NexTier Oilfield Solutions Inc (NEX)

Overview

NexTier Oilfield Solutions Inc. (NEX) is a leading provider of essential well completion and production services across various active energy basins. The company’s operations are strategically divided into two primary segments: Completion Services and Well Construction and Intervention Services. Established in 1973 and headquartered in Houston, Texas, NexTier focuses on enhancing oil and natural gas recovery primarily from formations characterized by low permeability and limited hydrocarbon flow.

The Completion Services segment specializes in employing innovative techniques and equipment to boost resource extraction, while the Well Construction and Intervention Services segment is dedicated to delivering critical solutions that ensure the integrity and performance of wells. NexTier primarily caters to major integrated and independent exploration and production (E&P) companies in the United States and other international markets.

Products and Services

• Hydraulic Fracturing

  Utilizing advanced fracturing techniques, NexTier enhances the extraction of oil and natural gas from subterranean formations, enabling efficient resource recovery.

• Wireline Services

  This suite of services encompasses a range of operations including logging, perforating, and production testing, which are vital for the assessment and optimization of well performance.

• Perforating

  NexTier provides comprehensive perforating services that create pathways for hydrocarbons to flow from the reservoir into the wellbore, facilitating effective production.

• Pumpdown Operations

  These operations involve the precise delivery of tools and equipment downhole to assist in various completion and workover tasks, optimizing efficiency and safety.

• Pipe Recovery

  NexTier’s pipe recovery services are designed to safely and efficiently retrieve stuck or damaged pipes from wells, ensuring minimal disruption to operations.

• Pressure Pumping

  With a fleet of pressure pumping units, NexTier offers high-capacity pumping services critical for numerous applications in the oilfield, such as hydraulic fracturing and cementing.

• Wellsite Make-up and Pressure Testing

  This service focuses on assembling various components on-site and conducting pressure tests to ensure the integrity and readiness of well systems before operations commence.

• Cementing Solutions

  NexTier employs custom-engineered mixing and blending equipment to deliver precise cementing solutions, guaranteeing optimal annulus isolation and protecting freshwater zones.

• Engineering Software

  The company offers state-of-the-art engineering software designed to assist clients in optimizing their cementing operations and overall well performance through advanced data analysis.

• Technical Guidance for Remedial Cementing

  NexTier provides expert consultation and guidance to ensure effective remedial cementing practices, enhancing well integrity and performance post-drilling.

• Acidizing Services

  This process optimizes well performance by injecting acid into the wellbore to dissolve rock and improve permeability, facilitating better hydrocarbon flow.

• Specialized Coiled Tubing Services

  NexTier offers a range of coiled tubing services to support horizontal completions, workovers, and ongoing well maintenance, improving operational flexibility and efficiency.