Cash in the Barrel: Oilfield Service Companies Between a Rock and Hard Place When Seeking Financing

Many oilfield service companies have major cash flow problems, and it’s not their fault. Most of the big oil and gas companies pay their invoices in 30-90 days. Many oilfield service companies don’t have the cash reserves to wait for those payments; they have their own obligations to meet. Oilfield service companies have high cash demands and slow turnaround times, and business owners feel it where it hurts-their pocket books. This puts oilfield service companies between a rock and a hard place.