Equify Financial funded a $10.5 million working capital loan for a long-standing customer, an innovative oilfield services provider specializing in logistics. This financing empowers the company to continue its strategic expansion, ensuring its...
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October 24, 2024, 06:53 AM
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First National Capital Corporation (FNCC), a full-service commercial equipment and aviation finance provider, announced the $35,000,000 debt refinance of a growing upstream oil & gas, machining, and forging company.The company had been recovering...
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January 25, 2024, 06:55 AM
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With its September Market Trends Report, Ritchie Bros. takes a deep dive into sales of oil & gas support equipment over the past 20 months (January 2021 – August 2022), including detailed charts breaking down volume, median asset age, and pricing for...
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September 22, 2022, 07:15 AM
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Accord Financial closed a $15 million facility for an oil and gas services company. Its newest client provides transportation, environmental and related services to the Oil and Gas sector. With operations in Alberta and BC, this company, a leader in...
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December 03, 2021, 07:10 AM
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Encina Business Credit, LLC (EBC) announced it has provided a $10 million senior secured credit facility to a leading provider of oilfield equipment and services. The facility consists of a revolving line of credit based on accounts receivable. Loan...
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December 30, 2019, 07:25 AM
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Encina Equipment Finance announced it has provided a $17 million equipment loan to an oil and gas midstream infrastructure company. The loan is being used to fund new equipment purchases.Launched in June 2017, Encina Equipment Finance provides loans...
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September 24, 2019, 07:30 AM
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Stonebriar Commercial Finance announced the closing of a $30 million senior secured term loan facility with a private equity backed oilfield services provider of fluids management, equipment rental and wellsite services to the onshore oil and gas...
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June 25, 2019, 07:19 AM
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Tiger Capital Group announced that it has provided Commander Oilfield Services, LLC (Commander) with a $5 million capital infusion that allows the company to add premium assets and expand its service lines to meet strong customer demand in the...
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August 23, 2018, 07:05 AM
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Great American Capital Partners, LLC (GACP), a wholly owned subsidiary of B. Riley Financial, Inc. has entered into an agreement with Legend Energy Services, LLC to provide a $25 million delayed draw senior secured term loan. Proceeds from the loan...
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May 23, 2017, 07:08 AM
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Lending to the U.S. oil and gas industry is expected to expand in 2017, according to a new report from Haynes and Boone that projects a modestly improved outlook for the sector.In its “Borrowing Base Redeterminations Survey: Spring 2017,” the firm...
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April 06, 2017, 07:12 AM
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GE and Baker Hughes announced that the companies have entered into an agreement to combine GE’s oil and gas business (“GE Oil & Gas”) and Baker Hughes to create a world-leading oilfield technology provider with a unique mix of service and equipment...
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October 31, 2016, 07:15 AM
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Hilco Industrial, a unit of Hilco Global, announced that Bryan Courcier will join the company as a Senior Vice President and key account manager. Mr. Courcier will be based in Denver, Colorado with specific responsibility for business development...
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June 10, 2016, 07:15 AM
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Kruse Energy, an IronPlanet® marketplace, announced a one-day record at its Midland, Texas, auction that drove the company’s gross merchandise volume (GMV) sold to surpass $1.0 billion since mid-2005, when the company was formed. The first day of the...
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March 24, 2016, 07:05 AM
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Fitch Ratings believes asset quality for business development companies (BDCs) could deteriorate further in 2016 following challenging energy performance in 2015, according to Fitch's latest North American Financial Institutions Chart of the Month....
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March 21, 2016, 07:18 AM
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Tiger Liquidity Services Energy Partners announces it will sell equipment from Enseco Services in Casper, Wyo. & Minot, N.D. during a March 22nd online sale; bidding opens March 16th.By order of the court appointed receiver, Tiger Liquidity Services...
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March 11, 2016, 06:56 AM
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Tiger Capital Group and Liquidity Services announced the launch of a partnership geared toward helping insolvency and turnaround professionals ramp up their services to the turbulent oil and gas market, as well as directly assist companies seeking to...
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February 17, 2016, 07:10 AM
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CG Commercial Finance (CGCF) announced it has completed a lease transaction totaling $25,000,000 comprised of three Frac-Pump Spreads providing additional liquidity for the Lessee, a large Texas-based oilfield services provider. This transaction is...
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December 15, 2015, 07:05 AM
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Hilco Industrial and Gordon Brothers Group announced that they will run a private treaty sale process to sell an extensive fleet of trucking and heavy haul equipment from Butch’s Trucking Inc., one of the nation’s premier oil and gas servicing...
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August 31, 2015, 07:03 AM
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GE Capital, Corporate Finance announced it has provided a $17 million credit facility to ROC Services Company, an oil and gas well-site services supplier. The funds will be used to refinance existing equipment and to support the acquisition of the...
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June 11, 2015, 07:00 AM
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Balboa Capita announced it has expanded its oil and gas equipment financing division, and will be a featured exhibitor at the 2014 DUG Permian Basin Conference and Exhibition in Fort Worth, Texas from May 20-22. The company is now well-positioned to...
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May 20, 2014, 06:45 AM
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According to analysts with Great American Group, Inc., the oil and gas industry has experienced relative stability over the last quarter. Oil production has increased steadily, and natural gas pricing has risen drastically in the wake of a strong...
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February 28, 2014, 06:50 AM
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According to a new report from the Manufacturers Alliance for Productivity and Innovation (MAPI) prospects are bright for the U.S. oil and natural gas sectors. In Breaking Good: The Outlook for Oil and Natural Gas, MAPI Senior Economist Don Norman...
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December 06, 2013, 07:02 AM
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