Nine Energy Service Inc. (NYSE: NINE) said Dec. 4 that David Crombie has been promoted to serve as the Houston-based oilfield service company’s COO and executive vice president.
Crombie, who previously served as president of completion solutions and executive vice president at Nine, brings over two decades of experience to his latest role at the company.
“I am thrilled to announce David’s promotion to the role of chief operating officer and working side-by-side with him to continue to build Nine,” said Ann Fox, president and CEO of Nine, in a statement.
Crombie’s promotion follows the recent acquisition of Magnum Oil Tools by Nine for about $493 million in cash and stock.
“His ability to lead through both periods of activity decline, while also capturing growth in a measured and profitable way is extremely rare,” Fox said. “His leadership qualities and expertise are essential to guiding Nine to continued growth and I look forward to the impact he will have in this new role.”
Before joining Nine, Crombie founded Crest Pumping Technologies LLC where he served as president. Prior to Crest, Crombie served as vice president of operations and sales for Pumpco Energy Services, a wholly owned subsidiary of Complete Production Services (now part of Superior Energy Services Inc. (NYSE: SPN). In this role, he oversaw stimulation and cementing services in prolific, unconventional plays throughout the continental U.S.
Effective Jan. 1, Crombie will be responsible for overseeing operations across all of Nine’s service lines and geographies. He will also play a critical role in the continued development and execution of Nine’s strategic growth plan.
Nine offers completion and production solutions with operating facilities in the Permian, Eagle Ford, Scoop/Stack, Niobrara, Barnett, Bakken, Marcellus, Utica and throughout Canada.
Recommended Reading
TPH: Lower 48 to Shed Rigs Through 3Q Before Gas Plays Rebound
2024-03-13 - TPH&Co. analysis shows the Permian Basin will lose rigs near term, but as activity in gassy plays ticks up later this year, the Permian may be headed towards muted activity into 2025.
US Drillers Add Most Oil, Gas Rigs in a Week Since September
2024-03-15 - The oil and gas rig count, an early indicator of future output, rose by seven to 629 in the week to March 15.
US Drillers Add Most Oil Rigs in a Week Since November
2024-02-23 - The oil and gas rig count rose by five to 626 in the week to Feb. 23
US Drillers Add Oil, Gas Rigs for Third Time in Four Weeks
2024-02-09 - Despite this week's rig increase, Baker Hughes said the total count was still down 138 rigs, or 18%, below this time last year.
US Drillers Cut Oil, Gas Rigs for First Time in Three Weeks
2024-02-02 - Baker Hughes said U.S. oil rigs held steady at 499 this week, while gas rigs fell by two to 117.