Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


July 07, 2015 9:37 AM ET

Oil, Gas and Consumable Fuels

Company Overview of RockPile Energy Services, LLC

Company Overview

RockPile Energy Services, LLC provides proppant transportation and chemical optimization services. Its services include hydraulic pressure pumping/fracturing; wireline services in the areas of perforating, cement bond log, mechanical services, and bridge plugs/junk baskets; workover rig services; pump down services; and specialized services, including back side pressure, mechanical liners, drilling rig assist, and BOP/tree testing. The company was founded in 2011 and is based in Denver, Colorado with operations in Dickinson, North Dakota. RockPile Energy Services, LLC operates as a subsidiary of Triangle Petroleum Corporation.

1200 17th Street

Suite 2700

Denver, CO 80202

United States

Founded in 2011

Phone:

303-825-8170

Fax:

303-825-1389

Key Executives for RockPile Energy Services, LLC

Chief Executive Officer and Chief Operating Officer
Age: 56
Chief Financial Officer and Executive Vice President
Vice President of Human Resources
Vice President of Engineering
Vice President of Business Solutions
Compensation as of Fiscal Year 2015.

RockPile Energy Services, LLC Key Developments

RockPile Energy Services Announces Standalone Earnings Results for the First Quarter Ended April 30, 2015

RockPile Energy Services announced standalone earnings results for the first quarter ended April 30, 2015. For the first quarter, the company reported revenue of $80.1 million was up 31% year-over-year and down 27% sequentially. EBITDA of $3.5 million was down 75% year-over-year and down 80% sequentially. EBITDA margins were 4.4% in the first quarter versus 16.1% in fourth quarter of 2014. Third-party revenue increased to 82% of total revenue in the first quarter, up from 79% in fourth quarter of 2014. During the quarter, the company generated approximately $118 million of consolidated revenue, with $70 million from RockPile, and RockPile had standalone segment EBITDA of $3.5 million.

RockPile Energy Services Enters into Amendment No. 1 to Credit Agreement and Incremental Commitment Agreement with Citibank

On November 13, 2014, RockPile Energy Services, LLC entered into Amendment No. 1 to Credit Agreement and Incremental Commitment Agreement with Citibank, N.A., as administrative agent and collateral agent, and the banks and other financial institutions party thereto. Amendment No. 1 amends that certain Credit Agreement, dated March 25, 2014, to increase borrowing capacity under the senior secured revolving credit facility from $100.0 million to $150.0 million. Following Amendment No. 1, the facility maintains the accordion feature that allows for expansion of the facility by up to an additional $50.0 million, resulting in aggregate borrowing capacity of $200.0 million. Amendment No. 1 also modifies covenants in the RockPile Credit Agreement related to certain restrictions on the payment of dividends and distributions and increases the amount of permitted capital expenditures.

RockPile Energy Services, LLC Reports Consolidated Production and Earnings Results for the Second Quarter Ended July 31, 2014

RockPile Energy Services, LLC reported consolidated production and earnings results for the second quarter ended July 31, 2014. For the quarter, the company reported revenue of $102.1 million and Adjusted EBITDA of $28.8 for the same period last year.

Similar Private Companies By Industry

Company Name Region
The Prospective Investment and Trading Company, Ltd. United States
Source Energy Partners, L.P. United States
AltraBiofuels Phoenix Bio Industries, LLC United States
Texas Express Pipeline LLC United States
Austell Natural Gas System United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact RockPile Energy Services, LLC, please visit www.rockpileenergy.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.