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05-28-2015, 04:49 PM #1
- Join Date
- Feb 2015
- Posts
- 22
Commercial funding needed
A start up Company who has 2 service contact with oil companies is seeking to build a Salt Water Disposal Well to handle the oil company's need to dispose of both flowback and production water. Flowback water is generated by the hydraulic fracturing process know as Fracking when oil wells are drilled, while production water comes up along with the oil pumped to the surface by oil wells.
The company is seeking $2.5MM to fund the construction and opening of Salt Water Disposal Well, their projected fund date is May/June 2015 and construction to start June/July and completion date with cash-flow expected October 1, 2015.
1) Collateral 2 Master Service Contracts with the Oil Companies
Investment Characteristics:
1) Large Oil Company
2) Price for service is agreed upon
3) volume of water to be provided is consistent
4) Will have consistent 30 day payment term for services rendered to the Oil Companies
5) Owner and Management team has extensive Industry experience
Repayment terms: short term financing re-payment period of 9-12 months preferred, no more than 3-5 years.
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05-28-2015, 05:26 PM #2
- Join Date
- May 2015
- Location
- FL
- Posts
- 96
i have been wondering lately, do lenders consider fracking "high risk...?"
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09-17-2015, 03:11 PM #3
- Join Date
- Sep 2015
- Posts
- 4
How much are the contracts for?
-- over how long a period?
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09-17-2015, 03:47 PM #4
- Join Date
- Sep 2015
- Location
- South Jordan, Utah
- Posts
- 9
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