SQN Provides $3.4MM Equipment Lease to Oil Field Services Firm
AUG 13, 2019 - 6:30 am
SQN Capital Management, on behalf of one of its various investment funds, provided a $3.4 million equipment lease facility to a provider of oil field hydraulic jet pumping services in the U.S.
The equipment, including state-of-art hydraulic, artificial lift pump systems, will provide an innovative solution for oilfield production. The jet pump systems operate efficiently in a wide range of oil field well applications, including both shallow or deep wells regardless of whether well deviations are vertical or horizontal. This flexibility provides more reliability and greater productivity for producers with oil wells possessing wide ranging depths and production capabilities.
SQN Capital Management is an investment advisor which provides alternative asset management services, through a number of funds, to a diverse array of clients including insurance companies, hedge funds, private wealth managers, family offices, pensions and funds of funds. It manages the world’s only publicly-traded diversified equipment leasing and asset finance fund, the SQN Asset Finance Income Fund Limited.
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