NCS Multistage Holdings Inc.
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About
NCS Multistage Holdings Inc. is a leading provider of highly engineered products and support services that facilitate the optimization of oil and natural gas well completions and field development strategies. NCS provides products and services to exploration and production companies for use in horizontal wells in unconventional oil and natural gas formations throughout North America and in selected international markets, including Argentina, China, Russia, the Middle East and the North Sea. NCS’s common stock is traded on the NASDAQ Global Select Market under the symbol “NCSM.”
Editor's note: Updated April 3, 2020.
New Financings
Opened IPO of 9.5 million common shares priced between $15 and $19 each. Underwriters received option to…
Launched an IPO of 9.5 million common shares priced between $15 and $18 each. Underwriters granted 30-day…
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News
NCS Multistage Taps Michael Morrison from ION for CFO Position
NCS Multistage’s current CFO, Ryan Hummer, was named Co-founder and CEO Robert Nipper’s successor, who announced his intention to retire in late July.
NCS Multistage Wins Patent Infringement Case Against TCO
Per a recent U.S. District Court decision, service provider TCO's TDP-PO casing flotation device was found to violate NCS Multistage Holding's casing float tool patent.
NCS Multistage Holdings Taps Ryan Hummer to Succeed Robert Nipper as CEO
NCS Multistage Holdings CFO Ryan Hummer will succeed Robert Nipper as CEO, who helped found the company in 2006.
Oilfield Service Companies Cut Jobs, Brace for Bankruptcies
Eight oilfield service providers, with a total of $10.9 billion in debt, have filed for bankruptcy this year, including three since prices fell to $20 a barrel in early March.
Shale Service Providers Liberty, NCS Multistage Lay Off Workers
Liberty Oilfield Services is cutting its workforce by 7%, while NCS Multistage plans to plans to reduce its workforce by 20%, the oilfield service companies said April 2.