Newpark history

To survive, Newpark bought two Louisiana companies in 1968 and got into the oil service business.

In 1972, the company changed its name to Newpark Resources, Inc. to reflect the change in its core business.

1977: The company lists on the New York Stock Exchange; founds Newpark Drilling Fluids.

In 1981, Newpark began its revolutionary oilfield waste service by opening Newpark Waste Treatment Systems.

In 1985, it combined its Louisiana Oilfield Rentals (LOR) with Triumph Drilling Tools, jointly owned by Galveston-Houston and National Lead to form Triumph LOR, Inc.

1986: Newpark divests its interest in Milpark and is delisted from the New York Stock Exchange.

That process culminated in a private financing transaction in 1987, after which only a small public shareholder base remained.

1988: Company reincorporates in Delaware.

Also in 1991, Newpark invested in its environmental cleanup operations.

1995: Newpark moves to the New York Stock Exchange.

1996: Company acquires the marine-related nonhazardous oilfield waste collection operations for Campbell Wells, Ltd.

The company's profits increased to $38 million in 1997.

Then in 1998, oil patch drilling began to dry up, and Newpark suffered a loss of $64 million.

In 1999, it formed Newpark Performance Services Inc., a new operating unit to provide onsite processing, fluid recycling, and waste management as well as drilling fluids.

By 2000, the company was receiving five million barrels of waste a year, and new EPA rules calling for reduced discharges into federal waters were boosting demand for Newpark's services.

Declines in rig activity after July 2001 reduced Gulf Coast activity, however, and these volumes retreated to 3.6 million barrels per year shortly thereafter.

In 2002, Newpark acquired Italy-based Ava Drilling Fluids and Services, and began serving the Mediterranean basin and North Africa.

In 2010, Newpark Drilling Fluids launched Evolution®, an environmentally sound water-based drilling fluid solution to the rigorous operational demands of unconventional shale hydrocarbon development.

In 2011, Newpark acquired Australian-based Rheochem PLC’s drilling fluids and engineering services business, which provides drilling fluids and engineering services to the oil and gas exploration and geothermal industries.

In 2012, Newpark acquired Alliance Drilling Fluids LLC, a provider of drilling fluids, proppants, and related services headquartered in Midland, Texas.

In 2013, Newpark Mats and Integrated Services gained a stronger foothold in the UK and Europe with the acquisition of Terrafirma Roadways, a provider of temporary roadway and worksite solutions to utility, construction, and event customers.

In 2014, Newpark Environmental Services was sold.

In 2015, Newpark achieved several significant milestones:

In 2018,Newpark Fluids Systems expanded its offering to include not only drilling fluids, but stimulation, and completion fluids as well.