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This profile was last updated on 4/26/14  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
Background

Employment History

Board Memberships and Affiliations

Education

  • bachelor's degree
    University of Louisiana at Lafayette
24 Total References
Web References
Platinum Energy Solutions - Charles Moncla, J. Clarke Legler II, Timothy L. Morrison
www.platinumenergysolutions.com, 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.
Key Energy Services - Investor Relations - News Release
phx.corporate-ir.net, 16 Nov 2007 [cached]
Moncla is one of the largest privately-owned well service companies in the United States. Headquartered in Lafayette, Louisiana, and with offices in Sour Lake, Texas and Sandersville, Mississippi, Moncla operates a total of 53 rigs and employs over 900 people. Moncla's fleet includes 37 daylight rigs for well servicing and workovers and 8 twenty-four hour rigs for shallow drilling, sidetracking and deep workovers. Moncla also has the largest fleet of workover barges in the United States, with 8 barge rigs. In addition to rigs, Moncla owns rig-up, swab, hot oil and anchor trucks, tubing testing units and rental equipment. Moncla currently operates in Texas, Louisiana, Mississippi, Alabama and Florida. Revenue for Moncla during 2007 is expected to total approximately $140 million.
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Dick Alario, Key's Chairman and CEO, stated, "Our acquisition of Moncla is a major step in the implementation of our capital investment plan, which includes identifying and acquiring strong, regional well service companies that will help Key expand and grow our operations.
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Moncla represents an excellent opportunity for Key to expand our South Louisiana operations and to begin servicing the Mississippi market.
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Charlie Moncla, President of Moncla, commented, "Since 1984, Moncla has served the South Louisiana market and today we are the market leader in this region. Our growth is a tribute to the hard work of our employees and the great relationships we have with our customers. I am excited that our employees will have the opportunity to work for the market leader in our industry, and I am confident that Key will benefit from our strong experience in the Southeast U.S. market."
Simmons & Company International served as financial advisor to Moncla.
In 1971, Cecil hired his son-in-law, ...
www.moncla.com, 9 April 2014 [cached]
In 1971, Cecil hired his son-in-law, Charlie Moncla.
...
Charlie spent about two years working on the rigs, before moving into safety, and later, sales.
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His wife, Virginia took over as president of the company with, Charlie Moncla moving up to vice president.
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Charlie Moncla on the cover of Well Servicing magazine as he served as the 2002 national president of the Association of Energy Service Companies. In 1984, Charlie Moncla went out on his own buying one rig, and by his tenth year in business, was running seven rigs. Charlie never liked the connotation of Cecil's janitor example, so he passed down to his children that, "we are the doctors of the oilfield, and our rigs fix broken and sick wells! In 1993, Charlie hired his son Mike to handle sales and marketing.
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Three years later, and after adding three more rigs, Charlie hired his brother, Buck, and his second son, Marc (Spook). For the next 11 years (1996-2007) Moncla added 43 rigs. During that time, Charlie also added his brother Cain, son Matt, and nephews, Andrew and Ben. It became a running joke that every time Charlie added a new family member to the company; he had to add four or five rigs to pay for their cost. Also, in the same fashion as Cecil had done to Charlie, each family member had to work a week on each rig to learn the equipment and meet the entire rig personnel.
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Moncla was headquartered in Lafayette, with offices in Sour Lake, Texas and Sandersville, Mississippi. The Sour Lake yard was acquired through the purchase of Petroleum Well Service, and the yard covered the Texas Railroad District Three area. Through several acquisitions, Moncla became the largest workover company in Mississippi, marketing 14 rigs out of the Sandersville yard and covering the Mississippi, Alabama, and Florida areas. In Louisiana, Moncla was known for its fleet of 1,000 hp rigs that handled deep workovers, and their ability to work smaller daylight rigs on a 24-hour basis. Through the years Moncla also accumulated 40 rig hauling trucks that moved rig equipment from well-to-well. The company also diversified into other facets of the oilfield as part of that growth. The demand to put land rigs on keyway barges for customers was tremendous, in some years having five land rigs on barges the entire year. So, in 2001 they constructed and christened their first fully fledged 24-hour inland barge rig, The Stingray, which accompanied The Moccasin, a daylight barge rig Moncla acquired from the acquisition of Harris Well Service (Harris had been a competitor since the Pelican days of the 1950s). By 2007, this subsidiary, Moncla Marine, also became the largest in the U.S. with eight workover barge rigs, all named for indigenous reptiles or fish of south Louisiana.
Perhaps the oddest job in the history of the workovers! Moncla Rig #8 in 1993 in a Baton Rouge plant atop a coke tower 150 feet high. In 2003, Moncla acquired Louisiana Swabbing that catapulted them into the swabbing business. This subsidiary was named Brother's Oilfield Service & Supply (BOSS), and it furnished swab trucks, tubing testing units, hot oil trucks, anchor trucks, power swivel rentals and mud system rentals. In 2005, the company also started Moncla Drilling and converted two of their 24-hour workover rigs into drilling rigs and signed long-term contracts in the Barnett Shale near Fort Worth, Texas and southwest Mississippi.
Moncla's yard on I-10 north near the University exit in Lafayette, was a familiar landmark with a huge American flag painted on the roof of the trucking building. It was at this twenty-acre facility that Moncla drilled a training well down to 4,000 feet, and began a new hire training school called the "U of Krewe". Here, hundreds of new employees were able to learn, in not only a classroom setting, but in actual on-the-job training, the safest and best way to be a part of a rig crew.
Moncla's most important asset was its loyal employees, many who dated back to the Pelican days. It was only by the expertise of the employees that Moncla was able to handle the many high profile jobs from sidetracking wells in the Florida Everglades, to high pressure completions 100-yards away from I-10, or from working for the U.S. government at the strategic petroleum reserve, to working in environmentally sensitive Federal Game Reserves. Due to the proximity to the Mississippi River, several large industrial plants transport products via ships from the Baton Rouge and New Orleans areas. These plants also have injection wells and storage wells that commonly have to be tested and worked on by workover rigs. Probably the oddest job in the history of workover rigs was done by Moncla in the early 90s when a fire at a Baton Rouge plant melted away the standard derricks atop of the 150-foot coke battery (see photograph).
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In November of that year, Moncla sold to Key Energy. Key was the largest workover company in the world at the time, and Moncla's reputation, its 53 rigs, and its 1,000 employees was a perfect fit to Key Energy's southeastern U.S. division. Charlie worked for Key in the corporate office in Houston throughout the transition period, while Charlie's family remained in Lafayette to run Key's southeastern division.
"The closing of this transaction marks ...
www.clearlakecapital.com, 11 Oct 2013 [cached]
"The closing of this transaction marks a significant milestone for Platinum," said Charles Moncla, Chief Executive Officer of Platinum.
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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.
Charlie Moncla ...
www.moncla.com, 16 Mar 2007 [cached]
Charlie Moncla
After a successful career at Pelican Well Service serving as Vice President and manager of sales, Mr. Moncla founded Moncla Well Service in 1984 with two rigs.He has grown the company to 40 rigs in 20 years.Expansion included Moncla Marine Operating, LLC in 2002.Moncla Marine currently has 4 barge rigs.Plans include the addition of two more barge rigs in the next year.
Mr. Moncla holds many distinctions within the oilfield industry including past president and current board member of the AESC.Mr. Moncla also holds a bachelor's degree from the University of Louisiana at Lafayette, where he is a Distinguished Alumnus.
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