Wikipedia:Articles for deletion/Newpark Resources

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The following discussion is an archived debate of the proposed deletion of the article below. Please do not modify it. Subsequent comments should be made on the appropriate discussion page (such as the article's talk page or in a deletion review). No further edits should be made to this page.

The result was keep‎. Vanamonde (Talk) 22:48, 2 May 2023 (UTC)[reply]

Newpark Resources[edit]

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Newpark Resources (edit | talk | history | protect | delete | links | watch | logs | views) – (View log | edits since nomination)
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although this organization is listed on the NASDAQ stock exchange, the references seem very weak. In addition, the prose seem to be a factsheet, not really encyclopedic. Ebbedlila (talk) 20:18, 8 April 2023 (UTC)[reply]

  • Note: This discussion has been included in the deletion sorting lists for the following topics: Companies and Texas. Shellwood (talk) 21:38, 8 April 2023 (UTC)[reply]
  • Keep there are more articles if you search deep such as 1, 2, 3, 4, 5, and 6. Kakara69 (talk) 08:30, 9 April 2023 (UTC)[reply]
    You don't even have to search deep. I've put this company's name on my search engine and there were a lot of RS talking about them. I wonder if the nominator did his WP:BEFORE before opening this afd. The prose is surely not the best in the world, but that is no reason to delete the article, just change the lead and put some tags around so people who care will improve it in the future. 🔥 22spears 🔥 00:31, 16 April 2023 (UTC)[reply]
  • Delete. The sources in the article and those provided about are the usual PR churnalism about stock prices and investment outlooks. There is hardly anything substantive in reliable sources discussing the company itself to suggest WP:NCORP is met. --Kinu t/c 17:11, 11 April 2023 (UTC)[reply]

Relisted to generate a more thorough discussion and clearer consensus.
Please add new comments below this notice. Thanks, Salvio giuliano 21:36, 15 April 2023 (UTC)[reply]

  • Delete Fails GNG and NCORP. Source eval:
Comments Source
Stats, primary Newpark, Inc Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-02-22.
Primary 2. ^ "Industry Partners". Newpark Resources. Retrieved 2014-02-23.
Stats, primary 3. ^ "Newpark Resources Inc. Yahoo Finance". finance.yahoo.com. Retrieved 2014-02-22.
One of several corps in list, not SIGCOV 4. ^ "Several Suppliers Repeat Top Customer Satisfaction Scores in Annual EnergyPoint Research Global Oil & Gas Industry Survey". Prweb.com. 2014-02-13. Retrieved 2014-02-22.
Routine business news 5. ^ Olivia Pulsinelli (2014-02-11). "Newpark Resources to sell business unit for $100M". bizjournals.com. Retrieved 2014-02-22.
Stats, primary 6. ^ "Newpark Resources Inc (NR.N) Quote Reuters.com". Reuters.com. Archived from the original on 2014-02-26. Retrieved 2014-02-22.
Stats, primary 7. ^ "Newpark Resources Inc. Google Finance". Google.com. Retrieved 2014-02-22.
Routine business news 8. ^ "Newpark Resources to sell business unit for $100M". Bizjournals.com. 2014-02-11. Retrieved 2014-02-22.
From above
What's Happening With NR Stock Today? Stock market price news https://www.investorsobserver.com/news/stock-update/what-is-the-markets-view-on-newpark-resources-inc-nr-stocks-price-and-volume-trends-monday
Navigate the Stock Market with Seeking Alpha, stockmarket news https://seekingalpha.com/article/4576885-newpark-resources-potential-catalyst
Stock market news https://simplywall.st/stocks/us/energy/nyse-nr/newpark-resources/news/newpark-resources-incs-nysenr-high-institutional-ownership-s
Stats, primary https://finance.yahoo.com/news/newpark-resources-nyse-nr-shareholders-155458143.html
Routine business news https://www.offshore-mag.com/drilling-completion/article/14287674/newpark-resources-finalizes-exit-from-gulf-of-mexico-market
Routine business news https://www.reuters.com/markets/us/newpark-resources-pressed-separate-units-by-activist-investor-2021-11-23/
BEFORE showed more primary promo, routine business news, nothing that is IS RS with SIGCOV addressing the subject directly and indepth.  // Timothy :: talk  18:29, 18 April 2023 (UTC)[reply]
  • Delete. I agree that sourcing discussed here, and present in the article, consists of PR style reporting, or routine mentions of business activity/stock performance. I do not believe this sort of coverage satisfies NCORP. Xymmax So let it be written So let it be done 03:47, 23 April 2023 (UTC)[reply]
  • Comment: I am searching for sources for Newpark Resources and will post here with the results of my searches within the next two hours. Cunard (talk) 08:02, 23 April 2023 (UTC)[reply]
  • Keep per the significant coverage in multiple independent reliable sources.
    1. Rothburd, Carrie (2004). "Newpark Resources, Inc.". In Pederson, Jay P. (ed.). International Directory of Company Histories Volume: 63. Detroit: St. James Press. pp. 305, 306, 307. ISBN 1-55862-508-9. Retrieved 2023-04-23 – via Internet Archive.

      The book has these sections: "From Old-Line Metal Mining to Oilfield Waste Servicing: 1932–70s", Industry Downturn Leading to New Directions in Site Construction and Cleanup: 1980s to Early 1990s", and Building a Niche Market Position in North America: Late 1990s".

      The book notes: "In 1932, New Park Mining Company formed as the consolidation of three mining companies: Star of Utah Mining Company, Mayflower Mines Corporation, and Park Galena Mining Company. For the next three decades, the publicly owned, old-line mining company expanded through acquisitions of similar companies, until, by the late 1960s, the mining of metals as an industry fell on hard times. ... The oil industry downturn of the early to mid-1980s led to overcapacity, price-cutting, and consolidation among oil companies, and to difficult times for Newpark. From 1982 to 1987. Newpark did not turn a profit. As a result, in 1986, the company, which had traded on the New York Stock Exchange since 1977, was delisted and moved to the NASDAQ. ... Newpark also began a process of restructuring in 1986, after being delisted from the New York Stock Exchange. That process culminated in a private financing transaction in 1987, after which only a small public shareholder base remained. Newpark also reincorporated in Delaware in 1987, and began trading on the NASDAQ in 1991. It conducted a secondary stock offering in 1996."

    2. Compton, Hal; Hampshire, David (2006). "Park City". From the Ground Up: A History of Mining in Utah. Logan, Utah: Utah State University Press. pp. 337–339. ISBN 978-0-87421-639-4. Retrieved 2023-04-23 – via Project MUSE.

      The book notes on page 337: "By the late 1930s, another company, the New Park Mining Company, had begun making ore shipments from the east side of the Park City Mining District. Organized in May 1932, the New Park was a consolidation of several old companies, including the Park Galena Mining Company, the Star of Utah Mining Company and the Mayflower Mines Corporation. To develop new ore bodies, the New Park began extending the Mayflower tunnel toward the Park Galena. ... By the early 1940s, production from the New Park rivaled that of the Park Utah and the Silver King Coalition. By the end of World War II, the New Park was regularly shipping more ore than all the other major local mines combined."

      The book notes on page 338: "By the end of the month, the Silver King Coalition, Park Utah, and New Park had suspended operations entirely, bringing total layoffs at area mines to 875. ... By September metal prices had recovered enough to convince management at the New Park to resume production, ... As 1953 became 1954, the properties of United Park City Mines stayed closed. Only the New Park managed to keep producing ore."

      The book notes on page 339: "This meant that the two largest surviving mining companies in the Park City District, United Park and New Park, were shipping most of their production from the east side of the district in Wasatch County. ... According to a 1956 newspaper story, about two-thirds of the New Park’s 290-man workforce lived in Wasatch County and the Kamas Valley. ... Meanwhile, the management of the New Park had signed a contract leasing its Mayfl ower Mine to the Hecla Mining Company of Wallace, Idaho."

    3. Weiner, Sam (1974-01-14). "Giltless Midas Touch: Mine That Vanished Proves Boon to Newpark". Financial Trend. pp. 11–12. Retrieved 2023-04-23 – via Internet Archive.

      The article notes: "The story of the gold mine that was born too soon began in 1932 when a "nickel mining stock" at San Francisco produced a company then known as New Park Mining, Inc., which was to be the predecessor to Newpark Resources. ...  By 1939, Newpark had managed to dig its way to an ore vein which made it an immediate winner as small mining companies go. The mine not only had enough gold to make Newpark the fourth largest gold producer in the U.S., but also enough silver to make it the country's ninth biggest silver producer. Large amounts of lead, copper, zinc and cadmium also were discovered in the mine. ...  The mine, Newpark's only producing asset, kept the company at a fairly profitable level until the late 1960s, when it began going downhill at the same time that prices of gold, silver, copper and other metals were rising because of overseas attacks on the dollar."

    4. Bogoslaw, David (2005-06-22). "Newpark Banks on Environment Rules". The Wall Street Journal. p. B.9A. EBSCOhost 398989881.

      The article notes: "Newpark Resources Inc. is trying to cash in on a cleaner environment.  The Metairie, La., company's stock has edged up gradually over recent years, but at $7.09 it is still only slightly above half its 2001 high. The company, which provides products and services to firms drilling for oil and natural gas, was too bullish with earnings projections when demand for rigs drilling in the Gulf Coast was expected to recover after plunging in 2001. Now, some analysts think two of its three divisions -- mat sales and rentals and drilling fluids, plus a startup water-treatment business -- are poised for growth, fueled by tighter environmental regulations."

      The article further notes: "The company's involvement in both waste disposal and drilling fluids gave them a lot of knowledge early on about how the waste regulations would change and what Newpark could do to gain a foothold in a cleaner market," said John Tasdemir, an analyst at Raymond James & Associates. He doesn't own shares, and Raymond James hasn't done investment banking with the company in the past 12 months. ... Newpark has been a step ahead of the competition in developing a high-performance water-based drilling fluid, he said. ... Although its fluids business is dwarfed by much bigger competitors such as Halliburton Co.'s Baroid unit and M-I Swaco, a joint venture between Smith International Inc. and Schlumberger Ltd., analysts say they have been impressed by Newpark's success in gaining market share. Mr. Tasdemir estimated Newpark has an 18% share of the Gulf Coast fluids market."

    5. BusinessWeek articles:
      1. Marcial, Gene G. (2000-12-04). "A Newpark Gusher?". BusinessWeek. No. 3710. p. 175. EBSCOhost 3797855.

        The article notes: "Such a concern, however, is a bonanza to Newpark Resources (NR), a Big Board-listed provider of environmental services to oil-and-gas explorers. Newpark processes and disposes of exploration and production refuse, including that contaminated with radioactive material. ... Shares of Newpark, trading at 10½ in August, have fallen to 7 11/16, even though Newpark's business — mainly in Louisiana and Texas — has picked up. It recently added on-site processing of wastes to its services. "It is rapidly expanding its capacity," says Robert Trace of Hibernia South-coast Capital, who rates the stock a strong buy, with a 12-month target of 20. Newpark is receiving 5 million barrels of waste a day, says Trace. New Environmental Protection Agency rules calling for reduced discharges into federal waters will boost the demand for Newpark's services, he says. That, plus the rise in rig operations, should allow Newpark to boost prices. The analyst figures the company will earn 170 a share in 2000 and 50¢ in 2001, vs. 1999's 21¢ loss."

      2. Norman, James R. (1985-11-04). "Matt Simmons: Doctor to the Oil Fields' Walking Wounded. His cure is to arrange partnerships among ailing companies—even if they are rivals". BusinessWeek. p. 82. EBSCOhost 504164851.

        The article notes: "Newpark, too poor to buy its way to bigness, couldn't see selling its assets while new drilling rigs and sophisticated tools are going for scrap at less than a dime per pound. So Cole has put major parts of his company into new partnerships with competitors (table). Newpark will be a minority owner. Many of its employees will lose their jobs, but Cole will have a stake in viable companies."

      3. "You Have to Eat, Sleep, and Breathe Mining". BusinessWeek. No. 1296. 1954-06-03. pp. 98–104. EBSCOhost 57629156.

        The article notes: "New Park Mining had commercial ore all right, but it was a very sick company in 1934 when Cranmer arrived. It had been a one-man company, as it still is, essentially. Its president had been a promoter, like Cranmer, but he had lacked Cranmer's sense of order. He had kept all his records on scraps of paper and in private notebooks, and the company was embroiled in law suits that were hard to defend without documentary evidence. Moreover, no one seemed to know how to get profitably into production. And the new Securities & Exchange Commission was casting a critical eye at the company's stock promotion. Three million shares of stock had been sold all over the U. S. as a result of an ad campaign in such publications as the Police Gazette. ... Under Cranmer's leadership, New Park increased its holdings from 1,100 acres to more than 10,000 acres, installed modern machinery, and paid a total of $2-million in dividends over the 20-year period. The company also ran into the big problem: how to cope with recurrent slumps in lead-zinc."

    6. "Corporate Insight - Newpark Resources Inc. - Top 50 Rank: 6". The Times-Picayune. 1996-05-16. Archived from the original on 2023-04-23. Retrieved 2023-04-23.

      The article notes: "Though the company operates an array of oil field services, including waste disposal sites, tankers and a sawmill, Newpark Resources' fortunes rest largely on one factor, oil prices. And throughout 1998, as oil patch drilling dried up, so did business at Newpark Resources Inc. Newpark, based in Metairie, has 1,150 employees."

    7. Judice, Mary (1996-08-24). "Newpark Reborn: Oilfield Cleanup Company Sees Profit Below the Surface". The Times-Picayune. Archived from the original on 2023-04-23. Retrieved 2023-04-23.

      The article notes: "For Newpark Resources, 1993 was a bad year. Its core business, oilfield cleanup, just about dried up. The other business segment, building drilling sites for oil and gas companies, was down because drilling was way off. But 1994 has been far kinder. Louisiana regulators issued rules on disposal of radioactive oilfield waste, allowing disposal work to resume. Higher natural gas prices have spurred a 30 percent increase in drilling in south Texas and Louisiana, the markets Newpark serves. As a result, Newpark's earnings have doubled over the last year, said Thomas A. Escott, an analyst at Robinson-Humphrey Co. Inc. in Atlanta. In the latest quarter, net income jumped from $900,000 to $2.3 million."

    8. Gentry, Dave (2015). Small Stocks, Big Money: Interviews With Microcap Superstars. Hoboken, New Jersey: Wiley. p. 86. ISBN 978-1-119-17255-0. Retrieved 2023-04-23 – via Google Books.

      The book notes: "Another investment that generated hundreds of millions in profits for his group was Newpark Resources (NYSE: NR), which he funded at $0.20 a share. The company was incorporated as New Park Mining in 1932 but changed its name to Newpark Resources in 1972. In 1977, it listed on the New York Stock Exchange but was delisted in 1986 after it sold off one of its divisions to a bank to relieve its debt load. This is around the time that Sassower took an interest in the company. The company began a restructuring in 1986. In 1987, Sassower's group invested $10 million. The company refocused its business and became a major player in hazardous waste cleanup. Again, Sassower had the foresight to redirect the company into a fast growing industry. ... In 1991, Newpark listed on the NASDAQ and then four years later as revenue topped $80 million it listed again on the NYSE (Figure 9.1). Adjusted for splits and dividends, the price of Newpark Resources reached $105.00 per share in the mid-1990s. The Phoenix Group made $200 million on their "calculated risk play." Newpark Resources' 2013 revenue was $1.1 billion with $65.3 million in net income. The company is a leading international oil services company with three major divisions: drilling fluids; mats and integrated services; and environmental services."

    9. "25 Years Ago. Thursday, August 20, 1942. Mining Matters for Week: Producing Ore for War". Park Record. 1967-08-31. Archived from the original on 2023-04-23. Retrieved 2023-04-23 – via Newspapers.com.

      The article notes: "The New Park Mining company, Utah's newest major producing mine, is located in the East Park City District, 40 miles southeast of Salt Lake City, in Wasatch county, Utah. The New Park property includes the Flagstaff Group; the Gold Queen Group which is being developed by tunnel work; the Mayflower and Sar of Utah Mines company groups, and the Park Galena Mine company group which controlled the Park Galena fissure. ... These earlier interests were incorporated to form the New Park Mining company, which operated through the Park Galena tunnel until funds were raised in 1939 to finish driving the Mayflower Tunnel. All mining operations have been conducted from the Mayflower portal since February, 1940. The company now owns 1577 acres of patented mining claims--594 acres of ranch and other land and 895 acres leased from the State of Utah."

    There is sufficient coverage in reliable sources to allow Newpark Resources (known as New Park Mining between 1932 and 1972)  to pass Wikipedia:Notability (organizations and companies)#Primary criteria, which requires "significant coverage in multiple reliable secondary sources that are independent of the subject".

    Cunard (talk) 10:01, 23 April 2023 (UTC)[reply]

    • Comment: ROUTINE business news, nothing that shows notability.  // Timothy :: talk  11:09, 23 April 2023 (UTC)[reply]

Relisted to generate a more thorough discussion and clearer consensus.
Please add new comments below this notice. Thanks, Guerillero Parlez Moi 10:06, 23 April 2023 (UTC)[reply]

While the rest of Cunard's sources invariably lack sufficient detail the above establish the company meets the notability threshold. HighKing++ 19:51, 26 April 2023 (UTC)[reply]
  • Keep. The referencing in the article such as finance.Yahoo is routine financial detail and doesn't provide analysis/commentary so by itself is not sufficient. However, the additional sources identified by Cunard provide sufficient indepth coverage on the company's history to satisfy GNG/NCORP. Rupples (talk) 01:26, 1 May 2023 (UTC)[reply]
The above discussion is preserved as an archive of the debate. Please do not modify it. Subsequent comments should be made on the appropriate discussion page (such as the article's talk page or in a deletion review). No further edits should be made to this page.
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