NexTier Oilfield Solutions Inc. (NEX)

8.85 -0.28 (-3.07%) At close: 04:00PM EST

NexTier Oilfield Solutions Inc.

3990 Rogerdale Road
Houston, TX 77042
United States
713 325 6000
https://nextierofs.com

Sector(s): Energy
Industry: Oil & Gas Equipment & Services
Full-time employees: 3,340

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Robert Wayne Drummond Jr.	CEO, Pres & Director	2.13M	N/A	1961
Mr. Kenneth H. Pucheu	Exec. VP & CFO	818.04k	N/A	1979
Mr. Matthew Gillard	Exec. VP & COO	595.4k	N/A	1972
Mr. Kevin M. McDonald	Exec. VP, Chief Admin. Officer, Gen. Counsel & Sec.	911.07k	N/A	1967
Mr. Ian R. Henkes	Sr. VP of Operations	637.05k	N/A	1972
Mr. Oladipo O. Iluyomade	VP, Chief Accounting Officer & Treasurer	N/A	N/A	1978
Mr. Michael James Sabella	VP of Investor Relations & Bus. Devel.	N/A	N/A	N/A
Mr. William D. Driver	Sr. VP of Product Lines	N/A	N/A	1966
Mr. Michael J. McKie	Pres of Alamo Pressure Pumping	N/A	N/A	1984

Amounts are as of 31 December 2021, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

NexTier Oilfield Solutions Inc., through its subsidiaries, provides well completion and production services in various active and demanding basins. The company operates through two segments, Completion Services, and Well Construction and Intervention Services. The Completion Services segment offers hydraulic fracturing services to enhance production of oil and natural gas from formations with low permeability and restricted flow of hydrocarbons; wireline services; and perforating, pumpdown, pipe recovery, pressure pumping, and wellsite make-up and pressure testing services. As of December 31, 2021, it had approximately 2.1 million of fracturing hydraulic horsepower, 101 wireline trucks, and 76 pumpdown units. The Well Construction and Intervention Services segment provides cementing services that incorporate custom engineered mixing and blending equipment to ensure precision and accuracy in providing annulus isolation and hydraulic seal, while protecting fresh water zones from its customers' zone of interest; and engineering software and technical guidance for remedial cementing applications, and acidizing to optimize the performance of its customers' wells. This segment also offers coiled tubing services to help customers in accomplishing various goals in their horizontal completion, workover, and well maintenance projects. As of December 31, 2021, it had approximately 17 coiled tubing units and 74 cementing units. The company serves integrated and large independent oil and natural gas exploration and production companies in the United States and internationally. NexTier Oilfield Solutions Inc. was founded in 1973 and is headquartered in Houston, Texas.

Corporate governance

NexTier Oilfield Solutions Inc.’s ISS governance QualityScore as of 28 January 2023 is 4. The pillar scores are Audit: 4; Board: 3; Shareholder rights: 4; Compensation: 7.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.