Oil & Gas Equipment Leasing & Funding Options CTA
If you’re in the oil and gas industry—whether you’re a producer, refinery, or involved transportation—keeping your equipment updated is always a concern. When business is good, many prefer to pay cash for new or upgraded equipment. We’ve supported clients through all market conditions, from oil prices at $25/bbl during the pandemic to over $65/bbl.
Our clients are adaptable and innovative—so are we as direct lenders. We offer flexible terms for our oil and gas equipment financing. We have millions available to lend and institutional investors ready to offer favorable terms to the right companies. Large or small, local or international, let’s get you the oil and gas equipment funding you need. We also have financing options that can help you.
Why Lease Oil & Gas Equipment?
Oil and gas equipment is expensive, especially for small-to-medium-sized businesses. Cash payments drain your working capital, and loans risks your credit while adding extra costs from interest and fees.
Tax Breaks: As long as the gas and oil equipment you lease is used by your business, it is fully deductible up to $500,000. This is made possible by Section 179 of the tax code, and it’s a great way to save money.
Cutting-Edge Equipment: When you buy equipment, you have to find someone else to buy it when you’re ready to upgrade. You don’t have to worry about that when you lease oil and gas equipment from Equipment Leases.
A Trusted Name: Equipment Leases has a portfolio that’s worth more than $1.5 billion and more than $200 million to loan out. We have what it takes to help you with financing for oil and gas equipment.
Protect Your Credit: Lenders view oil and gas equipment leases as a business expense, which helps protect your credit.
Types of Oil and Gas Equipment We Lease
We can provide financing for oil and gas equipment, whether you must replace existing equipment, refresh your fleet, or invest in new technology. Regardless of your needs, Equipment Leases provide oil and gas equipment financing and lending for new and used equipment in:
- Dredging equipment
- Pile driving equipment
- Backhoes
- Booster Compressors and Refrigerators
- Hydraulic cranes
- Generators
- Seismograph vehicles
- Excavators
- Pumps
- Wellheads
- Turbines
- Platforms
- Control Systems & Software
- Gear Pumps
- Heat Exchange Equipment
- Tankers
- Bucket trucks
- Cement Pumping equipment
- Fracturing & well Stimulation equipment
- Cementing & Pumping equipment
- Power generation equipment
- Mud pumps
- Rig Systems
- Light Towers
Leasing Success
Oil and Gas Equipment Loans
A Colorado oil services client needed $5,000,000 to buy six used work-over rigs at auction.The rigs varied in years between 1988 up to 2012. We expedited approval for a 60-month capital lease with a great rate with no money down for 100% petroleum equipment financing. The auction house needed payment within three weeks, and we made it happen. Unlike banks, which don’t fund used equipment, we completed the deal, and the client was thrilled.