$0.09
$0.00 (0.00%)
End-of-day quote: 05/07/2024
OTCPK:EESE

Energy and Environmental Services Profile

Energy and Environmental Services, Inc. manufactures specialized liquid and solid chemicals used primarily in the oil and gas industry and high-tech specialized protective coatings for oil and gas and other industrial applications. The company also has products under development using enzyme technologies for animal feed supplements, organic fertilizers, and odor solutions.

Segments

The company operates through Oilfield Chemicals and Powdered Coatings segments.

Oilfield Chemicals

This segment offers a line of hydraulic fracking additives and acid additives to oilfield well service companies. The company also offers a line of wholesale products and services to downhole production chemical companies. The company’s chemicals include acid inhibitors, scale inhibitors, corrosion inhibitors, packer fluid inhibitors, paraffin dispersant compounds; H2S scavengers, biocides, water treating compounds, demulsifiers, emulsion breakers, nonemulsifiers, frac foamers, clay stabilizers, liquid KCL substitute, cross linkers, wetting agents/surfactants, friction reducers, anti-sludge agents, mutual solvents, silt suspenders, iron sequestrants, iron control, complete acid gel systems, xylene/acid emulsifiers, and HCl acid retarders. The company produces and markets these products under its Enduro-Tech name. The company’s wholesale products and services include custom chemical blending, toll blending, and private labeling.

The company also offers a proprietary solid chemical technology that allows it to provide majority of its liquid chemical products in solid form. The company’s solid chemical applications could be batch treated down-hole or added to frac stimulation processes. The company sells its solid form chemicals under its Enduro-Tech name and provide wholesale products and services, including custom and toll blending, private labeling and pelletizing. The company provides chemical testing and analysis in its laboratory. The company has a fleet of five trucks, including two semi-tractor trailers, and five trailers, for on-location deliveries. While majority of its chemicals are sold to oilfield users, the company also sells and services water treatment and other industrial users.

Powdered Coatings

This segment offers a protective, anti-corrosion coating to metal products. The powdered coating is baked on in high-temperature ovens and produces a smooth 1- to 2-millimeter protective coating to all areas of metal parts without compromising threads or connective tolerances. Applied to ductile iron or carbon steel, the coating would enable these metals to perform like stainless steel in corrosive environments. The coating is also stable in high heat and protects against impact and abrasion. The company’s services include electrostatic coating, valve servicing, testing, disassembly and reassembly, and grit blasting. The company markets four product lines – Enduro-Bond, Enduro-Bond PLUS, Enduro-Bond DuraShield, and Enduro-Bond ULTRA-Shield – to end users in oil and gas, industrial, pharmaceutical manufacturing, pipeline transmission, waste water (municipalities), refineries, and automotive fields. The company has a two-truck fleet for pick up and deliveries.

Business Strategy

The company attempts to increase market share through potential mergers and acquisitions, as well as organic growth in its core product lines.

Marketing

The company markets its Enduro-Tech chemical products on a pre-packaged basis to end users and also offers custom chemical blending, toll manufacturing and private label packaging. The bulk of its chemical sales is handled through an internal sales staff of five employees, who are located in Oklahoma and Texas. The company’s Enduro-Bond protective coating product line is distributed through authorized manufacturer representatives with approximately 45 agents in 23 states: the Northeast region (Illinois, Indiana, Kentucky, West Virginia, Michigan, Ohio and Pennsylvania), the Southeast region (Mississippi, Louisiana and Arkansas), the South region (Oklahoma and Texas), the Southwest region (West Texas/Permian Basin and New Mexico), the Midwest region (Kansas, Colorado and Utah), and the Western region (Arizona, California, Nevada and Idaho).

Research and Development

The company had research and development expenses of $161,961 in 2018.

Trademarks and Patents

The company has obtained trademark registrations for Enduro-Tech, Enduro-Bond and BioBlend. The company also has trademark registrations for Molecule Design, TherMel-Kem, TMB-2, Terra Secure, and Odor Knot.

Environmental, Health and Safety Matters

The company’s operations are subject to federal, state and local laws and regulations relating to the protection of the environment and human health and to safety, including those pertaining to chemical manufacture and distribution, waste generation, storage and disposal, the health of its employees and the safety of its facilities. Applicable environmental laws include the Federal Clean Air Act, the Water Pollution Control Act (also known as the Clean Water Act, the Resource Conservation and Recovery Act, the Comprehensive Environmental Response, Compensation and Liability Act, and the Toxic Substances Control Act. The company is subject to the Occupational Safety and Health Act (OSHA), and comparable state statutes, the purpose of which are to protect the health and safety of workers. The company is also subject to OSHA Process Safety Management regulations, which are designed to prevent or minimize the consequences of catastrophic releases of toxic, reactive, flammable or explosive chemicals. The company is also subject to EPA Chemical Accident Prevention Provisions, known as the Risk Management Plan requirements, which are designed to prevent the accidental release of toxic, reactive, flammable or explosive materials.

The company’s Bio-Blend animal feed supplement is subject to regulation by the Federal Food and Drug Administration (FDA), which is the primary Federal regulatory agency responsible for ensuring the safety of animal feed. The FDA manages this responsibility under its Animal Feed Safety System, which cover all stages of feed production and use.

History

The company was formerly known as Enerlabs, Inc. and changed its name to Energy & Environmental Services, Inc. in 2016.

Country
Industry:
Engineering, accounting, research, management, and related services
Founded:
Data Unavailable
IPO Date:
03/24/2003
ISIN Number:
I_US29273G1031

Contact Details

Address:
6300 Boucher Drive, Edmond, Oklahoma, 73034, United States
Phone Number
405-843-8996

Key Executives

CEO:
Joyce, Leon
CFO
Data Unavailable
COO:
Data Unavailable