Newpark Resources (NYSE: NR) Sells off Environmental Services Business

Brian Hicks

Written By Brian Hicks

Posted February 11, 2014

oil field texas flowers

Texas-based drilling fluids and materials company Newpark Resources announced on Tuesday that it will be selling its Environmental Services business to Ecoserv LLC, a Colorado-based environmental services holding company under investment firm Lariat Partners. Newpark will receive $100 million in cash for the business, and the deal will close within the first quarter of 2014.

Astronauts at the Mercy of Putin

SpaceX Chief Executive Officer Elon Musk says our space program is fully contingent upon Russia. We spend $70 million per Soyuz shuttle launch to get to the International Space Station, when it could cost as little as $45 million. Commercial space flight could undercut Russia within the next two years, and a couple of prominent companies could bring the US space program back on track.

Angel Publishing Investor Club Discord - Chat Now

Brian Hicks Premium


Hydrogen Fuel Cells: The Downfall of Tesla?

Lithium has been the front-runner in the battery technology market for years, but that is all coming to an end. Elon Musk is against them, but Jeff Bezos is investing heavily in them. Hydrogen Fuel Cells will turn the battery market upside down and we've discovered a tiny company that is going to make it happen...

Sign up to receive your free report. After signing up, you'll begin receiving the Energy and Capital e-letter daily.