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Cornerstone Completion Services Appoints David R. Reynolds as Business Development and Advisory Manager

David ReynoldsBROUSSARD, La. – Cornerstone Completion Services (CCS), a recently-launched division of Wellsite Fishing and Rental Services, LLC, a leading provider of drilling and completion rental equipment, has appointed David R. Reynolds as its new business development and advisory manager.

As business development and advisory manager, Reynolds will be based in New Castle, Pa., and will be responsible for identifying and developing non-E&P-related business opportunities for CCS in the northeastern region of the USA.

Kirby Arceneaux, chairman and CEO, Wellsite, said, “David joins us from Columbia Pipeline Group, where he amassed many years of experience as a well services technician. We welcome David to our CCS division, which services Pennsylvania, Ohio and West Virginia, providing thru tubing and fishing services to oil and gas exploration companies and gas storage and transmission companies.”

Slade Woods, vice president and general manager, CCS, said, “David and I have known each other for many years, having been business associates in our previous roles. I am therefore confident that David will prove to be a dynamic and well-regarded manager here at CCS.”

Reynolds said, “I am Ohio-born, and having built my career in Ohio-based oil and gas roles, I am excited to serve Wellsite’s continued regional expansion in the northeast; building positive customer relationships and growing CCS’s portfolio of clients.”

Viking Oil Tools Appoints Michael Foster as Regional Manager

BROUSSARD, La. – Viking Oil Tools, a division of Wellsite Fishing and Rental Services, LLC (“Wellsite”), a leading provider of drilling and completion rental equipment, has appointed Michael Foster as its new regional manager.

As regional manager, Foster will be based in Hobbs, N.M., and Midland/Odessa, Texas, and will be responsible for upholding Viking Oil Tools’ reputation for delivering quality products, first class service and a superior safety rating.

Kirby Arceneaux, chairman and CEO, Wellsite, said, “Michael began his career as a carbide welder and has held a multitude of oil and gas management and supervisory positions in the subsequent 37 years, managing operations around the globe. We look forward to welcoming Michael to our experienced team.”

Foster said, “I believe that encouraging teamwork is the key to success for any manager or company and I look forward to supporting Viking Oil Tools’ operations team in continued regional expansion.”

Wellsite Fishing Rental Services Announces Cornerstone Completion Services (CCS) as New Division

BROUSSARD, La. – Wellsite Fishing and Rental Services, LLC, a leading provider of drilling and completion rental equipment, has created a new division: Cornerstone Completion Services (CCS).   

cornerstonelogoLocated in Zelienople, Pa., and servicing Pennsylvania, Ohio, and West Virginia, CCS will provide thru tubing and fishing services to oil and gas exploration companies and gas storage and transmission companies.

Kirby Arceneaux, chairman and CEO, Wellsite, said, “Wellsite’s current operating division, Viking Oil Tools, has a well-established presence in the Permian Basin, providing thru tubing and fishing services. The addition of the new CCS division represents a natural expansion for Wellsite, enabling us to fully service the market in the northeast and complementing Wellsite’s offerings of high quality tubulars and associated handling tools.”

sladewoodsSlade Woods has been appointed as CCS’s vice president and general manager and joins Wellsite from Workover Solutions, where he was regional sales manager and Extreme Energy Services, where he served as northeast district manager.

Arceneaux continued, “A very experienced new management team will lead CCS and Slade brings with him an impressive reputation. He will uphold Wellsite’s reputation for delivering quality products, first class service and a superior safety rating, while maintaining and building positive customer relationships in the northeast region.” 

Wellsite’s packaging of services is supported by a strategic relationship with Deep Well Services (DWS). Both Wellsite and CCS will serve as subcontractors to DWS.

Wellsite Rental Services Announces Merger With Viking Oil Tools

BROUSSARD, La. – Wellsite Rental Services, LLC (“Wellsite”), a leading provider of drilling and completion rental equipment, and Viking Oil Tools (“Viking”), a specialty fishing, thru tubing and remedial services company,  have agreed to merge to form Wellsite Fishing and Rental Services, LLC.  Both companies are majority owned by NGP Energy Technology Partners (“NGP ETP”), an energy private equity firm.

WellsiteFishing“The Wellsite and Viking service offerings are very complementary in completion and remedial applications, so we see this combination as a great strategic opportunity for both companies. We are also very excited to have two proven management teams with deep industry experience partner together,” says Michael LeBourgeois, managing director of NGP ETP.

“Wellsite offers high quality tubulars and associated handling tools along with a variety of other rental items, so combining Viking’s first-class thru tubing, fishing and remedial service lines with our expansive rental portfolio is a strategic move for both companies,” says Kirby Arceneaux, chairman and CEO of the combined company. “This allows Wellsite to provide complete packages of equipment and field service after fracturing operations are completed and enables us to more broadly compete in the drilling, workover and completions markets.”

Viking Oil Tools LLCFollowing the completion of the merger, Wes Heiskell, former president and CEO of Viking will serve as Wellsite’s President.  “The Viking team is excited to be merging with Kirby and his Wellsite team,” says Heiskell. “This strategic merger is a great opportunity for both companies to expand our product and service offerings and deepen our relationships with existing and potential customers across several markets, including the Permian, Marcellus, Utica, Eagle Ford, East Texas and the Gulf Coast.”

Mark Johnson, current president of Wellsite, will serve as the Chief Operating Officer of the combined company. 

“We are looking forward to working with Wes and his team at Viking to bring together the best of both companies,” says Johnson. “Together, we will continue to provide quality products and services to our customers and will strengthen our value in an increasingly competitive market.”

 

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Wellsite Rental Services Appoints Sheppert as Engineering Manager

BROUSSARD, Louisiana ─ Wellsite Rental Services, LLC, a comprehensive, rental equipment provider for the drilling and production sectors of the oil and gas industry, has appointed Stephen Sheppert as engineering manager.

stephen_sheppert_engineering_managerSheppert’s responsibilities include engineering support for all of Wellsite’s product lines with primary focus on the Hydraulically Operated Flush Mounted Slips for tripping drill pipe.

Sheppert’s past experience includes working in a technical role while working for Offshore Energy Services and as a senior engineer in the Mechanical Integrity Division at Global X-ray and Testing.

“We are pleased to add Stephen’s mechanical expertise to our team,” said Kirby Arceneaux, Wellsite Rental Services chairman. “With 15 years of industry experience and Stephen’s hands on knowledge in the area of Flush Mounted Slips will greatly benefit our company.”

Wellsite Rental Services’ Diesel Light Towers Reduce Operating Expenses with Added Benefits

BROUSSARD, Louisiana ─ Wellsite Rental Services, a comprehensive, rental equipment provider for the drilling and production sectors of the oil and gas industry, has added long-run diesel light towers to its rental equipment line.

wellsite_rental_services_diesel_light_towers

The light towers supply portable lighting when electricity is not available or convenient, especially during night hours.

While burning less fuel than other similar products, each unit can reach 225 hours of operation on a single tank of fuel, reducing fuel costs and labor expenses.

The units use LED lighting technology that maintains a lifespan of 50,000 hours. This technology provides a more efficient use of light energy with lower power consumption.

Each light tower operates with an “instant on” feature, providing full brightness immediately. The unit also automatically turns itself on at dusk and off at dawn, eliminating the need for manual interaction.

As a product that can compress into compact locations for storage, the light towers can also rise to 30” when deployed and rotate 360 degrees.

 “These light towers provide our customers the opportunity to work in a brighter environment than what has been offered by metal halide light towers, reduce their carbon footprint and eliminate approximately one-third of the operating costs,” said Kirby Arceneaux, chairman of Wellsite Rental Services. “This addition diversifies our rental product offerings and directly benefits projects for oil and gas operators and construction contractors.”

Butler County Firm Deep Well Services Tackles Tough Gas Wells

By David Conti

When Deep Well Services’ clients started talking about drilling higher-pressure gas wells with longer horizontal reach, they moved right into the Zelienople firm’s sweet spot.

“The jobs with the longer laterals … that has to be done with a snubbing unit,” President Mark Marmo said of the unique equipment his company uses to complete shale wells. “For the higher pressure, you need us.”

“It’s good news for us,” said Chief Operating Officer John Sabo.

Six years after starting as a well rig servicing outfit with two employees in Charleston, W.Va., Deep Well has found a niche in the expanding Marcellus and Utica shale markets, settling in Butler County last year. It’s the only snubbing company in Pennsylvania.

Revenue nearly doubled to $14.2 million in 2013 and is on pace to hit $27 million this year, Marmo said. Staffing levels climbed to about 125 workers, and Marmo expects that to eclipse 190 early next year.

The company picked up national exposure this fall when it completed what many called the most productive well in the Utica shale, a 10,825-foot-deep and mile-long well for Magnum Hunter Resources Corp. in Tyler County, W.Va. Its initial testing showed 46.5 million cubic feet of natural gas per day.

Officials with Houston-based Magnum Hunter did not return calls for comment.

“Their personnel seem highly trained with the right level of expertise,” said Dennis Degner, vice president of southern Marcellus operations for Range Resources Corp., which has contracted with Deep Well to complete wells. “The future really looks to longer horizontals, and Deep Well provides the equipment to do that.”

Deep Well is planning for more growth and the challenges that brings, Marmo and Sabo said.

“Finding talent can be tough,” Sabo said, echoing a common complaint among companies looking to hire Western Pennsylvania workers with training and experience in well services.

Deep Well has started its own training classes, modeling safety programs after higher Canadian standards learned from employees from that country.

“It’s a very dangerous job. You can’t hire garbage,” Marmo said.

The company is adding equipment to meet demand. It will get a second standalone snubbing unit with the power to pull 285,000 pounds of weight next month, and a third in the first quarter of 2015.

“These 285s are definitely the wave of the future,” Marmo said. “They’ll be fast and will add value.”

Cutting the time it takes to complete a well saves operators money as they struggle with smaller profit margins because of depressed prices.

Deep Well is further trying to make itself more financially attractive to well producers by partnering with other contractors to bundle services. A company can get Deep Well to complete the well, equipment from Louisiana-based Wellsite Rental Services (which rents space in Deep Well’s building), tools from Extreme Energy Services, and well testing from Vulcan Oilfield Services in one package.

“We can make it so they’re dealing with less companies and getting just one bill,” Marmo said.

Competition among oil and gas contractors is heating up as producers tighten their belts in the face of low prices. Major oilfield services firms Halliburton and Baker Hughes are merging. Cecil-based Consol Energy Corp. is cutting the number of suppliers it hires for coal and gas operations in half to about 1,500.

“We hope the competition doesn’t panic and drop prices,” Marmo said. “We can’t control commodity prices or regulations. But we can control safety, and that’s what we’ll focus on.”

That safety-first mentality is what companies such as Consol and Range Resources say they look for in contractors such as Deep Well.

“They have to share the Range culture of environmental stewardship, a good approach to safety and using the proper safeguards in all their work,” Degner said. “Deep Well has definitely demonstrated they’re willing to go the extra mile.”

David Conti is a Trib Total Media staff writer. Reach him at 412-388-5802 or dconti@tribweb.com.

Wellsite Rental Services Expands to Marcellus and Utica Regions

ZELIENOPLE, Pennsylvania ─ Wellsite Rental Services, a comprehensive rental equipment provider for the drilling and production sectors of the oil and gas industry, is partnering with Deep Well Services (DWS) to serve the Marcellus and Utica regions. DWS is a premier supplier of snubbing and workover units within the Appalachia region.

Through this partnership, Wellsite will open a new office in Zelienople, Pennsylvania, in October 2014.

Wellsite will lease 30,000 square feet of office space from DWS, allowing the two companies to work in the same building complex. In addition to purchasing supplies, vehicles and other investments associated with a new office, Wellsite plans to hire locally within the region.

“Wellsite Rental Services has an extreme amount of experience in the industry,” said Mark Marmo, DWS president and CEO. “They have seen growth happen elsewhere and are bringing their experience to our area and our customers.”

“We are excited about our partnership with Deep Well Services,” said Kirby Arceneaux, chairman of Wellsite Rental Services. “This allows our team to provide cost-effective rental services to the Utica and Marcellus markets while benefiting the region from an economic perspective.” 

 

Deep Well Services

DWS is the only snubbing company headquartered in Pennsylvania, and the majority of its employees are Pennsylvania, Ohio and West Virginia residents. The company furnishes service rigs and rig assist/standalone snubbing units and has a roustabout line of business in the Appalachia region. More information is available at www.deepwellservices.com.

Wellsite Rental Services Receives Growth Equity Investment; Adds Rental Tubing Inventory

LAFAYETTE, Louisiana – Wellsite Rental Services, LLC (Wellsite), a comprehensive rental equipment provider for the drilling and production sectors of the oil and gas industry, has added rental tubing and associated handling tools to its portfolio as a result of an equity investment from NGP Energy Technology Partners (NGP ETP), announced Kirby Arceneaux, Wellsite chairman.

The initial inventory of internally coated rental tubing will consist of commonly used PH-6 inventory and will expand to include premium threaded connections. The product line will be supported by Wellsite’s extensive industry experience and comprehensive quality control measures.

“Our goal is to grow our product offering while continuing to provide our customers with the highest quality service in the industry, said Arceneaux, “and we look forward to partnering with NGP ETP to enhance our first-­class customer service, personnel and equipment. NGP ETP’s capital and its experience partnering with growing oilfield service companies will help Wellsite expand its footprint and product offering while responding quickly to its customers and delivering the best solutions.”

Michael LeBourgeois, managing director of NGP ETP, said, “We are very excited about our partnership with the Wellsite management team. By combining the industry expertise of the Wellsite team with the resources and experience of the NGP ETP platform, we anticipate significant long-term growth potential and look forward to working side-by-side with the team to expand the business.”

Phil Deutch, managing partner of NGP ETP, added, “NGP ETP was formed with the belief that a core focus of energy technology investing is deploying capital in innovative and compelling products and services targeting the oil and gas industry. We believe Wellsite is a prime example of this strategy.”

 

About Wellsite Rental Services, LLC

Wellsite Rental Services is a comprehensive rental equipment provider for the drilling and production sectors of the oil and gas industry. The company provides rental tubing & associated handling tools, specialty trailers, cooling and heating trailers,  variable bore rams and additional rental equipment. The company provides cost-effective solutions for its customers throughout North America. For more information, visit www.wellsiterentalservices.com.

 

About NGP Energy Technology Partners

NGP Energy Technology Partners (“NGP ETP”) is a private equity firm that invests in companies that provide products and services to the oil and gas, power, environmental, energy efficiency and alternative energy sectors. Founded in 2005, NGP ETP manages approximately $500 million in committed capital and is led by professionals that have extensive experience investing across the energy industry. NGP ETP partners with experienced management teams executing on compelling strategic plans and works with them to drive significant value creation.

NGP ETP is affiliated with NGP Energy Capital Management (“NGP ECM”), a premier investment franchise in the natural resources industry, which together with its affiliates has managed approximately $13 billion in committed capital since 1988. NGP ECM’s investment platform includes Natural Gas Partners, NGP Global Agribusiness Partners, NGP Capital Resources Company (NASDAQ: NGPC) and NGP Energy Technology Partners. NGP ETP is headquartered in Washington, DC and has an office in New Orleans, LA. www.ngpetp.com

Wellsite Rental Services Receives Growth Equity Investment from NGP Energy Technology Partners

BROUSSARD, Louisiana — Wellsite Rental Services, LLC (“Wellsite,” or the “Company”) today announced that the Company has received an equity investment from NGP Energy Technology Partners (“NGP ETP”) and the Wellsite management team. Wellsite provides oilfield rental equipment to its customers in the oil & gas industry. The Company provides rental tubing & associated handling tools, specialty trailers, cooling and heating trailers, variable bore rams and other equipment being designed to reduce drilling and completion costs. Wellsite is based in Broussard, Louisiana, and has additional facilities in Tulsa, Oklahoma, and Victoria, Texas. The company, founded by Kirby Arceneaux, is led by a talented, well respected management team with over 100 years of collective experience in the oil & gas service business. Fred Fondren and Jessica Roger, initial investors in the company, also strengthen Wellsite’s leadership team. Mark Johnson, President of Wellsite, has recently joined the leadership team after senior executive roles at CSI Inspection, Allis Chalmers, and Oil & Gas Rental Services.

”Wellsite Rental Services is led by a seasoned team of oilfield service executives with proven track records of delivering value to customers and a commitment to health, safety and quality standards,” said its Chairman, Kirby Arceneaux. “We are excited to partner with NGP ETP again to build a company with first-class customer service, personnel and equipment. NGP ETP’s capital and its experience partnering with growing oilfield service companies will help Wellsite expand its footprint and product offering while responding quickly to its customers and delivering the best solution. Our success is driven by providing our customers with the highest quality services in the industry.”

”We are very excited about our partnership with the Wellsite management team and for the opportunity to partner with Kirby again,” said Michael LeBourgeois, Managing Director of NGP ETP. “By combining the industry expertise of the Wellsite team with the resources and experience of the NGP ETP platform, we anticipate significant long-term growth potential and look forward to working side-by-side with Kirby and the team to build the business.” Phil Deutch, Managing Partner of NGP ETP, added, “NGP ETP was formed with the thesis that a core focus of energy technology investing is deploying capital in innovative and compelling products and services targeting the oil and gas industry. We believe Wellsite is a prime example of this strategy.”

 

About NGP Energy Technology Partners

NGP Energy Technology Partners (“NGP ETP”) is a private equity firm that invests in companies that provide products and services to the oil and gas, power, environmental, energy efficiency and alternative energy sectors. Founded in 2005, NGP ETP manages approximately $500 million in committed capital and is led by professionals that have extensive experience investing across the energy industry. NGP ETP partners with experienced management teams executing on compelling strategic plans and works with them to drive significant value creation. NGP ETP is affiliated with NGP Energy Capital Management (“NGP ECM”), a premier investment franchise in the natural resources industry, which together with its affiliates has managed approximately $13 billion in committed capital since 1988. NGP ECM’s investment platform includes Natural Gas Partners, NGP Global Agribusiness Partners, NGP Capital Resources Company (NASDAQ: NGPC) and NGP Energy Technology Partners. NGP ETP is headquartered in Washington, DC and has an office in New Orleans, Lousiana. www.ngpetp.com

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