Oil, Gas and Consumable Fuels
Company Overview of RockPile Energy Services, LLC
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
Denver, CO 80202
Founded in 2011
Key Executives for RockPile Energy Services, LLC
Chief Executive Officer and Chief Operating Officer
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
Jun 9 15
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
Nov 19 14
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
Sep 8 14
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.
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