Oil and Gas Equipment Financing in Gillette, WY

Gillette sits in the heart of the Powder River Basin, and when the basin is active, Converse and Campbell County operators run tight schedules with little margin for delayed equipment funding. A drilling contractor who wins a pad-drilling program needs to know the rig and support equipment are funded before mobilizing, not after the spud date passes. We provide equipment financing designed for the basin's pace, with approvals that come back in days, not weeks, and closings that put iron in the field on time.

We work with Gillette-area drilling contractors, frac crews, well service operators, and oilfield trucking companies. Deals start at $50,000, with the bulk of our Powder River Basin transactions running $100,000 to several hundred thousand dollars per piece. New and used equipment both qualify, and short-form oilfield financing is available up to roughly $400,000.

Powder River Basin: What the Activity Profile Means for Equipment Buyers

The Powder River Basin is one of the few Lower 48 plays where horizontal drilling targets formations at relatively shallow depths, which means faster well cycles and higher rig utilization requirements for contractors trying to satisfy multi-well programs. Turner and Niobrara horizontals can move from spud to total depth in a matter of weeks, and operators running multi-rig programs in Campbell and Converse Counties need support equipment that moves as fast as the drilling pace.

Beyond drilling, the PRB supports a large coal bed methane legacy producing base that keeps workover rig crews consistently busy with compression changes, pump replacements, and wellbore maintenance. Compression infrastructure across the basin has driven steady demand for compressor package financing from both operators who own production and midstream companies gathering it.

Gillette also hosts a substantial oilfield trucking presence. Water hauling to and from drilling locations, vacuum service on produced water pits, and winch truck work on rig moves all flow through the city's fleet of service vehicles. Oilfield trucking companies here frequently need to add trucks quickly when basin activity ticks up, and our platform supports rapid turnarounds for those purchases.

Frac Equipment and Drilling Spreads in the PRB

Powder River Basin completions have grown more intensive over the past several years, with frac stages per well increasing as operators optimize lateral productivity. That shift has pushed independent frac crews and pressure pumping companies to upgrade or expand pump fleets. A frac pump package that worked fine for 20-stage completions may be under-horsepower for the 40-stage programs some operators now run.

We finance individual pumps, full frac spreads, blenders, and the sand hauling equipment that feeds them. For operators who already have spreads and want to convert that equity into cash for a new pump purchase or a down payment on a second spread, our sale-leaseback structure unlocks the value in paid-off iron without selling it outright.

Drilling spreads in the PRB typically include the rig, top drive, mud pumps, and a suite of support equipment. We can finance individual components or structure a package that covers the complete spread, simplifying the financing into one transaction rather than four or five separate notes.

Extracting Capital from Iron You Already Own

PRB service companies that survived the commodity price cycles of 2015 and 2020 often hold equipment with real residual value but no remaining debt. That iron is idle capital. An equipment sale-leaseback converts the equity in your paid-off rigs, trucks, or compression into cash you can deploy on growth, payroll during slow stretches, or the down payment on additional equipment.

Sale-leaseback transactions close in roughly the same timeframe as a purchase, and the equipment stays in your yard and in your operations throughout. You sell us the equipment at its current market value, we lease it back to you on monthly terms, and you retain operational control. At lease end you buy it back at a predetermined price or return it, depending on the lease structure.

Cash-out equipment refinancing is a variation for equipment that still carries a note. If you have significant equity in a rig or truck above your current payoff balance, refinancing at a higher amount pulls that equity out as cash. Both approaches serve Gillette operators who need liquidity without selling physical assets into a crowded used market.

Get PRB Equipment Financed Fast

Gillette operators move fast when the basin is active. We close financing on the same schedule. Submit your application with three months of bank statements and an equipment description, and we will have a preliminary answer within 24 to 48 hours. We handle drilling rigs, frac equipment, oilfield trucks, compression, and production equipment across the Powder River Basin.