Guess they don’t want to spill the beans on the sale just yet? No mention other than “should be concluded mid year 2024.” They gave kudos to eastern hemisphere for making money so I’d guess that means western did the usual and lost it? Engineer meeting in WTX to try and convince us “everything is great and nothings going to change.” When the problem is things need to change. A couple of field sups that I haven’t seen in a year. Engineer manager that pays engineers to sit at the office and do JS work cause he is incompetent in both skill and height. Thought CR would make some changes being the “boss.” But apparently not.
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The ONLY asset of a mud company is their people. Having said that, NP’s people are a complete joke! If you have doubts, look at their (lack of) market share.
Last I heard was 30 days. And that was about 30 days ago. So….. Also heard that as they were letting actual talent go they told them that the accounts they held were Newparks accounts. Not theirs. Straight from the wee fellows mouth (NL). Well seems that’s not the case cause they are losing those accounts. Even Mack Energy (Previous Financier of ADF) gave the work to said released talent. Until the other wee fellow (SS- “Executive Sales”) found out and made a call. You’d think your sales team would know this prior to save it but didn’t. They are shedding work without shedding the useless. Everyone just hanging around hoping to get a handout after the deal goes through. They are the laughing stock of Mud Companies. Not sure any name change can make that clown show look anything like a successful mud company.
Doubt it . Revenues continue to drop each quarter.
Is a deal going to happen soon?
“Also guys…..we were going to give you annual raises but we are going to wait until the buy out then do it.” Anyone believing that deserves to be there.