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At OilTex we understand the challenges faced by crude oil producers in managing cash flow, meeting operational costs, and securing financing. To support producers in maximizing their working capital, we offer tailored financial and factoring services designed to simplify and accelerate the sale of their crude oil production.
Our Financial and Factoring Solutions Include:
Crude Oil Factoring
We provide factoring services that enable crude oil producers to access immediate cash by selling their receivables. Rather than waiting for payment from buyers or refineries, producers can sell their invoices to us, unlocking working capital that can be reinvested into their operations. This helps producers stay focused on production without the burden of delayed payments.
Fast & Flexible Financing: Receive funds in as little as 24-48 hours after we purchase your receivables.
No Debt, Just Cash Flow: Factoring is a sale of receivables, not a loan, which means no added debt or liabilities.
Scalable Solutions: Whether you’re a small independent producer or a large-scale operation, our factoring services scale to meet your needs.
Advance Payment for Production
We offer advance payments for crude oil production based on pre-agreed delivery schedules. This allows producers to receive cash upfront, providing financial stability to manage operations and fund expansion efforts. Our advance payment programs are structured to be flexible, taking into account the unique requirements of each producer’s production cycle.
Flexible Terms: We work closely with producers to structure payment terms that align with their cash flow needs.
Production-Based Advances: Advances are tied to expected production volumes and market prices, ensuring fair and transparent transactions.