Oilfield Factoring with Mazon Associates
Mazon Associates is a factoring company located in the DFW area that’s been providing oil and gas factoring services since 1976, making us the most experienced factoring company in the Texas oil and gas industry.
We have a large portfolio of oilfield service companies in Dallas / Fort Worth and Midland / Odessa, as well as and cities all across Texas and the Southwest.
Mazon has funded all types of oilfield service businesses including hauling companies, well services, site services, and chemical suppliers, just to name a few.
Many of our clients perform work in the oil producing fields of the Permian Basin and Eagle Ford Basin. Fortunes are being made by small businesses that are supplying services for large oilfield contractors.
Oilfield Factoring
Oilfield factoring gives businesses the fuel to grow and operate without cash flow restraints. Your customers pay invoices on credit terms of 30, 45 and 60 days or more. Invoice factoring eliminates the collection delays created by these trade credit terms.
Mazon pays you immediately after you send us your fresh invoices, so you can pay your employees and subcontractors. Our receivables factoring process is designed to keep your earned revenue in your bank account, not your customer’s. Here’s how it works:
- You complete oilfield service work for your customer.
- Send us a copy of your invoice with proper supporting documentation.
- We verify the invoice and send you cash the same day.
- We collect the receivable from your customer when it becomes due.
Oilfield Service Contractors
With over 40 years of oilfield factoring experience, Mazon works with a number of the large contractors in the oil and gas industry:
- Baker Hughes
- Concho Resources
- Continental Resources
- EOG Resources
- Halliburton
- Kinder Morgan
- Pioneer Natural Resources / ExxonMobil
- Range Resources
- Schlumberger
- SRC Energy
- XTO Energy
- and many more…
We have extensive experience working with Master Service Agreements (MSA’s). We know and understand the importance of your customer relationships and we treat your customers with excellent care.
Non-notification agreements with redirected payments are sometimes necessary when working with certain larger prime contractors. If we can’t handle a difficult customer who doesn’t work with factoring companies, we’ll help you find another oilfield factoring company.
Mazon Associates
Mazon Associates is a family-owned factoring company located in Irving, Texas. The friendly staff at Mazon Associates are professional and take an interest in each of their clients.
To discuss your oilfield invoice factoring needs, please call Lisa Hultz of Mazon Associates at 800-442-2740. Lisa is the sales and marketing representative for Mazon Associates.
