Market Research Report: Paragon Integrated Services Group
Company Overview
Name
Paragon Integrated Services Group (Paragon ISG)
Mission of the Company
To deliver efficient and cost-productive drilling and solids management operations, focused on safety, sustainability, and efficiency.
Founded
Founded in July 2020
Founders
No information is available.
Key People
- Christopher Pennington – CEO
- John Mullins – Executive Vice President & Chief Financial Officer
- Rafael Andres Diaz-Granados – Executive Chairman of the Board (former CEO)
Headquarters
825 Town and Country Ln. Suite 1200, Houston, TX 77024
Number of Employees
No information is available.
Revenue
No information is available.
What the Company is Known For
Paragon ISG is known for delivering environmentally friendly and efficient drilling fluids, solids control services, surface rentals, and completion fluids that enhance operational efficiency and sustainability.
Products
Drilling Fluids
Description
Paragon ISG provides tailored drilling fluids solutions designed to enhance borehole stability and drilling efficiency.
Key Features
- Experienced fluid engineers for optimal fluid composition.
- Reduced waste and cost.
- Local testing capabilities for quick diagnostics.
Solids Control
Description
Efficient solids separation and dewatering services tailored to specific customer needs.
Key Features
- In-house testing capabilities for runtime efficiency.
- Extensive range of solids control equipment.
- Local expertise in major US basins.
Environmental Services
Description
Consulting and remediation services to support compliance and sustainability for various industries.
Key Features
- Equipment for dewatering, desludging, and water remediation.
- Compliance and risk reduction.
- Property value enhancement.
LG-100 Additive
Description
A proprietary shale inhibitor and hydration suppressant used in water-based drilling fluids.
Key Features
- Provides wellbore stability.
- Can be reused across multiple well pads.
- Environmentally friendly alternative to oil-based mud.
Horizontal Directional Drilling (HDD) Services
Description
Services for underground pipelines, service conduit, fiber optics, and more using efficient drilling fluids.
Key Features
- Applicable for HDD and geothermal drilling markets.
Recent Developments
Acquisitions
1. Cinco Mud Solutions LLC (January 25, 2023)
- Acquired enabling the provision of LG-100 additive.
- Brought in experts Scott Jackson and Mark Lemon.
2. Spirit Drilling Fluids (June 2, 2022)
3. Significant Surface Rental Assets (September 20, 2021)
New Products and Features
- LG-100 Additive - Enhanced wellbore stability and environmentally friendly option for drilling fluids.
Leadership Changes
- Chris Pennington promoted to CEO (March 12, 2024)
- Rafael Andres Diaz-Granados transitioned to Executive Chairman.
- John Mullins assumed an expanded role as Executive Vice President of Strategy.
Contact Information
Corporate Office
Houston, TX
- 825 Town and Country Ln. Suite 1200, Houston, TX 77024
- Phone: 740.492.0190
- Fax: 740.492.0199
Other Locations
- Elmira, New York - 1575 Lake Street Unit #1, Elmira, NY 14901
- Newcomerstown, Ohio - 200 Enterprise Drive, Newcomerstown, OH 43832
- Wellsville, Ohio - 2400A Clark Avenue, Wellsville, OH 43968
- Midland, Texas - 3419 N, N CR-1108, Midland, TX 79705
Social Media
Summary
Paragon ISG demonstrates a strong commitment to providing efficient, sustainable, and cost-effective solutions in drilling operations, solids control, and environmental services. With strategic acquisitions and leadership developments, the company is well-positioned for continued growth and service excellence.
