For over thirty-five years, the company has provided mapping and surveying services. Issues relating to geology, mining, environmental studies, hydrogeology, and locating underground storage tanks are offered by the firm.
As worldwide oil and gas exploration expands, so does the need for geophysical surveying and mapping. To meet this demand and make up for depletion of existing oil reserves, new oil reserves must be discovered. The largest oil and gas producing areas of the world include Saudi Arabia, Russia, the US, Canada, and Iran according to Rystad Energy.
The US geophysical survey and mapping services industry includes about 1,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $3 billion.
Competitive Landscape
Demand is driven by oil and gas exploration activity. The profitability of individual companies depends on their ability to maintain a steady flow of contract work. Large companies enjoy economies of scale in purchasing and administration, as well as the ability to serve major clients from multiple locations. Small companies can compete by specializing in a specific geography or survey type. The industry is highly concentrated: the 50 largest companies account for about 90% of revenue.
In order for small companies to stand out and take market share from the leaders, it is important to invest in their business. Whether it is in equipment or in their staff, this can be a significant blow to their budget.
Employees are highly skilled and must operate equipment and provide technical services and support for clients. Equipment is highly technical and new technologies or product introductions often require companies to make large investments to upgrade or expand capabilities. While companies often own fleets of survey vessels, computers, and software, they also may rent certain pieces of equipment for specific projects.
Major survey types include magnetic, gravity, seismic, electrical, and electromagnetic and survey data is often used by oil and gas exploration and production companies to generate high-resolution two-dimensional (2D) and three-dimensional (3D) and most recently, four-dimensional (4D) images of the earth's surface and subsurface.
Why Get a Loan for your Geophysical Surveying and Mapping Services Business?
The best business loans allow you to grow and expand your business. They can help you get off and running with the least amount of hassle. They can also give you the flexibility to make important business decisions without too much concern. If you have poor or marginal credit, we will work with you. Even if you have no credit at all, we may still work with you. Simply because... we want to! We want to be more than just another bank. We would like to be a resource for people in need. And giving loans.
At Business Loans Michigan, we want to help you cut through the red tape to get the working capital you need to fund your business. Our loans for professional service providers are available through a fast, simple application that's fully automated. Provide basic data, and we'll review your business performance to give you the funding you need – up to $250,000 – to help you hire and train employees, purchasing equipment and invest in marketing initiatives.
The online application takes only 15 minutes. After being funded, borrowers can receive financing in as little as 72 hours. Our team at Business Loans Michigan takes pride in offering the following:
Contact us today to start a new adventure!
As worldwide oil and gas exploration expands, so does the need for geophysical surveying and mapping. To meet this demand and make up for depletion of existing oil reserves, new oil reserves must be discovered. The largest oil and gas producing areas of the world include Saudi Arabia, Russia, the US, Canada, and Iran according to Rystad Energy.
The US geophysical survey and mapping services industry includes about 1,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $3 billion.
Competitive Landscape
Demand is driven by oil and gas exploration activity. The profitability of individual companies depends on their ability to maintain a steady flow of contract work. Large companies enjoy economies of scale in purchasing and administration, as well as the ability to serve major clients from multiple locations. Small companies can compete by specializing in a specific geography or survey type. The industry is highly concentrated: the 50 largest companies account for about 90% of revenue.
In order for small companies to stand out and take market share from the leaders, it is important to invest in their business. Whether it is in equipment or in their staff, this can be a significant blow to their budget.
Employees are highly skilled and must operate equipment and provide technical services and support for clients. Equipment is highly technical and new technologies or product introductions often require companies to make large investments to upgrade or expand capabilities. While companies often own fleets of survey vessels, computers, and software, they also may rent certain pieces of equipment for specific projects.
Major survey types include magnetic, gravity, seismic, electrical, and electromagnetic and survey data is often used by oil and gas exploration and production companies to generate high-resolution two-dimensional (2D) and three-dimensional (3D) and most recently, four-dimensional (4D) images of the earth's surface and subsurface.
Why Get a Loan for your Geophysical Surveying and Mapping Services Business?
The best business loans allow you to grow and expand your business. They can help you get off and running with the least amount of hassle. They can also give you the flexibility to make important business decisions without too much concern. If you have poor or marginal credit, we will work with you. Even if you have no credit at all, we may still work with you. Simply because... we want to! We want to be more than just another bank. We would like to be a resource for people in need. And giving loans.
At Business Loans Michigan, we want to help you cut through the red tape to get the working capital you need to fund your business. Our loans for professional service providers are available through a fast, simple application that's fully automated. Provide basic data, and we'll review your business performance to give you the funding you need – up to $250,000 – to help you hire and train employees, purchasing equipment and invest in marketing initiatives.
The online application takes only 15 minutes. After being funded, borrowers can receive financing in as little as 72 hours. Our team at Business Loans Michigan takes pride in offering the following:
- Up to $250,000 on a term loan without any application fees
- Your money is available within 1-2 business days
- Choose full prepayment and save on interest fees
- Once you repay 50% of your loan, you get new terms and conditions
Contact us today to start a new adventure!
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Any questions? Our business advisors at Business Loans Michigan are happy to help!
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Applying is free and will not affect your credit score.
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