You don’t get to be a global technology leader in the oil and gas industry without being a part of the industry’s history. Newpark sprung out of the gold mines of Utah and evolved and adapted throughout the decades in response to market needs.
In 1932, New Park Mining Company was established as the consolidation of three mining companies: Star of Utah Mining Company, Mayflower Mines Corporation, and Park Galena Mining Company.
In 1968, Newpark entered the oil service business with its purchase of SOLOCO Inc., which built roads to swampy well sites. In 1972, the company changed its name to Newpark Resources, Inc. to reflect the change in its core business. The SOLOCO acquisition provided Newpark with the foundation for what would become Newpark Mats and Integrated Services.
In 1981, Newpark began its revolutionary oilfield waste service by opening Newpark Waste Treatment Systems. This company provided environmental services at customers’ drilling sites.
In 1988, Newpark Waste Treatment Systems became Newpark Environmental Services as we opened our own facilities where customers could bring oilfield and industrial chemical waste for us to process.
In 1997, Newpark began our process of assembling a world class drilling fluids business through a number of acquisitions followed by organic growth.
In 2002, Newpark acquired Italy-based Ava Drilling Fluids and Services, and began serving the Mediterranean basin and North Africa.
In 2010, Newpark Drilling Fluids launched Evolution®, an environmentally sound water-based drilling fluid solution to the rigorous operational demands of unconventional shale hydrocarbon development.
In 2011, Newpark acquired Australian-based Rheochem PLC’s drilling fluids and engineering services business, which provides drilling fluids and engineering services to the oil and gas exploration and geothermal industries. With operations in Australia, New Zealand and India, the acquisition gave Newpark an important footprint in the growing Asia Pacific region and supports the continued global expansion of the company’s drilling fluids operations.
In 2012, Newpark acquired Alliance Drilling Fluids LLC, a provider of drilling fluids, proppants, and related services headquartered in Midland, Texas. With its core business in the Permian Basin and Eagle Ford Shale markets, the acquisition of Alliance contributed significantly to increasing our market share in these important regions.
In 2013, Newpark Mats and Integrated Services gained a stronger foothold in the UK and Europe with the acquisition of Terrafirma Roadways, a provider of temporary roadway and worksite solutions to utility, construction, and event customers. Located in Oxfordshire, England, Terrafirma had been a strategic partner with Newpark and the exclusive UK Distributor of Newpark’s DURA-BASE® Advanced-Composite Mat System.
This was also the year that Newpark completed construction on the Newpark Technology Center, a 103,000 square foot facility situated on 11 acres in Katy, Texas. A landmark in company history, the state-of-the-art facility united our technical, laboratory, training and support staff under one roof and enables us to continue making technological breakthroughs for our customers globally.
In 2014, Newpark Environmental Services was sold. This allows us to focus our energy on expanding our markets and developing leading technologies within our core drilling fluids and mats segments.
In 2015, Newpark achieved several significant milestones:
- Newpark Drilling Fluids launched a strategic Deepwater initiative, extending our offshore reach and capabilities with enhanced, customized fluids technology, expanded facilities infrastructure in Port Fourchon, Louisiana, and a team of professionals dedicated exclusively to deepwater products and services. As part of the initiative, we introduced our Kronos™ drilling fluid system, a proprietary, synthetic-based invert emulsion system designed to comply with the environmental requirements for fluids used in deep water.
- Newpark Mats & Integrated Services completed the expansion of our manufacturing plant in Carencro, Louisiana, doubling the size and capacity of our existing plant. The additional capacity helps us keep pace with growing customer demand for our industry-leading DURA-BASE Advanced-Composite mats.
- Newpark Mats & Integrated Services also opened the doors of our new, state-of-the-art Technology Center in Carencro, Louisiana. The Technology Center will support expanded R&D and engineering activities that will help expand our industry-leading mats technology into new markets and new geographic regions.
- Newpark Drilling Fluids completed construction on a new fluids blending facility in Conroe, Texas. The 66,000 sq. ft. facility handles blending of all of our fluids, including Evolution products and new technologies as they’re developed. The facility provides expanded capacity, modern equipment and sophisticated processes to improve packaging, inventory and delivery systems.