Mountainview Energy’s founders believe strongly that the company can be a major player in the highly active Williston Basin – so much so that they have a large personal financial stake in it. “We came together to build this because we all have significant expertise in oil and gas,” says CEO Patrick Montalban, who co-founded the Cut Bank, Mont.-based exploration and development company in 2002. “We have all invested in the company and believe in our people and our area of development highly.”
Montalban and co-founders Carter Stewart and Jim Arthaud personally own 47 million of the TSX Venture Exchange-traded company’s 87 million shares. “We all have skin in the game,” he says.
Most of Mountainview’s founders’ industry experience is within the Williston Basin and surrounding oil and gas plays. Montalban has worked in various executive capacities for MSR Exploration Ltd., a public oil and gas exploration company working in the Montana, North Dakota and Texas oil fields. Along with his father, he also formed two private exploration and compression companies that are still operating. Arthaud’s experience includes owning and operating a service company in the Williston Basin, and Stewart has worked in the area in several capacities for more than 40 years, Montalban notes.
Oil and gas operations take place in some of the most remote and unforgiving environments on the planet, which means being resourceful is critical. Making every resource count is absolutely necessary for oil and gas operations, which is why Moser Energy Systems has been a trusted partner of numerous oil and gas companies for more than 40 years. Vice President Jakob Norman says the company’s ability to manufacture generators that make the most of what’s available in the field has made it a success, and the company’s goal is to become the biggest natural gas generator supplier in the world.
Moser Energy Systems was founded by Jim and Kathy Moser in 1973 as an engine service company serving the oilfields of Wyoming. Eventually, the company started to offer other types of services, including distribution of engine components. Norman explains Jim Moser quickly earned a reputation in the industry for being able to solve virtually any issue with engines, and he parlayed that knowledge into building custom power generation packages for customers. From there, it was a natural progression for the company to building engines that ran off of fuels other than diesel or regular gasoline.
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.