Chesapeake Energy and Cabot Oil & Gas Supplier and Marcellus Shale Wells

Chesapeake Energy oil gas supplierAre you a supplier or vendor for Chesapeake Energy and Cabot Oil & Gas?  If not, you should be.  According to The U.S. Energy Information Administration, the Marcellus region will provide 18% of monthly natural gas production in the United States.   This represents a “key development in a rapidly evolving U.S. natural gas market”.

The Marcellus shale wells produced less than two billion cubic feet per day as recently as 2010. The EIA expects production to soon reach 13 billion cubic feet per day. To put that in perspective, in a four-year time period that would represent approximately 60% compound annual growth.

Chesapeake Energy and Cabot Oil & Gas are experienced rapid growth because of the value of this region.   Suppliers and vendors need to be flush with working capital in order to handle an increase in demand for labor, raw material, equipment, payroll costs and more.  For over 20 years Paragon Financial has been working with oil and gas suppliers to improve their cash flow through invoice factoring or receivable financing.  Give us a call, e-mail or chat with us today to find out how we can help you.

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