1998 – Present
Eventually, hard work paid off. After arduous work and steady growth, NPD persevered in building its rig fleet through the 80s and 90s from two to seven rigs. In 1998, the company sold its assets to Nabors Drilling, including tool pushers and rig crew personnel. Still holding other oilfield equipment, the company changed its name to New Prospect Company. Within months after the sale, many of NPD employees that transitioned to Nabors were unemployed. Mike Oxley, upon learning this, told them to come back to work NPC, even though there was not any work for them to do, we would figure it out together. There was no grand strategy or a business plan in place. Not all business decisions shall be driven by financial reasons. We are loyal to our team members. Our previous Tool Pushers were highly experienced and many operators in the Arkoma and Anadarko basins thought highly of New Prospect’s team.
In 1999, NPC organically pivoted toward a wellsite consulting services as a vehicle to keep that team of six members employed. The company continued growing year after year, by word of mouth and exclusively only drilling supervisors as employees only (no independent contractors yet), until 2006, when our industry went through the expansion of horizontal drilling and multi stage hydraulic fracturing in unconventional plays across the country. Our first leap outside the Midcon region was in East Texas, hiring a dedicated sales team to offer our level of experienced personnel and professionalism to the Haynesville shale, followed by the Marcellus shale. Soon after, our expansion continued to South Texas (Eagle Ford and Gulf Coast region), then to offshore Gulf of Mexico, and finally to the Permian basin.
Today, NPC has a presence on all major basins in the US, both conventional and unconventional, including offshore Gulf of Mexico, with highly experienced wellsite supervisors, from drilling, completions, safety, engineering, construction, HSE, etc.
Because of our roots, we do not measure success by having the highest number of consultants, but by having the best. If you consider yourself in this group, and want to work for a company and be part of something more than just making money, we extend our invitation to contact us and allow us to be of service to you.