Nextier Oilfield Solutions Inc. is a Energy company. Its directors and officers file their transactions with SEC (Form 4). Nothing new has been filed by managers of Nextier Oilfield Solutions Inc. in twelve months, the latest record being from 5 September 2023.
Our records for Nextier Oilfield Solutions Inc. go back to 2017, with no purchases and 35 sales on the open market in total.
For comparison within the same sector, see the insider buying recorded at Borr Drilling Ltd and AXIA Energia S.A. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
FY ended December 2022 · cache
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NexTier Oilfield Solutions Inc. was a U.S. oilfield services company focused primarily on land-based completion and production services for exploration and production customers. It was formed in 2016 as part of the reorganization of Keane Group, giving it a corporate structure designed to support a public listing and growth in North American oilfield services. NexTier was headquartered in Houston, Texas, a key hub for the U.S. energy services industry, and it traded in the U.S. under the ticker NEX on a major exchange before being taken out of the public market following its merger with Patterson-UTI Energy. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1688476/000168847621000039/frac-20201231.htm?utm_source=openai))
From an operating perspective, NexTier’s business model was centered on integrated well completion solutions. Its core business lines included hydraulic fracturing services, wireline and pumping services, and completion support services, which included research and technology capabilities. That mix positioned the company as a solutions provider rather than a pure equipment renter, with a commercial focus on improving efficiency and execution for customers operating in active U.S. shale basins. NexTier emphasized four differentiators in its marketing and filings: safety performance, efficiency, partnership, and innovation. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1688476/000168847621000039/frac-20201231.htm?utm_source=openai))
In competitive terms, NexTier operated in a highly cyclical segment of the energy sector, where activity levels depend heavily on commodity prices, producer budgets, and completion intensity in U.S. onshore basins. Its strength lay in its specialization in U.S. land operations and its ability to deliver a broad completion offering across demanding basins. For investors, this meant exposure to a business with attractive operating leverage in upcycles, but also meaningful sensitivity to market conditions, pricing pressure, and customer capital discipline. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1688476/000168847621000039/frac-20201231.htm?utm_source=openai))
A major recent development was the company’s combination with Patterson-UTI Energy. In June 2023, the two companies announced an all-stock merger of equals to create a leading North American drilling and completions provider. The transaction was approved by shareholders and closed on September 1, 2023, after which NexTier became a wholly owned subsidiary of Patterson-UTI. As a result, NexTier is no longer a standalone publicly traded issuer, although its legacy remains relevant when reviewing historical SEC filings, including Form 4 insider transactions. ([kirkland.com](https://www.kirkland.com/news/press-release/2023/06/kirkland-advises-nextier-oilfield-solutions-on-merger-of-equals-with-patterson-uti-energy?utm_source=openai))
Purchases our model currently ranks for the recommendations list.
All recommendations| Fiscal year end | Revenue | Net income | Diluted EPS | Filing |
|---|---|---|---|---|
| Dec 2022 | 3.24 bn USD | 315.0 m USD | 1.26 USD | 10-K |
| Dec 2021 | 1.42 bn USD | -119.4 m USD | -0.53 USD | 10-K |
| Dec 2020 | 1.20 bn USD | -346.9 m USD | -1.62 USD | 10-K |
| Dec 2019 | 1.82 bn USD | -106.2 m USD | -0.86 USD | 10-K |
| Dec 2018 | 2.14 bn USD | 59.3 m USD | 0.54 USD | 10-K |
Amounts in USD, as filed (forms 10-K, 20-F or 40-F). Source: SEC EDGAR.