Newpark Resources Announces Barge Fleet Expansion

Newpart Resources, Inc. recently announced that its wholly owned subsidiary, Newpark Environmental Services, Inc., has added 16 additional U.S. Coast Guard certified barges to its fleet, increasing to 31 the number of vessels used exclusively for the movement of nonhazardous oil field waste.

Newpark's barge fleet reduces its customer's transportation costs by providing high-capacity equipment to access remediation sites along navigable inland waterways, avoiding the higher cost of shipment by truck or consolidation from smaller capacity marine equipment. The fleet also services Newpark's processing facility at Port Arthur, Texas.

Tom Ballantine, president of Newpark Environmental Services, Inc., the leading processor of nonhazardous oil field waste, stated the additions to the fleet were necessary to support the recent processing capacity expansion provided by the new processing facility at Port Arthur and increasing demand for the company's services.

Newpark Environmental Services is the only processor of nonhazardous oil field waste, creating a commercially reused product from the waste, thereby minimizing its customer's long-term liability.

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