Profile: Newpark Resources Inc (NR)
17 Jun 2019
Newpark Resources, Inc., incorporated on June 3, 1988, is a supplier providing products and services primarily to the oil and gas exploration and production (E&P) industry. The Company's segments include Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment provides drilling fluids products and technical services to customers in the North America; Europe, the Middle East and Africa (EMEA); Latin America, and Asia Pacific regions. The Mats and Integrated Services segment provides composite mat rentals, as well as location construction and related site services, to customers at well, production, transportation and refinery locations in the United States. The Company also manufactures and sells composite mats to customers outside of the United States, and to domestic customers outside of the oil and gas exploration market.
The Fluids Systems segment offers customized solutions for technical drilling projects involving subsurface conditions, such as horizontal, directional, geologically deep or deep water drilling. The Company also has industrial mineral grinding operations for barite, a raw material in drilling fluids products, which serve to support its activity in the North American drilling fluids market. As of December 31, 2016, the Company grinded barite and other industrial minerals at 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 competes with Halliburton, Schlumberger and Baker Hughes Incorporated.
Mats and Integrated Services
The Mats and Integrated Services segment manufactures its 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 unstable soil conditions. The Company provides mat rentals to customers in the E&P, electrical transmission and distribution, pipeline, solar, petrochemical and construction industries across the United States, Canada and the United Kingdom. It also offers location construction and related services to customers, primarily in the United States Gulf Coast region. The Company's product offerings also include the EPZ Grounding System for safety and efficiency for contractors working on power line maintenance and construction projects, and the Defender spill containment system to provide customers with an alternative to the use of plastic liners for spill containment.
The Company competes with Signature Systems Group and Checkers Group.
Newpark Resources Inc
9320 Lakeside Blvd Ste 100
THE WOODLANDS TX 77381-1200