Welcome!

News Feed Item

Four Oilfield Service Companies Join Forces, Form Nine Energy Service

Company Offers Customized Completion Solutions and Wireline Services

HOUSTON, TX -- (Marketwired) -- 06/10/14 -- Nine Energy Service, a new oilfield services company which offers completion solutions and wireline services, was formally announced today as a merger of four best-of-breed oilfield services companies; Northern States Completions (NSC), Tripoint LLC, CDK Perforating (CDK) and Integrated Production Services Canada (IPS).

The new company provides customized conventional and unconventional completions and wireline services and offers its clients big company services with the responsiveness of a local supplier. Nine brings years of experience into play with unmatched service, committed to ensuring clients reach their goals in the most efficient and cost-effective way. The company's name was selected to reflect its commitment to skillful planning and execution at the well site.

"The name 'Nine' represents our team's aspirations," said Paul Butero, Nine president and CEO. "We recognize that perfection in the oilfield is impossible to achieve and that a nine out of ten reflects superiority in the industry. Our name is a reminder of our commitment to provide the best."

With experience in the major North American basins, NSC and Tripoint, CDK and IPS bring different areas of oilfield service expertise to Nine and allows the company to keep a strong foothold and reputation in the areas where the legacy companies previously operated.

"The team that formed Nine has a long history of delivering quality service and executing flawlessly at the well site," Butero continued. "It is this commitment that is an inherent part of the culture at Nine, and it is what sets us apart. Nine is constantly looking at new ways to create innovative solutions in an effort to drive operational efficiencies, resulting in lower well costs."

The company will continue to couple strategic acquisitions with organic growth to further diversify and improve the services the company offers, starting with the first two acquisitions; Peak Pressure Control, a pressure control services company and Dak-Tana Wireline, a wireline services company.

This adds to the company's geographical footprint in all the major North American plays with over 20 locations offering a full range of conventional and unconventional completions and wireline services. Peak Pressure Control, founded in 2010 operates out of Midland, Texas and Dak-Tana Wireline, founded in 2007, operates out of Baker, Montana and Dickinson, North Dakota.

NSC and Tripoint, formerly known for both conventional and unconventional completions, had operations in Alaska, North Dakota, Texas, West Virginia, Oklahoma and Louisiana. CDK began as a perforating services provider in the Barnett Shale, and expanded to offer wireline services for clients in Texas, Oklahoma, West Virginia, Eastern Ohio, North Dakota, Southern New York and Pennsylvania. IPS earned a reputation for delivering innovative production enhancement solutions for oil and gas producers via discreet services and customized solutions throughout all of Canada.

For more information about Nine Energy Service, visit www.nineenergyservice.com.

About Nine Energy Service

Nine Energy Service, with over 20 locations in North America, is a new and nimble completions and wireline company formed from the merger of four best-of-breed oilfield services companies. Nine offers significant experience in major North American basins along with a deep commitment to serving clients with customized solutions and world-class resources. To find out more about Nine Energy Service visit www.nineenergyservice.com.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web ...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes how...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Phil Hombledal, Solution Architect at CollabNet, discussed how customers are able to achieve a level of transparency that e...
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, discussed how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved efficienc...
Amazon has gradually rolled out parts of its IoT offerings, but these are just the tip of the iceberg. In addition to optimizing their backend AWS offerings, Amazon is laying the ground work to be a major force in IoT - especially in the connected home and office. In his session at @ThingsExpo, Chris Kocher, founder and managing director of Grey Heron, explained how Amazon is extending its reach to become a major force in IoT by building on its dominant cloud IoT platform, its Dash Button strat...
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, will share examples from a wide range of industries – includin...
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, provided an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data professionals...
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...