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Wrong Charles Moncla?

Charles Moncla

Chairman and Chief Executive Officer

Platinum Energy Solutions , Inc.

HQ Phone:  (713) 622-7731

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

Platinum Energy Solutions , Inc.

2100 West Loop South Suite 1400

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 high-specification hydraulic fracturing fleets with a fourth set to come online in Q4 2013. Our first two h... more

Find other employees at this company (-1)

Background Information

Employment History

National President

Association of Energy Service Companies


Vice President

Key Energy Services Inc


Affiliations

Ceta Energy

Board Member


southern oilman's tennis tournament

Board Member


Moncla Companies

Founder


AESC

President and Board Member


Education

Lafayette High School


Bachelor of Science degree

Economics and Finance

University of Southwestern Louisiana


bachelor's degree

University of Louisiana at Lafayette


Web References(31 Total References)


Platinum Energy Solutions - Charles Moncla, J. Clarke Legler II, Timothy L. Morrison

www.platinumenergysolutions.com [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.


Platinum Energy Solutions, Inc. - Houston, Texas | 713-622-7731

www.platinumenergysolutions.com [cached]

Charles Moncla
Chairman & C.E.O.


Platinum Energy Solutions - Charles Moncla, Chairman & C.E.O.

www.platinumenergysolutions.com [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

laytoncorporation.com [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.


LAGCOE Looey 2015: From roughneck to CEO

www.moncla.com [cached]

Longtime Lafayette and Houston oilman Charlie Moncla has been selected as 2015's "LAGCOE Looey," the ceremonial host of the biennialLouisiana Gulf Coast Oil Exposition.
The announcement was made Monday at a luncheon at the Petroleum Club. The principal role of LAGCOE Looey is to serve as a goodwill ambassador for the show. Chosen by the LAGCOE chairman and sporting a hardhat, "Looey" greets LAGCOE participants at the door, welcomes foreign delegations to LAGCOE and takes part in public ceremonies, such as the ribbon-cutting that opens the exposition. Moncla worked for Pelican Well Service, a company owned by his father-in-law, but had to learn the business from the ground up, spending two years on the rigs. He later moved into safety, then sales, eventually moving up to vice president. Moncla struck out on his own in 1984, purchasing a single rig and operating as Moncla Well Service; 10 years later, he owned seven. He grew the business as he added family members to its employment rolls: first, his son Mike, then his brother, Buck, and Charlie's second son, Marc. The company added 43 rigs by 2007, and added family members Cain, his brother; his son Matt; and two nephews, Andrew and Ben. Each family member had to work his way up through the rigs; Moncla told stories about that experience and others, including his own years working on rigs, to Monday's luncheon audience. Moncla Cos. eventually bought 11 local companies and became the largest independent workover rig company in the United States. Moncla sold the company to Key Energy in 2008, became vice president of Key and later became chairman and CEO of Platinum Energy Solutions in Houston. Moncla remains involved in numerous business interests, including a role in Clean Energy Technology Association Inc. in Fairfield, Texas, where he serves on the board along with Al Thomas, the 2013 LAGCOE Looey. Moncla was chosen as LAGCOE Looey by LAGCOE 2015 chairman Steve Maley of Badger Oil. Moncla said he would do the same, and take on whatever responsibilities LAGCOE presents him.


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