October 17, 2017 1:24 PM ET

Energy Equipment and Services

Company Overview of Sidewinder Drilling Inc.

Company Overview

Sidewinder Drilling Inc. owns and operates a fleet of land drilling rigs. It provides contract drilling services to publically traded exploration and production (E&P), international oil and gas, and independent E&P companies in North America. The company was founded in 2011 and is based in Houston, Texas.

952 Echo Lane

Suite 460

Houston, TX 77024

United States

Founded in 2011

Phone:

832-320-7600

Fax:

832-320-7699

Key Executives for Sidewinder Drilling Inc.

CEO, President & Director
Chief Operating Officer and Senior Vice President
Chief Administrative Officer and Senior Vice President
Vice President of Sales
Vice President of Marketing
Compensation as of Fiscal Year 2017.

Sidewinder Drilling Inc. Key Developments

Sidewinder Drilling LLC Announces Management Changes

Sidewinder Drilling LLC announced the retirement of Jon C. Cole as Chief Executive Officer and the promotion of J. Anthony Gallegos Jr. to Chief Executive Officer and member of the Board of Directors. Mr. Cole will continue to serve as Chairman of the Board of Directors of the company. In addition, the company announced the promotion of Scott A. Keller, who was formerly Director of Marketing, to Vice President of Marketing. Mr. Keller will report directly to Mr. Gallegos in his new role and will have executive responsibility for the marketing, sales and contracting functions of the company. Mr. Gallegos has over twenty-five years of experience in the land and offshore domestic and international contract drilling business. Prior to this promotion, for the past three years, Mr. Gallegos served as President & Chief Financial Officer with overall responsibility for the profitability and operating performance of the company. Mr. Gallegos was a founder of the Company and served as Senior Vice President & CFO and in that role was responsible for Sidewinder's financial, accounting, contracts, marketing, risk management and supply chain functions. Mr. Keller has over fifteen years of experience in the land contract drilling business and oilfield rental and service business - working both domestically and internationally. Prior to this promotion, Mr. Keller held the position Director of Marketing for the company and in that role was involved in marketing and contracting Sidewinder's fleet of drilling rigs across the United States. Mr. Keller held that position until his promotion this week. Mr. Keller joined the company in 2012 as Marketing Manager. Prior to joining Sidewinder, Mr. Keller held the position of International Business Development Manager for Allis Chalmers Energy from March 2007 to November 2011.

Sidewinder Drilling Inc. Presents at 2017 Louisiana Energy Conference, May-31-2017 11:15 AM

Sidewinder Drilling Inc. Presents at 2017 Louisiana Energy Conference, May-31-2017 11:15 AM. Venue: Westin Canal Place Hotel, New Orleans, Louisiana, United States. Speakers: Jon C. Cole, Chairman and Chief Executive Officer.

Energy Recovery Announces Launch of MTeq™ for Mud Pumping and Agreement with Sidewinder Drilling LLC as Maiden Early-Stage Partner

Energy Recovery, Inc announced the release of MTeq a pumping solution engineered to increase productivity and reduce operating costs in the mud pumping process in Oil & Gas drilling applications by rerouting abrasive fluids away from high-pressure pumps. In conjunction with the MTeq product launch, Energy Recovery announces a partnership with Sidewinder Drilling LLC as its first early-stage partner for the solution. MTeq utilizes Energy Recovery's innovative PXTM Pressure ExchangerTM technology, currently used globally in desalination, and applies it to the upstream Oil & Gas drilling and mud pumping process. This is in keeping with the central imperative of the company's long-term strategy to develop derivatives of the Pressure Exchanger technology and subsequently identify channel partners with which to bring new technology to market. MTeq creates value by protecting pumping equipment in a critical process related to drilling oil and gas wells called mud pumping. During mud pumping, a drilling fluid, also known as drilling mud, is circulated from a mud pit through the borehole to remove cuttings, control formation pressures, and lubricate the drill bit. Although the mud pumping process removes most of the solids from the drilling mud, some debris and sand remains and subjects the pumps circulating the fluid to extreme wear, resulting in burdensome repair and maintenance costs. MTeq is installed as a barrier between the mud pits and the pumps, thereby allowing the pumps to process clean, particulate-free fluid, and not the particulate-laden fluid that lends to component failure. By requiring pumping equipment to process only clean fluid, MTeq will enable a fundamental shift in drilling rig system level design, allowing for the use of centrifugal pumps, which offer greater reliability and cost efficiency to drilling service providers. Upon this shift, operators will immediately unlock value by reducing pump repair and maintenance costs, reducing planned and unplanned rig downtime, increasing overall operational safety, and decreasing mobilization cost and rig up and down time. Importantly, Energy Recovery's early-stage partnership with Sidewinder will allow for product field testing and development, validation of the technical envelope and operational parameters, and ultimately, the definition of the path to full commercialization.

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