Robert Nipper, CEO since the founding of NCS Multistage, has been named executive chairman of the company’s board. He is succeeded by Marty Stromquist, who had served as COO before being named chief technology officer in 2015. Nipper and Stromquist were co-founders of the company. In addition to his new role, Stromquist will continue serving on the board of directors.
Nipper has more than 25 years of industry experience and has invented several patented technologies relating to downhole oil and gas and geothermal service equipment. Prior to starting NCS Multistage, Nipper spent 18 years with Tri-State Oil Tools and Baker Hughes, serving in various operations and sales management positions.
Stromquist has served in technical and management positions in the oil and gas industry for more than 35 years, in both service-company and producer roles. He co-founded Cemblend Systems Inc., which provided cementing solutions, and Frac Source Inc., which specialized in stimulation services for unconventional reservoirs. He also served as operations manager of the well services group for Pioneer Natural Resources USA Inc., in Denver, Colorado, and as technical manager for stimulation services for Halliburton Energy Services Canada. Stromquist holds numerous patents for completion-related tools and downhole procedures.
NCS Multistage provides coiled-tubing-deployed fracturing technology used in multistage completions.