U.S.

Midland Texas an economic oasis in the middle of West Texas.

The Midland Texas Skyline is an economic oasis in the middle of West Texas.

The Permian Basin, and its two largest cities, Midland (Midland County) and Odessa (Ector County) are producing more crude oil for the United States than any other part of the country. The map below shows the enormity of the oil play.

The entire basin is 250 miles wide by 300 miles tall. The Permian Basin has produced over 30 billion barrels of oil in its 100-year life and 75 trillion cubic feet of gas. It is currently the second largest oilfield in the world. Some experts believe the Permian Basin has over 150 billion barrels of recoverable reserve left.

Midland and Odessa are each about the same size. Both have populations of about 180,000 and each is headquarters to many small and mid-sized companies that provide services to the oil and gas industry.

At any given intersection in either Midland or Odessa, you can see a half dozen pneumatic trucks that haul fracking sand or provide pressure pumping services waiting on lights to change. Pipe yards and material suppliers line major highways and industrial complexes.

Source: Natural Gas Intelligence. Map of Texas and New Mexico Counties of the Permian Basin. Midland-Odessa is at the city.

Source: Natural Gas Intelligence. Map of Texas and New Mexico Counties of the Permian Basin. Midland-Odessa is the combined two cities where most of the activity originates.

According to the Baker Hughes Rig Report, as of August 25, 2017, there were 920 oil and gas drilling rigs operating in the U.S. Approximately 1/3 of them were drilling in the Permian Basin. The U.S. government Energy Industry Administration which keeps track of production statistics indicates that as of August 2017, the Midland-Odessa region is producing approximately 2,600,000 barrels of oil per day. The average well produces 595 barrels per day. The Permian region produces a fair amount of natural gas as well.

Types of Oil and Gas Companies we Finance

This is a partial list of the types of companies we work with on a daily basis in the Midland-Odessa area.

Oil and gas exploration and ProductionOil and gas service companiesOil and gas material suppliers
Oil and gas pipeline constructionOil and gas chemicalOil and gas wireline and slick line
Oil and gas coiled tubingOil and gas drillingOil and gas workover
Oil and gas analytical testing labsMachine shopsTrucking and transportation
Crude oil transloadingPipeline service and constructionPipeline integrity
Equipment rentalMetal fabricationEquipment repair
Security and gate guard serviceWorkover crewsSCADA and remote monitoring
Fracking sand and proppantsElectrical submersible pumpsEnvironmental reclamation
Rig and equipment washingWell bore cementingCasing work
Plug and abandonmentWell site workAggregates and road base
Solids controlSafety consultingSalt water disposal wells

List of Texas Counties in the Permian Basin

Jeff DavisKentKing
TerryTom GreenUpton

New Mexico Counties in the Permian Basin

There are three large New Mexican counties that are part of the Permian Basin. They are Chavez, Eddy, and Lea.

If you have an oil and gas service or exploration company that needs growth capital, or funds to acquire another company, or expand a product line, call us at 512-990-8756.  We speak your language!