General Industry Service Award, Southwest 2015
Awarded to: Well Master Corporation
Oil & Gas Awards Judges Comments
“Shows great innovation in product development of products that assists in industry production efficiency and leads to great growth of their own company.”
“Well Master should be commended for their commitment to research and development and for their clear belief in innovation and constant endeavour in driving products forward to meet the needs of producers.”
Well Master Corporation – Corporate Overview
Well Master Corporation (“Well Master”), based in Golden, CO and founded as a Colorado Company in 1984, designs and manufactures premium plunger lift systems for the oil & gas industry. Well Master focuses on optimizing oil & gas production (utilizing plunger lift systems) by minimizing total cost of ownership and maximizing return on investment for customers using Well Master products and services. ￼￼Well Master continues to achieve record revenue growth and profitability over five consecutive years with an annual revenue CAGR (Compounded Annual Growth Rate) of 55%. This impressive growth is led by new product innovations protected by international patents and backed by Computational Fluid Dynamics (CFD) and Aerospace Engineering. Global Channel strategies combined with a culture of delighting customers has driven dramatic growth. Well Master has accomplished much of the above by compiling an entrepreneurial and visionary leadership team determined to deliver service and value to its customers, channel partners, and employees. Employee talent has grown seven fold since 2009, each engrained in the corporate values of “trust”, “respect”, and the authority to “do the right thing” in all relationships. Corporate social responsibility and community service remains a core commitment of the organization.
Southwest 2015 Winners
- Award for Drilling Excellence - Ensign Energy Services
- Award for Excellence in Corporate Social Responsibility - Apache Corporation
- Bendix Commercial Vehicle Systems Award for Excellence in Health & Safety - Operational - Aveda Transportation and Energy Services
- Bendix Commercial Vehicle Systems Award for Excellence in Health & Safety - Products - TekSolv
- Consultancy of the Year - KJE., Inc.
- Engineering Company of the Year - Landpoint, LLC.
- Future Industry Leader Award - Stephen Cravens - YPE
- General Industry Service Award - Well Master Corporation
- Industry Supplier of the Year - Chemplex Solvay Group
- Manufacturer of the Year - Sand X
- Midstream Company of the Year - Enlink Midstream
- New Technology Development of the Year - Products - Drillform Technical Services LTD.
- New Technology Development of the Year - Software Application - Trimble, Geospatial Division
- Oilfield Services Company of the Year - Frank's International N.V
- The Oil & Gas Financial Journal Transaction of the Year - Encana Corporation
- Themark Corporation E&P Company of the Year - Occidental Petroleum Corporation
- Trucking Company of the Year - Presented by Kenworth - Ryder Systems
- VZ Environmental Award for Excellence in Environmental Stewardship - Houston Advanced Research Center
- Water Management Company of the Year - MIOX Corporation