NexTier Oilfield Solutions Inc - Company Profile
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NexTier Oilfield Solutions Inc (NexTier), formerly Keane Group Inc, is a provider of integrated well completion services. Its services include horizontal and vertical fracturing, engineered solutions, wireline perforation and logging, and cementing, pumping services, and other value-added services. NexTier also offers engineering software and technical guidance that help customers to optimize their wells. It provides onshore well development and stimulation operations for existing wells to oil and exploration and production companies. The company operates in major unconventional oil and natural gas basins in the US, including the Marcellus Shale/Utica Shale, Permian Basin, the Bakken Formation, and the Eagle Ford Formation. NexTier is headquartered in Houston, Texas, the US.
Headquarters
United States of America
Address
3990 Rogerdale Rd, Houston, Texas, 77042-5142
Website
nextierofs.com/contact-us
Telephone
1 713 3256000
No of Employees
4,302
Industry
Energy and Utilities
Ticker Symbol & Exchange
NEX (NYSE)
Revenue (2022)
$3.2B
128%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
363.7%
(2022 vs 2021)
Market Cap*
$2.4B
Net Profit Margin (2022)
XYZ
215.7%
(2022 vs 2021)
* As of and is in US$
NexTier Oilfield Solutions Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Integrated Completion and Drilling |
| Hydraulic Fracturing Services |
| Engineered Solutions |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Acquisitions/Mergers/Takeovers | In September, the company and Patterson-UTI merged. |
| 2023 | Others | In June, the company and Patterson-UTI Energy paused a possible merger. |
| 2022 | Contracts/Agreements | In September, the company signed a contract with Seneca Resources to deploy its first electric Emerald fracturing system. |
Competitor Comparison
| Key Parameters | NexTier Oilfield Solutions Inc | Liberty Energy Inc | Patterson-UTI Energy Inc | C&J Energy Services Inc | Calfrac Well Services Ltd |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | Canada |
| City | Houston | Denver | Houston | Houston | Calgary |
| State/Province | Texas | Colorado | Texas | Texas | Alberta |
| No. of Employees | 4,302 | 4,580 | 6,500 | 6,399 | 2,270 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| James C. Stewart | Chairman | Executive Board | 2018 | - |
| Robert W. Drummond | Director; President; Chief Executive Officer | Executive Board | 2019 | - |
| Kenneth Pucheu | Executive Vice President; Chief Financial Officer | Executive Board | 2019 | - |
| Matthew Gillard | Executive Vice President; Chief Operating Officer | Senior Management | 2021 | - |
| Oladipo Iluyomade | Vice President; Chief Accounting Officer | Senior Management | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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