Profile: Newpark Resources Inc (NR.N)
20 Jan 2017
Newpark Resources, Inc., incorporated on June 3, 1988, is an oil and gas supplier. The Company provides products and services to the oil and gas exploration (E&P) industry. The Company operates its business through two segments: Fluids Systems, and Mats and Integrated Services. Fluids Systems segment provides customized drilling fluids solutions to E&P customers in North America; Europe, the Middle East and Africa (EMEA); Latin America, and Asia Pacific. The Mats and Integrated Services segment provides composite mat rentals, well site construction and related site services to oil and gas customers at well, production, transportation and refinery locations in the United States.
The Company's Fluids Systems segment offers customized solutions, including technical drilling projects involving subsurface conditions, such as horizontal, directional, geologically deep or deep water drilling. The Company provides drilling fluids products and technical services to markets in North America, EMEA, Latin America, and the Asia Pacific regions. The Company also has industrial mineral grinding operations for barite, a raw material in drilling fluids products, which serve to support the Company's activity in the North American drilling fluids market. It grinds barite and other industrial minerals at approximately four facilities, including locations in Texas, Louisiana and Tennessee. The Company uses the resulting products in its drilling fluids business, and also sells them to third-party users, including other drilling fluids companies. The Company also sells a range of other minerals, principally to third-party industrial (non-oil and gas) markets. The Company owns the rights of water-based fluids systems, which it markets as Evolution, DeepDrill and FlexDrill systems.
Mats and Integrated Services
The Company manufactures DURA-BASE Advanced Composite Mats for use in its rental operations, as well as for third-party sales. The Company's mats provide environmental protection and ensure all-weather access to sites with various soil conditions. The Company sells composite mats directly to customers in areas across the world where it does not maintain an infrastructure for its mat rental activities. In addition, the Company provides mat rentals to E&P customers in the Northeast Unites States, onshore United States Gulf Coast and Rocky Mountain Regions, and to non-E&P customers in the United States, Canada and the United Kingdom. The Company also offers location construction and related well site services to E&P customers in the Gulf Coast Region. The Company offers the Defender spill containment system and the EPZ Grounding System.
The Company competes with Signature Systems Group, Schlumberger, Halliburton and Baker Hughes.
Newpark Resources Inc
9320 Lakeside Blvd Ste 100
THE WOODLANDS TX 77381-1200