Newpark, ( NR ) is an oddity in the oilfield service space. It is an independent- meaning it’s not part of a big conglomerate service company, mud and completion fluids company that has an approved mud formulation for deepwater applications by a Super Major Oil Company-Shell. They recently announced the award of the 3rd rig from this company, and are poised to pick up work from other major operators in the near future. Deepwater muds are very special concoctions that take years to be developed and approved. Newpark beat incredible odds by getting Shell to run this Kronos, but all it takes is one. They did it, in part by hiring the best Shell customer relations and technical team in the business. Folks who’ve worked in Shell offices and know their requirements intimately. Now companies are calling them to talk about it. I see […]