Today, the Petroleum Equipment & Services Association (PESA) welcomed Rubicon Oilfield International and Li Gear as the association’s newest members.
“We are excited to welcome Rubicon and Li Gear to PESA,” said PESA President Leslie Shockley Beyer. “PESA represents the leading oilfield service, supply, and manufacturing companies, and our members benefit from the robust network and opportunities we provide to strengthen their business and the sector.”
Rubicon is a seasoned team of oilfield service and equipment industry executives in partnership with Warburg Pincus, a leading global private equity firm. Rubicon is focused on building a “best-in-class” global oilfield products and equipment company. The team at Rubicon has significant hands-on experience leading companies within the oilfield service sector, and more specifically within the product manufacturing, technology development and service space, including at PESA member companies like National Oilwell Varco (NOV), Schlumberger, Scientific Drilling International, and numerous PE-backed firms.
“PESA is an association which several of the Rubicon founders have enjoyed and supported for years. We are excited to officially enroll Rubicon in the PESA membership community and look forward to leveraging the extensive experience and insight from the organization and our fellow members. We are committed to contribute where we can and help strengthen the voice of equipment supply companies throughout this industry.” said Rubicon CEO, Michael Reeves.
Li Gear is a leading manufacturer of gears, gearboxes, and precision machined components, for the oil and gas industry. The company is a world-class supplier and valued partner to its customers in the oilfield. Known for its engineering and quality, Li Gear is especially active within the hydraulic fracturing sector. With the rise in US energy production leading to increasingly challenging conditions for hydraulic fracturing, a need for superior-quality gearing and components is necessary.
“We would like to express our most sincere gratitude to PESA and its Board of Directors for inducting Li Gear into PESA as a new member. We are excited to increase our involvement in the oil and gas industry as well as the Houston community. We support PESA’s continuing efforts to strengthen the oilfield service and supply sector, and look forward to serving on its committees and events,” said Li Gear Vice President, Will Li.
For more information on how to join PESA, please visit https://energyworkforce.org/membership/.
Rubicon Oilfield International:
Rubicon is a start-up oilfield services company with operational headquarters in Houston, Texas. In partnership with Warburg Pincus, a leading global private equity firm with a 25 year track record of building businesses and creating value in the energy sector, Rubicon is fueled with $300 million line-of-equity investment to build a best-in-class global enterprise in the oilfield products and equipment sector. Rubicon is determined to use operational experience, invested capital and financial discipline in driving accelerated growth within one extraordinary company and its quality brands. The company was formed in June 2015 and headquartered in Houston, TX. For more information please visit www.rubicon-oilfield.com
Li Gear, based in Chicago, is a leading manufacturer of gears, gearboxes, and precision machined components for heavy industries, including the oil and gas industry. Since 1997, the company has been an innovative, complete supply chain solution for its customers and adds value throughout the entire manufacturing process. Please contact us to learn more. www.ligear.com
Petroleum Equipment & Services Association:
The Petroleum Equipment & Services Association (PESA) is the unified voice for the energy industry’s oilfield service, supply & manufacturing companies. Innovation and technological developments of PESA member companies have created an economic engine, bolstering the US economy with jobs and producing secure, affordable energy. Since 1933, PESA’s mission is to promote and advocate for policies that will support this sector’s continued achievements in job creation, technological innovation and economic stability. For more information, please visit www.pesa.org