Going Deep with Aaron Watson 458 $100 Million Turnaround in the Oil and Gas Industry w/ Mark Marmo of Deep Well Services
When Mark Marmo took over as the CEO of Deep Well Services, the company was losing $2 million per year on $9 million in revenue. Six years later, Deep Well Services was making $30 million in net income on $110 million in revenue.
Mark accomplished this by focusing on bringing an innovative & efficient service to the market, building a healthy company culture, and trusting his data analysts to make good decisions.
In this conversation, Aaron and Mark discuss the standard he has implemented, the challenges of 2020, and the plans Mark is making for the future.
Deep Well Services’ mission is to help make North America energy independent and his team is proud to be working toward that end.
Their clients include Ascent Resources, CNX, Chevron, Shell, XTO Energy, Hess Oil, Eclipse Resources, Range Resources, Gastar, Arsenal, HG Energy, Gulfport, Rice Energy, and Southwestern Energy.
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Mark Marmo’s Challenge; Find a mentor. Build your network. Get into a firm with a great culture.
Connect with Mark Marmo
mmarmo@deepwellservices.com.
If you liked this interview, check out episode 425 with Matt Wieszczyk where we discuss land rights, gas prices, and the Marcellus Shale formation.
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