In the Oil & Gas Industry 30 to 90-day pay terms are standard. These long pay terms can add "Cash Flow Stress" to growing companies.
Our specially designed Oilfield Factoring Lines can ease your stress and provide the cash you need to take advantage of this once in a lifetime Oil & Gas boom. What's more, Set-up is as easy as 1-2-3.
What is Frac Sand Hauling
Frac sand hauling is in high demand in the oil and gas industry as hydraulic fracturing, or fracking, is proliferated throughout North America. What is frac sand hauling and what do frac sand haulers do? What are the growth prospects for frac sand hauling jobs in the oilfield services and frac sand mining industries? To find out, please read on.
Frac sand hauling work falls on the shoulders of the trucking industry. Frac sand is used to aide in the production of natural gas, natural gas liquids, and oil from shales and other tight rocks where hydraulic fracturing is required. Such shale plays include the Bakken Shale Formation, the Barnett Shale, the Eagle Ford Shale, the Fayetteville Shale, the Haynesville Shale, the Marcellus Shale, and the Utica Shale, among many other shale plays found throughout the U.S.
About Texas Oilfield Factoring
Texas Oilfield Factoring is the Oilfield Factoring division of TCI Business Capital. Since 1994, we have provided "Best in Class" Oilfield Factoring solutions to thousands of small to mid-size companies all across North America. To find out why so many frac sand hauling and frac sand trucking companies have reached out to Texas Oilfield Factoring, please call 713-999-3537.
Texas Oilfield Factoring is reaching out to frac sand hauling and frac sand trucking companies like never before. We customize our Oilfield Factoring lines to the needs of your frac sand hauling business, easing your financial stress and providing you the cash you need now.
Texas Oilfield Factoring allows you to send your invoices to our headquarters and get paid for them the same day. No more waiting 30 to 90 days for invoices to be paid. Let Texas Oilfield Factoring buy your invoices (receivables) and pay you for them the same day.
Frac Sand Hauling Work
As shale plays are more rapidly developed, the demand for frac sand has spiked, creating an influx of frac sand hauling work. Frac sand hauling jobs have become plentiful because frac sand hauling affects the trucking, mining, and oilfield industries. Frac sand must be mined, then frac sand trailers are used to transport the frac sand to the oilfield.
The increase of frac sand hauling work in the frac sand trucking industry may be attributed to the following findings by The United States Geological Survey:
The production increase for silica sand in 2010 was largely attributable to surging demand for hydraulic fracturing sand. The increased demand for hydraulic fracturing sand was the result of ongoing increased exploration and production of natural gas from various underground shale formations throughout North America. Additionally, most major silica sand producers had production capacity increases for hydraulic fracturing sand.
Reported average prices for frac sand in North America Geological Survey Minerals Yearbook were between $45 per ton and $50 per ton in 2010. To put this in perspective, Over 1 million pounds of frac sand can be used to stimulate a single well. Hence, the explosion of frac sand hauling jobs in the frac sand trucking industry.
Texas Oilfield Factoring wants your frac sand hauling company to have the capital it needs to sustain growth in the booming fracking industry. Stay ahead of your frac sand trucking competitors and access your capital now by using our oilfield factoring financial services.
There are three integral parts to an Oilfield Factoring transaction. br>
1. The fee, this is the amount that TCI Business Capital Oilfield Factoring will charge you for the service. Most Oilfield Factoring Companies will charge you a Factoring fee, also known as a service charge, as well as interest based on how long it takes the debtor to pay.
2. The advance, this is the percentage of the face value of invoice that TCI Business Capital Oilfield Factoring company pays you upon submission of that invoice. br> 3. The reserve, this is the remainder of the total Oilfield Invoice amount held until the payment by the account debtor is made in full.
So, what do frac sand haulers do and what does frac sand hauling work consist of? Quite simply, frac sand hauling is a service offered by trucking companies with operations in oilfield services or fracking. The trucking company provides specialty frac sand trailers to transport frac sand to fracking well sites. Some frac sand is sourced in the U.S. and shipped by rail close to drilling sites and then trucked out to individual wells, while other types of frac sand are shipped from overseas markets and then sent by rail or frac sand trailers to U.S. fracking sites. An estimated 600,000 to 800,000 pounds of frac sand will typically be stored on site at a fracking well.
Additonal Services of Texas Oilfield Factoring
At Texas Oilfield Factoring, we know that the costs of operating a successful frac sand hauling company can be stressful. Having to wait 30 to 90 days for your invoices to be paid is a stress that Texas Oilfield Factoring can eliminate from your frac sand trucking business operations.
In addition to our oilfield factoring services, Texas Oilfield Factoring also provides other mission critical services including credit analysis, risk assessment, a/r management, billing, collections, treasury and 24/7 web reporting. Texas Oilfield Factoring offers a suite of financial services so you can focus on the logistics of running a successful frac sand hauling business. Call 713-999-3537 or request a quote online to find out about the many services Texas Oilfield Factoring can provide to help your business succeed.
Frac Sand Hauling Equipment
In order to obtain frac sand hauling work, frac sand trailers need proper equipment. The most notable piece of equipment in frac sand hauling is the pneumatic tank trailer.
Pneumatic trailers are vital to frac sand hauling work. Pneumatic trailers are vacuum-sealed, enclosed tanks. This compresses air inside the tanks and prevents outside air from entering. This process protects the frac sand from unwanted contaminants, including moisture.
Pneumatic trailer tanks feature single or multiple hoppers that compartmentalize the load and properly balance the load for frac sand hauling. The capacity of pneumatic frac sand trailers ranges from 560 cubic feet to 3,120 cubic feet. Frac sand trailers can carry up to 25 tons of frac sand.
Pneumatic frac sand trailers are made by brands such as Heil, Mac, J&L, LBT, Fruehauf, Polar, Retesa, Tytal, Vantage, and others. New pneumatic frac sand trailers can cost from approximately $60,000 and up.
Getting Started with Texas Oilfield Factoring
We hope that this article has been informative. As we've noted, the costs of running a successful frac sand hauling business are high in the oilfield services industry, but for those willing to take risks, there is the potential for high reward. Stop waiting weeks or months for your invoices to be paid. Grow your business now. Let Texas Oilfield Factoring help.
Our "Easy to Set Up" Oilfield Factoring lines can ease that stress by allowing you to access the capital that is tied up in your Accounts Receivables. As a result, you will have the working capital you need to get caught up on bills, pay owner operators on time and make any equipment purchases necessary to take advantage of this once in a life time Oil & Gas boom.
What's more, with our simple and straightforward underwriting guidelines, most of TCI Business Capital Oilfield Factoring customers receive written approvals in 30 minutes or less.
Call 713-999-3537 or request a quote online to find out about the many services Texas Oilfield Factoring can provide to help your business succeed.