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NexTier Oilfield Solutions

NexTier Oilfield Solutions
1973 FOUNDED
PUBLIC STATUS
1K-5K EMPLOYEES
NEX STOCK SYMBOL
6 INVESTMENTS
$6.77 SHARE PRICE (As of Friday Closing)
Description

NexTier Oilfield Solutions Inc is a service provider to the oil and gas industry. It provides services in relation to onshore well development to exploration and production companies. Its services are categorized into Completion Services and Other Services. Under the completion services, the company undertakes most its revenue generating operations, which are hydraulic fracturing and wireline solutions. The hydraulic fracturing process is aimed at pumping millions of gallons of water, sand and chemicals underground to break apart the rocks and release oil and gases, while wireline services involve the use of a single truck equipped with a spool of wireline that is unwound and lowered into oil and natural gas wells to convey specialized tools or equipment for well completion activities.

Formerly Known As
Keane Group, Inc., Keane, Keane Group
Ownership Status
Publicly Held
Financing Status
Formerly PE-Backed
Primary Industry
Other Energy Services
Stock Exchange
NYS
Primary Office
  • 3990 Rogerdale
  • Houston, TX 77042
  • United States

+1 (713) 000-0000
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NexTier Oilfield Solutions Stock Performance

52 wk Range Market Cap Prev. Close EPS Average Volume Shares
$4.05 - $12.50 $1.42B $6.82 -$0.16 2.11M 210M

NexTier Oilfield Solutions Financials Summary

In Thousands,
USD
TTM
30-Sep-2019
FY 2018
31-Dec-2018
FY 2017
31-Dec-2017
FY 2016
31-Dec-2016
Enterprise Value 914,549 1,120,774 2,337,388
Revenue 1,779,889 2,137,006 1,542,081 420,570
EBITDA 286,810 356,250 182,512 (47,809)
Net Income (17,101) 59,331 (36,141) (187,087)
Total Assets 1,058,827 1,054,579 1,043,116 536,940
Total Debt 389,481 351,239 282,947 277,825
Public Fundamental Data provided by Morningstar, Inc. disclaimer

NexTier Oilfield Solutions Valuation and Funding

Deal Type Date Amount Post-Val Valuation/
EBITDA
Debt Status

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NexTier Oilfield Solutions Competitors (18)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Nine Energy Service Formerly PE-Backed Houston, TX 0000 00000 000000000 00000
00000000 0000000 Formerly PE-Backed Midland, TX 0000 00000 00000000000 00000
00000000 000000 00 Private Equity-Backed Midland, TX 000000000000
00000 000000 00000 Formerly PE-Backed Fort Worth, TX 0000 0000 000000&0
000 Corporation Atlanta, GA 0000
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NexTier Oilfield Solutions Investments & Acquisitions (6)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
0&0 000000 0000000 31-Oct-2019 000000000000000000 00.00 Energy Infrastructure 000000 00000000
00000000 000000000 24-Jul-2018 000000000000000000 000.00 Other Commercial Services
00000000 000000 00 03-Jul-2017 000000000000000000 00000 Oil and Gas Equipment 00000 0000000
000000 0000 000000 16-Mar-2016 0000000000 00000 Machinery (B2B) 00000 0000000
Ultra Tech Frac Services 03-Dec-2013 Buyout/LBO Construction and Engineering
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NexTier Oilfield Solutions Investors

Investor Name Investor Type Holding Participating Rounds Investor Since Board Seat Contact Info

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NexTier Oilfield Solutions Executive Team (16)

Name Title Board
Seat
Contact
Info
Robert Drummond Chief Executive Officer & Board Member
Kenneth Pucheu Chief Financial Officer & Senior Vice President
Paul DeBonis Chief Operating Officer
Ted Lafferty Chief Technology Officer & Senior Vice President
Michael Galvan Chief Accounting Officer & Senior Vice President

4 Former Executives

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NexTier Oilfield Solutions Board Members (8)

Name Representing Role Since Contact
Info
0000 0000000000 Self Board Member 000 0000
00000 0000000 NexTier Oilfield Solutions Executive Chairman 000 0000
0000 0000000 Self Board Member 000 0000
0000000 000000 NexTier Oilfield Solutions Board Member 000 0000
000000 00000000 NexTier Oilfield Solutions Chief Executive Officer & Board Member 000 0000

1 Former Board Member

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