Ward County's economy has followed oil activity since the 1920s. For oilfield service owners, the pressure points are payroll, equipment and slow receivables. Apply in five minutes.
Apply Now →Ward County is in West Texas, and Monahans is the county seat. The 2020 census counted 11,644 residents across about 836 square miles. The Texas and Pacific Railway came through in 1881, and oil activity grew after the Hendrick field opened in neighboring Winkler County in 1926. Monahans Sandhills State Park draws visitors to the dunes, and Pyote Air Force Station is part of the county's history. Today the county is closely tied to the oil and gas activity in the Permian Basin.
Oilfield service work has a distinctive cash pattern: the costs come first and the payments come later. Crews must be paid every week, trucks need fuel and maintenance, and equipment can cost a great deal. Customers, often larger operators, may pay on terms of thirty, sixty or more days after an invoice.
Field crews expect to be paid on schedule, whatever the state of your receivables. Losing a good crew member over a late paycheck costs more than the paycheck.
Trucks, trailers and tools wear out quickly in sand and heat. Repair and replacement are regular costs, and downtime means lost billing.
Large unpaid invoices can leave a small company short of cash while its books show a profit.
| Day | What happens |
|---|---|
| Day 1 | Crew starts the job; wages and fuel begin |
| Day 15 | First payroll is paid |
| Day 30 | Invoice sent; second payroll paid |
| Day 60 | Customer may pay, depending on terms |
For illustration only, a crew costing $25,000 a month in payroll and fuel would be carrying about $50,000 before the first payment arrives.
Boom and slow periods in oil activity can come quickly. Owners who keep records of how their cash behaved in past slow stretches are better prepared for the next one.
Oil activity rises and falls, and service companies feel the change quickly because customers cut or add work on short notice. Owners who have been through a slow stretch often describe the same steps: cut costs that do not touch the crew, collect old invoices first, delay equipment purchases that are not urgent, and keep the best people paid. Working capital can help with the payroll and the collections gap, but it works best when paired with these habits.
Keeping a record of how your cash behaved in past slow stretches helps you set a sensible amount next time.
The application takes about five minutes and uses a soft credit pull. You can request $25,000 to $5,000,000, sole proprietors can apply, and funding can arrive in as little as 24 hours. Apply here.
Businesses with payroll, equipment and receivable needs can apply.
Yes, that is a common operating use.
A major oil-producing region in West Texas and southeastern New Mexico.
Yes, equipment repair and replacement are common operating uses.
Yes.
In as little as 24 hours once approved.
Three months of business bank statements and a 5-minute application. FICO 500+ considered. $25,000 to $5,000,000, funded in as little as 24 hours.
Apply Now →It takes about two minutes and it will not affect your credit score.
No obligation • No impact to your credit score
