Founded in 1979 as Missouri Basin Well Service, MBI Energy Services has been on a positive trajectory ever since it opened up shop with one truck. The company has continuously diversified and expanded its services, allowing it to become a strong player in the oil well service industry. Today, the company’s trucking fleet has swelled to more than 500 trucks, along with more than 1,100 contract drivers transporting oil, sand, water and other oilfield products.
“Including subcontractors, we now have more than 1,000 trucks working, and we have diversified,” CFO Tony Hauck says. “We’re not just on the trucking side. We are also involved with well intervention services, such as hot oil trucks, workover rigs and down-hole tools.”
The company offers an array of services that extends from fluid management, environmental services and well completion and intervention to facilities construction and ancillary well-site support services. The company strives to be known for consistent, dependable service, top-of-the-line equipment, safety, innovation and oilfield experience.
Although LL Industrial Transmission Inc. has been in business only since 2009, the company has a long legacy thanks to the experience of founder and President Leroy Law and the team he has assembled. Law has been involved with building Allison transmissions for well-servicing and drilling rigs for decades, and LL Industrial Transmission has gotten off to a strong start serving Permian Basin operators.
“We provide parts, service and complete overhauls for Allison transmissions for oilfield equipment such as well servicing units, mud pumps, drilling rigs, frack pumps and cement pumps,” Law says.
Thanks to Live Oak Railroad’s state-of the-art facilities and strategic location, both industrial and oil and gas interests in South Texas and in the Eagle Ford Shale play now have a transportation solution partner to help them.
“We have about $110 million in committed capital with different projects going on in and around the rail yard,” Managing Partner Greg Seay says.
“We can do simple land sale or lease agreements, or we can provide infrastructure financing for people interested in the facility,” Managing Partner Barton Simpson adds.
Liberty Oilfield Service specializes in frac designs that are not always the easiest for the company, but provide the best production results for its customers.
The Denver- based company was founded in 2011 by several experienced frac workers who became pioneers in the development of fracking and completion technology in shale gas plays. The founders of the company helped launch the revolution in unconventional shale development through horizontal drilling, utilization of stage diversion techniques and high-intensity hydraulic fracturing.
Liberty is focused on being the service provider of choice in high frac-intensity basins, such as the Williston Basin in North Dakota and DJ Basin near Denver. The company provides hydraulic fracturing, engineering services and equipment rentals. “We want to be the best service provider in the industry,” declares Leen Weijers, vice president of technology and sales. “In just two years we have grown into a pumping services provider with about 300 employees.”
The exploration and processing market can be challenging, but Key Energy Services says it is there to help operators. “[We] offer clients a comprehensive and advanced array of onshore energy production services backed by deep knowledge,” it says.
Based in Houston, Key Energy offers workover, fluid and logistics, fishing and rental, and drilling services. The company started operations as part of The Yankee Cos., which consisted of multiple businesses in the energy, environmental and banking sectors.
In 1988, Yankee chose to refocus its strategic plan and concentrate on energy services. “As a result, the company’s non-energy operating entities were jettisoned, and the corporation was rebuilt, using its West Texas well-servicing division, Yale E. Key, as the foundation,” Key Energy says.
Over the years, Yankee underwent a program of acquisitions that led to Key Energy’s creation. Additionally, the company continued its reformulated business plan “to consolidate the fragmented well-services business by building a strong company with critical mass and financial stability,” it says.
In its 48 years as a component supplier for oil and gas producers, J.B. Smith Mfg. Co. has never seen the industry quite like it is today. The Houston-based company manufactures tubular fittings, swages and bull plugs that are used as connectors and fitters in upstream, midstream and downstream oil and gas operations.
Production Manager Eddie Gomez explains that the emergence of hydraulic fracturing hasn’t necessarily led to changes in the types of products J.B. Smith manufactures but it has changed the frequency.
“Where it really fluctuates is the type of fittings and the demand,” Gomez explains. “Because of the hydraulic fracturing process, we’ve seen some products come into higher demand while others have decreased.”
For instance, when it comes to swages, Gomez explains that the two- six- and 10-inch types have grown in popularity while demand for four-inch swages has waned.
Ivanhoe Energy is eager to address the shortage of oil that is expected to occur in coming years. According to Ivanhoe Energy’s own consultants, as well as research done by the oil and gas industry and some of the majors, many see a significant shortfall in supply by 2030. Even with light oil production and oil produced from fracking, there still will be a shortfall, and Ivanhoe Energy believes heavy oil can make up for that.
“There is a tremendous amount of heavy oil in the world, we just have to monetize it to meet the global crude oil demand,” Chief Technology Officer Michael Silverman says. “Heavy oil is difficult to monetize because it takes a tremendous amount of energy to get it out of the ground; it has a very high viscosity and can’t be moved through pipelines; and the material straight out of the ground has little value because there is so much residual oil in it. However, we are eliminating all three of these major challenges.”
For more than 75 years, Hoffman Construction has been in the earthmoving business. "We move dirt well," President Jim Hoffman says. Even more importantly, the company knows how to manage projects well. The Black River Falls, Wis.-based company manages from 15 to 20 major highway and site development projects each year.
Hoffman began exploring the possibility of creating a frack sand mining arm of his business. Leveraging the firm's project management expertise, as well as its fleet of scrapers, bulldozers, off-road trucks, backhoes and dump trucks, the company began investing its resources in the frack sand mining business.
"Frack sand is needed to extract oil and natural gas from shale deposits," Hoffman says. "This industry is booming right now and we’re centrally located in the heart of the frack sand market."
Launched in October 2012, the company's first project was helping to develop a frack sand mining site for EOG Resources, Chippewa County, Wis.