MG Cleaners is a profitable, growth-oriented oilfield services Company focused on selling products including proprietary soaps, surfactants, and degreasers to drilling rig contractors throughout Texas and the U.S. We also sell equipment, related parts for rigs, and have service crews to perform work on rigs.
MG Cleaners was organized as a Texas limited liability company in 2005. Stephen Christian, President, acquired the Company in 2010.
Mr. Christian was a former Rig Supervisor for Nabors Drilling from 2004 to 2010. Nabors Industries (NYSE: NBR) owns and operates the nation’s largest land-based drilling rig fleet. Nabors is a important customer of MG through its master service agreement.
MG Cleaners offers branded products which are proprietary formulations, such as Miracle Blue®, a heavy duty degreaser utilized in oilfield applications.
The Baker Hughes Rig Count peaked in the last industry cycle at 1931 rigs in North American which occurred in September 2014. The Rig Count hit a low in May 2016 at 449. At present, the Rig Count as measured by BHI stands at 1091, an increase of 142% from May 2016 lows, indicating, in management’s view, the beginning of a new up-cycle. Because of favorable economics, approximately 50% of the rigs operating in the domestic United States are concentrated in Texas which allows efficient distribution for the Company.
Reference customers include Patterson-UTI, Nabors, GEP, Cactus Drilling, Pioneer, H&P, Big E Drilling, Nabors, Chevron, XTO, Chesapeake, Total Supply, and Distribution Now.
Stephen Christian, President
Stephen Christian, age 36, is the President of MG Cleaners. Mr. Christian has over 13 years of experience in oilfield in various managerial roles. Since 2010, Mr. Christian has been the sole owner and head of operations for MG Cleaners, an oilfield services company, focused on drilling rig operators. Previous to MG, Stephen served as a drilling rig manager from 2004 to 2010 for Nabors Industries (NYSE: NBR) which owns and operates the world’s largest land-based drilling rig fleet and is a leading provider of offshore drilling rigs in the United States. Mr. Christian was educated at Oklahoma Christian University.
Vanessa Pittman, Controller
Vannessa Pittman” title: Vanessa Pittman, age 45, serves as Controller of MG Cleaners, LLC. She has over 25 years of experience in financial and accounting with high growth businesses. Previously, she served from 2001 to 2008 as Comptroller of Complete Business Systems, Inc. which was a business services and support company. She has also served as Comptroller from 2008 to 2010 for Smith Services, LLC, a Texas-based pipeline construction and frac water management business. She returned to Complete Business Systems as CFO from 2011 to 2019. Vanessa received her Master Degree at LeTourneau University, her Bachelor of Business Administration from the University of Texas at Tyler, Texas and her Associate of Science Degree at Panola College.