An oilfield services company. The Company provides a range of wellsite solutions to oil and natural gas companies, primarily technical pumping services and down-hole surveying services.
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In general the new oil and gas fields being developed in the U.S. lower 48 are literally a bonanza for the well servicing companies. The formations holding the hydrocarbons are tight. It takes extreme fracing measures to force the release of the desired products. SWSI will be applying these extreme measures and be paid handsomely for the effort.
As an example. Twenty five to thirty years ago there was a well service company just next door to my business. Each mourning the trucks would would leave on a job. In the evening they would return, job finished. Now compare that to a frac job on a well in the Barnett Shale Zone(around Ft. Worth). Ten days 24-7 are normal. That's a lot of extra work for SWSI.