Newpark Resources Inc

Newpark Resources provides specialty rental and services supporting the oil and gas, utility, pipeline construction, renewable energy and other infrastructure markets. The company operates two business units - Industrial Solutions and Fluids Systems.

Newpark's Industrial Solutions segment is focused on providing high-quality temporary access matting and related rental and services to utility, power grid infrastructure, and renewables customers in North America. It is a leader in the manufacture and rental of innovative composite mats designed for easier transportation, installation, and retrieval.

The Fluids Systems segment provides customized drilling, completion and reservoir fluids products and technical services to exploration and production companies operating in North America, the North Sea, Latin America, the Middle East, and Africa. Newpark offers a portfolio of water-based and sustainable drilling and reservoir fluid technologies.

Newpark has generated over $580 million in total company revenues over the first nine months of 2023. As part of a transformation to focus on more stable growth markets tied to the global energy transition, Newpark recently launched a sale process for its Fluids Systems segment, which it expects to finalize by mid-2024.