Oil & Gas Companies See Four Years Production Revenue from Financing
Leveraging current production brings capital for exploration, development and acquisition.
CHICAGO, Aug. 10, 2010 - Entrex is facilitating transactions for oil and gas firms seeking funding. Almost $400M is aimed at companies with currently producing wells.
Investors offer up to 4x annual production value in up-front capital. Companies can use funds at their discretion though most are financing exploration and development.
Entrex CEO, Stephen H. Watkins, shares that current transactions range from $10M-$250M per company. He explains that “closings are happening in as few as 90 days from a signed letter of intent.”
“This is a solid financing opportunity for currently producing companies,” Watkins adds. “Capital is on deck and continuously seeking new investments.”
For more information contact Erika Conefry at econefry@entrex.net or 877-436-8739.
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