NEWPARK RESOURCES, INC. (NYSE:NR) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure
press release announcing that it has entered into an agreement
with Baker Hughes to provide drilling fluids and related services
as part of Baker Hughes integrated service offering in support of
the Greater Enfield project in offshore Western Australia. Work
under this contract is expected to begin in late 2017 and
generate total revenues of approximately $20 million over a
two-year period.
three-year contract with Cairn Oil Gas to provide drilling and
completion fluids, along with associated services, in support of
Cairns onshore drilling in India. The contract also contains an
option to extend the term for one additional year, at Cairns
discretion. Work under this contract is expected to begin in the
third quarter of 2017 and generate total revenues of
approximately $50 million over the initial three-year term,
subject to the customers drilling activity levels.
Current Report on Form 8-K.
release shall not be deemed filed for purposes of Section 18 of
the Exchange Act of 1934, or otherwise subject to the liabilities
of that section, nor shall such information and exhibit be deemed
incorporated by reference into any filing under the Securities
Act of 1933 or the Securities Exchange Act of 1934 except as
shall be expressly set forth by specific reference in such
filing.
|
Exhibit No.
|
Description
|
|
|
99.1
|
Press release issued by Newpark Resources, Inc. on May
15, 2017. |
About NEWPARK RESOURCES, INC. (NYSE:NR)
Newpark Resources, Inc. is an oil and gas supplier. The Company provides products and services to the oil and gas exploration (E&P) industry. The Company operates its business through two segments: Fluids Systems, and Mats and Integrated Services. The Company’s Fluids Systems segment offers customized solutions, including technical drilling projects involving subsurface conditions, such as horizontal, directional, geologically deep or deep water drilling. It offers drilling fluids solutions to E&P customers in North America; Europe, the Middle East and Africa (EMEA); Latin America, and Asia Pacific. The Mats and Integrated Services segment provides composite mat rentals, well site construction and related site services to oil and gas customers at well, production, transportation and refinery locations in the United States. The Company manufactures DURA-BASE Advanced Composite Mats for use in its rental operations, as well as for third-party sales. NEWPARK RESOURCES, INC. (NYSE:NR) Recent Trading Information
NEWPARK RESOURCES, INC. (NYSE:NR) closed its last trading session down -0.10 at 7.85 with 552,294 shares trading hands.