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.
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. Mr. 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 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.
NCS Multistage (NCS) is a leading global provider of differentiated products and services that enable oil and gas operators to optimize their assets beginning from initial well construction through well completion and subsequent field development. NCS’s technology offering is centered around diagnostics, enabling optimization, and extending the life of the well bringing impactful solutions to on and offshore operators delivering operational efficiency and productivity improvements.
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 worked in conjunction with the frac-isolation assembly to further streamline multistage completions by eliminating the need for sand-jet perforating. This new system, which was marketed under the Multistage Unlimited® brand, combined 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. This technology quickly led to a predominant methodology of SHIFT FRAC CLOSE® which yielded yet even more control over stimulation design and longevity. By the end of 2014 more than 76,584 NCS sleeves have been installed, including 3,000 MULTICYCLE® frac sleeves just in the first year of production. 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.
2017 was a busy year for NCS Multistage LLC. In February of 2017 NCS along with its partner, RJ Machine, launched Repeat Precision, a Joint Venture specializing in providing composite frac plugs and complementary setting tools. Repeat Precision’s Purple Seal frac plug quickly became recognized in the industry for its reliability, performance, and efficiency in post-stimulation operations.
In April of 2017 NCS launched a successful IPO becoming a publicly-traded company trading on the NASDAQ exchange continuing to position NCS as the world’s leader in pin-point stimulation services and equipment.
In September 2017 NCS acquired Spectrum Tracer Services LLC expanding its product portfolio to include Tracer Diagnostics further adding to the Company’s offering supporting well completions and production. Tracer Diagnostics combined with NCS’s completions offering has allowed NCS to deliver the benefits of pin-point stimulation and control along with early well completion intelligence. This successful technology combination yields a solution delivering optimization and learning in which no other completion method in the industry can do.
In 2018 Repeat Precision launched the Purple Seal Express, a combined disposable setting tool with a Purple Seal plug to help operators maximize safety and improve well completion efficiency.
NCS began to broaden its footprint internationally in 2018 as well. NCS successfully deployed and stimulated its first MULTICYCLE® sleeve system for a major operator in the North Sea. In the same year, NCS began work for a second major operator in the North Sea with a similar system. This NCS completion system executed in the North Sea demonstrated a huge time savings which made some previous uneconomic fields now economical to complete. Today, NCS continues to work in the North Sea.
In 2019, NCS had the following notable successes globally:
In 2020, NCS launched its InnovusTM product platform. At the time of launch, NCS logged the impressive experience record of:
In 2020 reached a milestone with over 10,000 successful Airlock® installations.
In 2020 NCS has traced over 8,000 wells.
In 2020 NCS extends Tracer Diagnostics work in Latin America