NexTier Oilfield Solutions Inc - Company Profile

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NexTier Oilfield Solutions Inc: Segment Analysis

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Business Segments

Overview

Comprises fracturing services, wireline and pumpdown services, and completion support service. Hydraulic fracturing services enhances production of oil and natural gas from formations with low permeability and restricted flow of hydrocarbons. Includes pumping a highly viscous; pressurized fracturing fluid including mixture of water; chemicals and proppant into tubing or well casing to fracture underground mineral formations that allows flow of hydrocarbons upward through the well. Wireline services includes use of truck equipped with spool of wireline that is lowered into oil and gas wells to provide necessary equipment for well completion, well intervention, pipe recovery and reservoir evaluation operations. Wireline and pumping services comprise of perforating, pipe recovery, pumpdown, pressure pumping, and wellsite make-up and pressure testing services. Also offers completion support services, including research and technology (R&T) departmentz. Considers deploying market-ready fracturing fleets and increasing its dedicated fracturing fleet count with efficient customers as growth factors.

Performance

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Overview

Operates through two business lines: cementing services and coiled tubing services Cementing services has the expertise to cement shallow to complex high temperature and high-pressure wells. Also offers engineering software and technical guidance for remedial cementing applications and acidizing for optimizing the performance of the customers’ wells. The segment also offers a diverse range of coiled tubing services to help customers accomplish various goals in their horizontal completion, well maintenance and workover projects. Focuses on deploying market-ready cementing equipment and two newbuild coiled tubing units.

Performance

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