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Infrastructure Networks Names New CFO

Infrastructure Networks Names New CFO

HOUSTON, TX (June 2, 2020) — Infrastructure Networks, Inc. (“INET”), the leading wireless LTE solutions provider to the U.S. onshore energy industry, announced today that Nick Anderson is joining INET as senior vice president and chief financial officer (“CFO”).  Greg Smith, INET’s long-time CFO who returned in an interim CFO capacity this year, will move into a special advisory role to assist with the transition of duties.

“We are pleased to welcome Nick to the management team,” said Mark Slaughter, INET’s chief executive officer.  “His skills and experience will prove invaluable as we navigate the twin challenges of a global pandemic and oil market rout. I also want to thank Greg for his commitment and leadership during the time he served as our CFO.”

“I am pleased to be joining INET as its next CFO”, said Anderson, adding “I look forward to helping the Company thrive during these challenging times.”

Prior to being the CFO and a co-founder at eFrac, Anderson was also the CFO at BINGO Interests and held various finance and corporate development related positions at Lime Instruments, Plains All American Pipeline, L.P. and Vitol Inc.  Anderson holds a bachelor’s degree in finance and accounting from Texas Christian University.

Embracing Oilfield Digitalization to Reduce Operating Costs

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Over more than a decade, the promises of industrial automation, artificial intelligence (“AI”), Machine to Machine (“M2M”) communications and the overall Industrial Internet of Things (“IIoT”) have inundated energy companies with grand visions of a “Digital Oilfield”.  Many of these advancements have been made under the stress of falling oil prices, industry downturns, and now the coronavirus pandemic, which has forced companies to look for new, more efficient and tech savvy ways to reduce capital and operating expenses in a lower commodity price environment.

For all the industry’s advancements during times such as these, the promise of the digital oilfield has remained largely inaccessible.  Advancements in automation, AI, remote monitoring, and the promise they bring of reduced capital and operating expenses have yet to be fully realized. One reason is that as advanced as the oil and gas industry has become, it’s not when it comes to remote oilfield connectivity. Read More

OGGN Features INET on Oil and Gas Tech Podcast

In today’s market, energy companies are pushing towards a leaner, and consequently more tech savvy oilfield. Mark Lacour, host of Oil and Gas Global Networks, the largest energy podcast in the world, sat down with INET CEO Mark Slaughter and CTO Stan Hughey last month to discuss INET’s 5G projects in the Permian and how the digitalization of the oilfield will help companies reduce costs while increasing productivity and efficiency.

Listen to the podcast on OGGN: https://oilandgastechpodcast.com/ogit42/

 

An Update from INET: Steps we’re taking to respond to COVID-19

To our INET Community:

INET announced to our employees yesterday that we are extending the proactive measures we initiated in early March to encourage all nonessential employees to work from home.

As COVID-19 (Coronavirus) continues to spread through our communities, INET is closely monitoring health and safety guidelines from public health officials and governmental organizations regarding COVID-19.  President Trump has extended federal social distancing guidelines to April 30, encouraging Americans to avoid leaving their houses and keep working from home.

INET operations and network personnel remain active in the field, following guidelines regarding social distancing and personal hygiene.  We remain fully in business, providing our customers with robust and reliable remote communications solutions that play a pivotal role in lowering operating costs for our customers in this environment and over the longer-term helping our customers achieve the full benefits of a digital transformation of their remote operations.

INET will continue taking the following steps to protect our employees, partners and customers by:

  • Implementing social distancing policies such as exercising our extensive remote worker capabilities
  • Alternating and staggering work schedules to minimize worker exposure
  • Eliminating nonessential travel
  • Redoubling our cleaning and sanitizing practices for our offices, work areas, vehicles and common spaces

We will continue to evaluate our preparedness by following updates and protocols suggested by the Centers for Disease Control (CDC), Texas Department of State Health Services and the World Health Organization (WHO).

Thank you for your continued support.

Infrastructure Networks Appoints Hector Maytorena as Senior Vice President – Sales and Business Development

Infrastructure Networks Appoints Hector Maytorena as Senior Vice President – Sales and Business Development

Remote Communications Industry Veteran to Lead Sales Offensive

HOUSTON, TX (March 24, 2020) — Infrastructure Networks, Inc. (“INET”), a leading private Iicensed LTE network solutions provider, announced that today that it has appointed Hector Maytorena to the new position of senior vice president – Sales and Business Development.  Reporting directly to Mark Slaughter, chief executive officer, Maytorena will be responsible for INET’s sales and business development activities across upstream and midstream energy, utilities, mining, agriculture and municipalities.

Most recently, Maytorena was president and managing director, North America at Tampnet AS, an offshore LTE solutions provider.  Earlier he served as group vice president – Managed Services at RigNet, Inc. (Nasdaq: RNET), a leading global remote communications provider.  Having attended executive education programs at Stanford University’s Graduate School of Business and the University of Virginia’s Darden School of Business, Maytorena has an MBA from Tulane University’s A.B. Freeman School of Business.

Said Slaughter, “I am delighted that Hector is joining our senior leadership team.  He is a proven leader with a strong track record of delivering profitable growth.  He successfully led RigNet’s core business segment, Managed Services, helping that company achieve a billion dollar valuation during its heyday.  Most recently, Hector has been instrumental in establishing Tampnet in the U.S. Gulf of Mexico market and positioning it for expansion into other offshore markets in the Western Hemisphere.  And today, as we face the twin global challenges of a coronavirus pandemic and an oil market rout, we believe this is exactly the time to go on a sales offensive, to pursue the customers we want for the long-term and to help our customers achieve the digital transformation they need to be successful in this environment and beyond.  We look forward to Hector’s contributions at INET.”

“I  am excited to be joining Mark and the rest of the leadership team at INET”, added Maytorena.  “With a 4G/5G-ready LTE network, INET serves as the foundation enabler of digital solutions in remote locations, allowing companies and governmental entities to realize the full benefits of a digital transformation.  I am confident my skills and experience will help INET with its next phases of development and growth.”

Infrastructure Networks’ Responses to COVID-19 & Changes to Business Operations

Infrastructure NetworksAs the COVID-19 (Coronavirus) now has been officially classified as a global pandemic and as the risk of infection spreads around the country, Infrastructure Networks (“INET”) is proactively taking actions to minimize the spread throughout the community and to ensure our ability to support ongoing operations for our clients.

Effective Monday March 16, 2020 and until deemed safe by the government, all individual contributors, staff and support personnel will now work remotely and/or on staggered work schedules. All production, service delivery and supply chain personnel will be working rotating shifts to reduce in-office exposure while maintaining full production activities. Training, meetings and gatherings for all field operations personnel will be conducted online.

As a critical infrastructure communications services provider, we have standing business continuity and disaster preparedness plans in place to help guide us as we contend with the developing challenges surrounding this outbreak.

We are proactively taking steps to protect our employees, partners and clients by:

  • Implementing social distancing policies such as exercising our extensive remote worker capabilities
  • Alternating and staggering work schedules to minimize worker exposure, eliminating non-essential travel
  • Redoubling our cleaning and sanitizing practices for our offices, work areas, vehicles and common spaces

INET acknowledges the request to maintain ongoing open and transparent communications with our clients, partners, consultants and employees. We will continue to evaluate our preparedness by following updates and protocols suggested by the Centers for Disease Control (CDC), Texas Department of State Health Services and the World Health Organization (WHO).

Thank you for your continued support. We wish you all the best in the coming months.

Executive Q&A: Hart Energy Interviews CEO Mark Slaughter on INET Push Towards 5G

Untitled

Click Here to view the video interview on HartEnergy.com

Hart Energy:
What was the driving force behind forming this company? Share a little history with us if you will.

Mark Slaughter:
I joined this past year, but the company Infrastructure Networks was formed in 2011 around a value proposition of serving oil and gas customers in the Lower 48 with LTE [long-term evolution] based communication services. Read More

INET to Present at AADE Houston February 6 Luncheon

Please join us for the upcoming AADE Houston Chapter luncheon meeting to be held at the Petroleum Club on Thursday, February 6, 2020. INET CEO Mark Slaughter will be presenting as luncheon speaker on 5G and IIoT: The Future of Oilfield Communications.

Abstract: As advanced as the oil and gas industry is today – it’s not when it comes to realizing true benefits from the “Digital Oilfield”. Operators still struggle with basic field connectivity at their remote and distributed well pads and facilities. Mark Slaughter, CEO of Infrastructure Networks (“INET”), will discuss how INET is helping operators overcome these challenges to field connectivity with its private licensed 4G/5G-capable network that is partnered with leading digital technology providers to deliver IIoT solutions across drilling, completions and production sites in major U.S. shale basins. Learn further how INET is working today with progressive operators to deploy 5G pilots in the Permian. Read More

Light Reading: Meet the Biggest Private Wireless Network Operator You’ve Never Heard of – INET

The company covers 130,000 square miles of US territory with high-speed mobile data services. It owns vast stretches of 700MHz spectrum licenses. It counts around 80 employees managing around 100 cell towers transmitting 4G LTE signals from Nokia AirScale equipment.

It’s a privately held company called Infrastructure Networks, and it’s not in the mobile phone business.

“We’re oil and gas people, by background,” says CEO Mark Slaughter with a slight west Texas twang. “It’s a different situation when you’re talking about oil and gas.”

The enormous wireless network owned and operated by Infrastructure Networks is only available to industrial companies like Halliburton and Schlumberger. That effectively makes Infrastructure Networks a major player in the private wireless networking industry in the US — the company’s network basically eliminates the need for its customers to build their own private networks in hard-to-reach, oil-rich areas of the US.

Read More