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- Newpark Resources, Inc.
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Overview
Company Summary
Newpark Resources, Inc. is a global provider of products and services primarily to the oil and gas industry. The company operates in two main segments: Fluids Systems and Engineering & Construction (E&C).
The Fluids Systems segment offers drilling fluid solutions to oil and gas operators and service companies. These drilling fluids are essential for the drilling process as they help maintain pressure, cool the drill bit, and carry the rock cuttings to the surface. Newpark provides a range of drilling fluid systems, additives, and related equipment to support efficient and safe drilling operations.
In addition to drilling fluids, the Fluids Systems segment also offers waste management solutions for the treatment and disposal of drilling wastes. This helps in minimizing environmental impacts and complying with regulations.
The Engineering & Construction segment, on the other hand, provides a wide range of services to support oil and gas infrastructure projects. These services include site preparation, land drilling pads, oilfield road construction, and related services. Newpark's E&C segment focuses on improving well site efficiency and safety through the utilization of advanced technologies and project management capabilities.
Newpark Resources aims to provide innovative solutions that enhance drilling performance, minimize environmental impact, and maximize operational efficiency for their customers in the oil and gas industry. They have a strong emphasis on research and development, continually striving to improve their products and services to meet the evolving needs of their clients.