Get Paid for This Month's Production Now
Funding for junior Canadian producers, secured by the assignment of your production marketing agreement. Monthly advances against your reported volumes, instead of waiting for your marketer's payment date.
- Built for junior producersStructured around how production revenue actually flows.
- Secured by your marketing agreementRepaid from your marketer's payment, not your other assets.
- Monthly advancesFunding that follows your reported volumes each month.
- Lenders who know the sectorA Calgary team that understands producers, marketers and midstream.
Four Steps, Every Month
Assign the Agreement
Your marketing agreement with your marketer or midstream company is assigned to Provida.
Report Your Volumes
Each month, your reported production volumes set the amount available to you.
Receive Your Advance
Provida advances against those volumes, so you have cash well before the payment date.
Your Marketer Pays
Around the 25th of the following month, your marketer pays into a Provida-controlled account and the balance is released to you.
Junior Producers with Steady Production
The program suits junior Canadian oil and gas producers who sell their production through a marketing agreement with a marketer or midstream company.
It is a fit when you want to smooth the wait between production and payment, fund operations or workovers, or keep growing without giving up equity.
Your Agreement and Your Counterparty
- An assignable marketing agreementThe agreement must allow assignment to Provida.
- A creditworthy marketerYour marketer or midstream company is the source of repayment.
- Reported production volumesConsistent reporting that supports the monthly advance.
- Your operationsThe assets, the team and the plan behind the production.
Producer Funding, Explained
Is this a loan against my reserves?
No. The funding is secured by the assignment of your marketing agreement and repaid from your marketer's monthly payment, not from a reserve-based borrowing base.
Do I have to change marketers?
No. You keep your existing marketing arrangement. The agreement is assigned so that payment flows through a Provida-controlled account.
How much can I receive each month?
The monthly advance is based on your reported volumes and current pricing. We work through the numbers with you when we set up the facility.
What does it cost?
Each facility is priced on its own terms. We set out the full cost before you sign.
Fund Your Production Month by Month
Tell us about your production and your marketing agreement. A member of our team will contact you within one business day.