NCS Multistage is an independent technology and services company specializing in multistage completions. In 2006, NCS Oilfield Services, a Canadian company located in Calgary, developed a line of coiled-tubing fracturing tools for the coalbed methane gas market. The following year, the company began offering downhole completion tools and services for both unconventional and conventional completions, including an expanded line of coiled-tubing-deployed fracturing tools. In 2008, NCS introduced the Mongoose Frac® System to compete with plug-and-perforate and ball-drop-sliding-sleeve technology. The new system, which combined sand-jet perforating with a frac-isolation tool assembly, enabled operators to design and execute completions with pinpoint precision and with no practical limits on the number and placement of stages. By eliminating pump-down plugs and ball seats, which restrict the wellbore, the system also simplified post-completion operations. That same year, NCS was also incorporated in the U.S. as NCS Energy Services, with headquarters in Houston, to serve the U.S. market.
In 2010, NCS introduced a new sliding sleeve (GripShift® sliding sleeve) that works in conjunction with the frac-isolation assembly to further streamline multistage completions by eliminating the need for sand-jet perforating. This new system, which is marketed under the Multistage Unlimited® brand, combines controlled pinpoint fracturing with recorded downhole pressures and temperatures to enable operating companies to evaluate and optimize unconventional completions. In 2014, the company introduced MultiCycle® frac sleeves, which can be opened and closed repeatedly, giving operators unprecedented flexibility for completing, producing, and recompleting unconventional wells. To date, more than 170,000 NCS sleeves have been installed, including more than 40,000 MultiCycle frac sleeves.
In 2014, the company changed its name to NCS Multistage in both the U.S. and Canada to reflect the company’s focus on and market leadership in multistage completions. Today the company is the world leader in coiled-tubing hydraulic fracturing for developing unconventional oil and gas resources. NCS has operated throughout North America and in Argentina, Australia, China, and Russia, with a record of more than 10,000 field successes.
NCS Multistage Management Team
Chief Executive Officer, Director
Mr. Nipper is our Chief Executive Officer, a position he has held since November 2016. He previously served as our Chief Executive Officer from December 2012 until April 2016 and as Executive Chairman from April 2016 until November 2016. Mr. Nipper co-founded NCS in 2006 and has served on our Board since December 2012. He has more than 30 years of industry experience and has invented several patented technologies relating to downhole oil and natural gas and geothermal service equipment. Prior to founding NCS, Mr. Nipper spent 18 years with Tri-State Oil Tools Inc. and Baker Hughes, including various operations and sales management positions. Before leaving Baker Hughes, he held the position of North American Marketing Manager.
Mr. Stromquist is our President, a position he has held since November 2016. He has served as a member of our Board since January 2010. Mr. Stromquist co-founded NCS and served as Chief Operating Officer from January 2010 to June 2015, Chief Technology Officer from June 2015 to March 2016, and Chief Executive Officer from March 2016 to November 2016, before being named to his current position. He has served in technical and management positions in the oil and natural gas industry from more than 35 years, in both service company and producer roles. He co-founded Cemblend Systems, Inc., which provided cementing solutions, and Frac Source, Inc., which specialized in stimulation services for unconventional reservoirs. He also served as operations manager of the well services group for Pioneer Natural Resources USA, Inc., and as technical manager for stimulation services for Halliburton Energy Services Canada. He holds numerous patents for completion-related tools and downhole procedures, and he has authored numerous technical papers and articles.
Chief Operations Officer
Mr. Willems is our Chief Operations Officer, a position he has held since May 2015. Mr. Willems previously served as our President of U.S./International Operations from January 2012 to May 2015 and Senior Vice President from April 2010 to January 2012. Mr. Willems has more than 30 years’ experience in the oil and natural gas Industry, specializing in wellbore construction, completion, and remediation. Sixteen of those years were spent in the international arena. He has held diverse positions, including applications engineering, operations, sales, and marketing, and he has held vice president positions for a major service company in U.S. and international operations and marketing. Willems received a B.S. in Petroleum Engineering from Montana College of Mineral Science and Technology.
Chief Financial Officer
Mr. Hummer is our Chief Financial Officer, a position he has held since November 2016. Mr. Hummer previously served as Executive Vice President, Corporate Development since August 2015 and as Vice President, Corporate Development from July 2014 until August 2015. Prior to joining NCS, Mr. Hummer served as Director, Investment Banking, at Lazard Freres & Co. from January 2011 to April 2014, during which time he advised clients on a broad range of transactions, including mergers & acquisitions, restructuring, and debt and equity capital raises. Mr. Hummer holds a B.S. in Economics from the Wharton School of the University of Pennsylvania.
Chief Legal Officer and Secretary
Mr. Trautner is our Chief Legal Officer and Secretary, a position he has held since November 2016. Mr. Trautner previously served as Vice President, General Counsel, from July 2016 to November 2016. Prior to joining us, Mr. Trautner was a corporate and securities Partner at Andrews Kurth Kenyon LLP from March 2014 to July 2016 and a Partner at Norton Rose Fulbright US LLP from March 2007 to March 2014. Prior to that, Mr. Trautner was engaged in the private practice of law as an associate and then a Partner at other national law firms. Mr. Trautner has more than 20 years’ experience in advising energy companies on corporate and securities matters, including mergers and acquisitions, SEC filings and corporate governance matters. Mr.Trautner has a J.D. from the University of Virginia School of Law, an M.D. from the Vanderbilt University School of Medicine, and a B.S. from the University of Notre Dame.
Chief Strategy Officer
Mr. King is our Chief Strategy Officer. Mr. King has more than 25 years of experience in the oil and natural gas Industry, specializing in wellbore construction, completion, and remediation. Three of those years were spent in the international arena. He has served in diverse positions, including applications engineering, operations, and product line management, and he has held a vice president position for a major service company in the U.S. Mr. King received a B.S. in Mechanical Engineering from Texas Tech University and an EMBA from Texas A&M University.