Newpark is stronger than ever.
We have set the industry standard in water-based drilling
fluids. We are doing the same in composite mat development.
We have invested more than $100 million to expand
our capabilities and extend our global reach.
And we are finding ways to build
upon these successes.
New ways
Newpark ways.


A Different Approach

Newpark is changing the paradigm in the industry. We are developing ways to help customers drive operating efficiencies while working in harmony with the environment and improving community relations. This is an unprecedented approach, and our technological focus is leading the industry into a new and better world of drilling fluids and matting solutions.


Expanding capabilities

Newpark is investing in its strategy to be the recognized fluids technology leader. We are building a new fluids blending facility and distribution center to support the growth of our proprietary technologies. We are also upgrading our capabilities and expanding our capacity to serve the deepwater Gulf of Mexico market.



Newpark is entering new markets such as the pipeline and utility infrastructure industries, where our composite matting systems provide temporary roadways and work surfaces for both construction and maintenance. We have doubled our mats manufacturing capacity and we are leveraging that capability to gain traction into new industries.



Deepwater contracts will be a key growth engine for Newpark. We are building upon our experience in Brazil and the Black Sea and leveraging our capabilities to the Gulf of Mexico, with the long-term goal of building a leadership position in the deepwater markets.


Global reach

In 2014, Newpark executed new contract startups in Kuwait, India, the Black Sea and Chile and expanded our mats business in the United Kingdom, adding to our already considerable global reach. We are constantly exploring new opportunities for expansion as we look to support our customers globally.


solid results

Newpark finished 2014 with record revenues and profitability. At the same time, our continued focus on capital discipline has driven record strength in our balance sheet. This financial strength provides extraordinary flexibility to pursue our strategic goals.

To Our

For three years in a row, we have reported that Newpark achieved record-breaking revenues. We are very happy to say that this trend of success continued in 2014. We realized our highest revenues ever, exceeding $1.1 billion, a 7% increase over 2013. We also achieved record EBITDA and operating income, and we repurchased $51 million of our outstanding shares to return value to our shareholders. We have succeeded and grown because we have remained steadfast to our three primary strategies – technology leadership, international growth and outstanding customer service. These three pillars support everything we do, and we believe they will continue to strengthen our company going forward.

David c. AndersonChairman of the Board
Paul L. HowesPresident & Chief Executive Officer

Last year, Newpark continued its 8-year trend of expanding to new places around the globe. Over that time, we have grown our international business by an average of 21% per year.

The Technological Edge

In 2014, our Evolution® family of water-based drilling fluid systems had a break-out year reaching new heights in sales, while being introduced to new markets around the globe. This “step-change” in technology generated $251 million in revenues, more than doubling 2013 sales. The Evolution system has grown from the U.S. base, expanding into Italy, Algeria, Australia, New Zealand, and most recently, into China. And while we continue to drive the growth in Evolution globally, we also remain focused on the development of new fluids technologies, building upon our portfolio of proprietary products.

Over the past year, Newpark continued to differentiate its technology in the mats business as well. In 2014, we achieved record rental revenues driven by the strength of our premium DURA-BASE® composite matting system. We also formally launched our latest development, the DURA-BASE Defender™ Spill Containment System, which reflects the next generation in well site protection, and helps customers reduce the total cost of site construction while ensuring protection of the environment.

We recently completed our manufacturing expansion project, doubling our mat production capacity. Late in 2014, we also broke ground on our new Mats Technology Center and construction is well underway. This facility will allow us to conduct advanced materials research and testing, enhance current products in the field and develop the next generation of matting technologies. Our strategy is to continue to pursue market share growth within existing markets in the matting systems business, while also expanding into new market segments and geographies. Our Technology Center and the new manufacturing capacity will be vital components in achieving these goals.

reaching the world

Last year, Newpark continued its 8-year trend of expanding to new places around the globe. Over that time, we have grown our international business by an average of 21% per year. In drilling fluids, our 2014 growth was driven by new contracts in the Black Sea, India and Kuwait, and we now generate nearly 30% of our fluids revenues outside of North America.

We expect this percentage to grow. Powerful evidence came early in 2015 when we were awarded a $350 million, three-year contract to provide drilling fluids and services to Sonatrach in Algeria. This is the largest contract in our company’s history. We have worked with Sonatrach for years, and the company has reaffirmed its confidence in Newpark with this record-breaking award.

The world offers many opportunities for growth in our business, and we believe our global customers (national and international oil companies) will be the drivers of this expansion outside of North America. We will continue to build upon our strong relationships with these customers. More than ever they need reliable partners, and Newpark will be there for them, wherever they need us.

Our strong
balance sheet allows
us to take advantage of
opportunities that provide
solid ground for
future growth.

While our technologies are the most modern in the world, we’re also very focused on delivering good old-fashioned service – being there on time, with the right products, with well trained people performing at the highest and safest levels.

Leading customer service

Newpark helps customers solve real-world challenges in ways that other companies cannot. New ways. We help them achieve efficiencies, save costs, and meet or exceed their environmental stewardship goals. While our technologies are the most modern in the world, we’re also very focused on delivering outstanding service – being there on time, with the right products, with well-trained people performing at the highest and safest levels.

In 2014, our dedication to service was validated once again by Energy Point Research. For the third year in a row, Newpark won first place in Total Customer Satisfaction - Oilfield Services. We also won first place in the Health, Safety and Environmental category, an award we are particularly proud to share with our employees who make safety a priority every day.

We know 2015 will be challenging throughout the energy industry, particularly in North America. We will navigate this environment on solid footing. Newpark has the financial strength to weather the current cycle and sound strategies in place to gain ground. We will continue to build a broader and stronger foundation through technology leadership, international expansion and excellent customer service. We will focus on delivering products and services that make our customers more efficient and at the same time, reduce the impact of their operations on the environment.

In closing, we thank our outstanding employees for making Newpark the success it is and our shareholders for confidently supporting us in our plans.

David C. AndersonChairman of the Board
Paul L. HowesPresident and Chief Executive Officer

Corporate information


David C. Anderson
Chairman of the Board, Newpark Resources, Inc., Chief Executive Officer, Anderson Partners
Anthony J. Best
Retired President and Chief Executive Officer, SM Energy Company
G. Stephen Finley
Retired Senior V.P., Finance and Administration and Chief Financial Officer, Baker Hughes Incorporated
Paul L. Howes
President and Chief Executive Officer, Newpark Resources, Inc.
Roderick A. Larson
President and Chief Operating Officer, Oceaneering International, Inc.
Dr. James W. McFarland
Rolanette and Berdon Lawrence Distinguished Chair in Finance, A.B. Freeman School, Business at Tulane University
Gary L. Warren
Retired Senior V.P., President, Drilling and Well Services Division, Weatherford International, Ltd.

Executive Officers

Paul L. Howes
President, Chief Executive Officer
Mark J. Airola
Senior Vice President, General Counsel, Chief Administrative Officer, Chief Compliance Officer and Secretary
Jeffrey L. Juergens
Vice President and President, Mats and Integrated Services
Gregg S. Piontek
Vice President and Chief Financial Officer
Bruce C. Smith
Executive Vice President and President, Fluids Systems
Douglas L. white
Corporate Controller and Chief Accounting Officer
  • Newpark Resources, Inc.
    Corporate Headquarters
    9320 Lakeside Blvd., Suite 100
    The Woodlands, TX 77381
    Brian feldott
    Director, Investor Relations
    Phone: 281-362-6800
    Fax: 281-362-6801
  • AUDITORSDeloitte & Touche LLP
    Houston, Texas
    American Stock Transfer &
    Trust Company
    6201 Fifteenth Avenue
    3rd Floor Mail Room
    Brooklyn, New York 11219
    Phone: 718-921-8124
  • ANNUAL MEETINGThe Annual Meeting of Shareholders
    of Newpark Resources, Inc. will be held on
    Friday, May 22, 2015 at 10 a.m. CDT, at
    The Marriott Woodlands Waterway Hotel,
    The Woodlands, Texas.
    New York Stock Exchange
    Symbol - NR

Core Values

Acting honestly, ethically and responsibly in all aspects of our business
Dealing fairly and openly with employees, customers, suppliers and community
Delivering value through performance, innovation and service quality
Using good judgement and taking responsibility for our actions seems that you are using
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Newpark 2014 annual report

Newpark 2014 annual report