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Oil and Gas Equipment Leasing with Mackenzie Leasing. Our equipment financing specialties include: - Rolling stock. With us, you get the best financial advice from our qualified staff who have experience with money and oil. Landowners may be entitled to their attorney fees should they be successful in their action.
You don't have to worry about that when you lease oil and gas equipment from Equipment Leases. Next-day funding with pre-funding for equipment vendors available. A Broad Range of Equipment Financing Solutions…. The leasing of land for oil produce in a residential or agricultural area is bad. In addition to Standard Leases* we offer Flexible Payment Plans. Due to the constantly changing nature of oil and gas production operations, many production equipment requirements are for an indefinite or relatively short term. 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. Depleted gas reserves are used to store gas. Software (SAP, Great Plains, even SAAS based products). If you are a landowner, you might not want to choose automatic renewal since it essentially locks you into the original agreement. Whether you are transporting heavy rigs or hauling vacuum trailers, the oil and gas equipment financing you need is available through HIL Financial. Exploration, development, and production of the resources located inside the leased premises are the primary goals. Factors and circumstances when leasing become a problem include; - When siting an oil or gas well in a residential or agricultural area. Regardless of your business' size, we will ensure your business gets the equipment it needs, within budget.
Mackenzie Leasing offers flexible a leasing service to finance the lease for a wide range of oil and gas equipment from heavy equipment to separator and heating units. It must undergo a distillation process. One company recently announced a "new milestone in American business finance", which turned out to be a program under which qualified applicants can lease money. If an oil and gas lease has become or is at risk of becoming non-productive, contact one of our attorneys to review your options and rights. What happens when the oil and gas lease expire? We are well-known for helping you find the right kind of financing for your equipment and software needs. • Petroleum Equipment. We have a quick application process that requires simple documentation, and will conserve your credit lines. We create a plan that is tailored to your specific requirements. In Kansas, a lease is subject to termination when it produces less than three barrels of oil a month. They can provide finance to buy exactly the equipment you want. The necessary equipment such as frac tanks, cranes and pumps are expensive. Here at Equify Financial, we ensure that our clients get a solution to their financial problems without necessarily being a burden to you.
Normally, the secondary term of your oil and gas lease goes into effect after the primary term has expired and the conditions specified in the term clause, or habendum clause, of your oil and gas lease, have been satisfied. We will take care of your financial burden, thus fully focusing on running the company and making sure that it is successful. Running operations requires heavy investment in equipment. Office furniture and equipment. In this oil lease, the lessee is granted a working interest while the lessors receive royalty payments in exchange for oil and gas leases. • Downhole Equipment. With calls for a boost to the royalties on oil and gas production, oil and gas companies may have their profits reduced after factoring in production costs. A business should also have furniture, stationery, and other equipment like air conditioning, which ensures that the said company employees have a good working environment for them to be productive. 90 Day Deferral: Offers payments of only $0 for the first three months.
Be it you are entering the energy industry, or you are already a company that trades in this industry, there are numerous reasons why you may need funding; these reasons may include. Equify Financial can assist you in your venture so that your business can grow. Today, the process of obtaining the use of capital assets by lease rather than purchase is gaining acceptance in many phases of United States business, but it is still relatively unknown in the petroleum industry. Oilfield Equipment Financing & Leasing. Competitive rates, quick credit decisions and funding. How do I stay competitive? We have what it takes to help you. No down payment requirements.
The loan is being used to fund new equipment unched in June 2017, Encina Equipment Finance provides loans... September 24, 2019, 07:30 AM. Banks will traditionally NOT fund used equipment.