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This profile was last updated on 5/28/15  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Charlie Moncla

Wrong Charlie Moncla?

Chairman and Chief Executive Offi...

Phone: (713) ***-****  HQ Phone
Platinum Energy Solutions , Inc.
2100 West Loop South, Suite 1601
Houston , Texas 77027
United States

Company Description: PES utilizes the most state-of-the-art hydraulic fracturing equipment currently available to the market place. We are currently operating three complete...   more

Employment History

Board Memberships and Affiliations

  • Founder
    Moncla Companies
21 Total References
Web References
Platinum Energy Solutions - Charles Moncla, J. Clarke Legler II, Timothy L. Morrison, 8 Mar 2014 [cached]
L. Charles Moncla, Jr. Chairman of the Board & Chief Executive Officer Mr. Moncla has been our Chairman of the Board and Chief Executive Officer since February 2011. He has been the sole shareholder and chief executive officer of WSB since September 2009. From January 2009 to September 2009, Mr. Moncla was an independent consultant. Mr. Moncla previously served as vice president of Key Energy Services, Inc. from October 2007 until January 2009 following his sale of Moncla Well Service, Inc. to Key Energy. In November 1984, Mr. Moncla founded Moncla Well Service, Inc., a workover rig company, and grew the company until its sale to Key Energy. In 2001, Mr. Moncla founded Moncla Marine, a barge workover company for shallow water oilfield operations, and expanded its operations by organizing Brothers Oilfield Service in 2004.
Clearlake Capital | News | Clearlake Capital Completes Acquisition of Bluefly, Inc., 11 Oct 2013 [cached]
"The closing of this transaction marks a significant milestone for Platinum," said Charles Moncla, Chief Executive Officer of Platinum.
Jatin Patel and Peter Fraser of West Face Capital, Inc., Jose Feliciano of Clearlake Capital Group, and Jacob Mercer of Whitebox Advisors, LLC will join Charles Moncla on the board of directors.
Platinum Energy Solutions, Inc. - Houston, Texas | 713-622-7731, 8 Mar 2014 [cached]
Charles Moncla Chairman & C.E.O.
Platinum Energy Solutions - Charles Moncla, Chairman & C.E.O., 13 July 2011 [cached]
L. Charles Moncla, Jr. Chief Executive Officer Mr. Moncla previously served as vice president of Key Energy Services from 2007 until 2008 following his sale of Moncla Well Service, Inc. to Key Energy. In 1984, Mr. Moncla founded Moncla Well Service, Inc., a workover rig company, and grew the company from one rig and six employees to 53 rigs and 937 employees when it was sold to Key Energy. Mr. Moncla founded Moncla Marine during 2001 as a barge workover company for shallow water oilfield operations and expanded its operations by organizing Brothers Oilfield Service in 2004 to provide swabbing, tubing testing, hot oil, anchor services, mud tank and generator rentals and another in 2005, Tri Energy, to provide fishing and rental tools.
Pursuit of a Deal - Oil and Gas Investor, Platinum Energy Solutions, Layton Corporation, Daniel T. Layton, 1 June 2011 [cached]
Charles Moncla is chairman and CEO of Platinum Energy Solutions Inc., recently funded.
"We believe the services supporting the shale plays make more sense for us. We love the fracing business and the transportation business. That's where we see the majority of our focus," says Layton, who specifically brought in oil service veteran Charles Moncla to run PES as chairman and chief executive officer.
"If Charlie wasn't on board, then I wasn't interested," says Layton, indicating the impact of the right management on the attractiveness of the deal.
Moncla sold his own drilling company, Moncla Well Service Inc., to Key Energy Services Inc. in 2007.
He built the company from one leased rig to a fleet of over 53 owned rigs at the time of sale.
"We went into the raise with a pair of contracts for PES services of at least 12 months, with options for extensions," says Moncla.
Upon funding, he used some of the proceeds to purchase 50 pumps with over 2,250 hydraulic horsepower each, that are being delivered to contracted locations in the coming weeks. The company is also looking for locations in Texas and Louisiana to site yards to house and repair equipment. Moncla says the clients already secured had particular training and education in mind, and that will also be paid for with the initial raise.
"The money is there, but investors want to know how you are going to pay them back," says Moncla, who was grilled about equipment, availability and timing of delivery.
"They wanted to know how equipment was going to be delivered, and how we could guarantee it. Everyone is being told there is no availability for this equipment, but we knew we could get what we needed," says Moncla. "We will start taking delivery of the first equipment shortly."
The road show was intense, according to Moncla. Forty-eight hours on a jet over two weeks was a new experience for him, as he always funded the growth of his own company with cash. This time he had to make the trip to New York, among other places.
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