CSI offers project management services through a subsidiary company, Completion Specialists PMT, LLC, (CSPMT) allowing our clients to maximize their capabilities by having Completion Specialists provide total project coordination, engineering and supervision for those companies with limited staff. This service allows the client to maintain control of the project without committing their staff resources to management of the project. We provide project management services for not only our core completion, recompletion and workover projects, but also for select new drill or sidetrack projects.
CSPMT carries all the typical insurance necessary to provide project management services to its clients. We carry $1,000,000 of general liability with $10,000,000 excess. Our OEE/COW rates are also sometimes more favorable than our clients, due to our experience and the number of projects we manage on an annual basis. In some cases the OEE/COW savings can pay for a large portion of our services. We have executed master service agreements and maintain good relations with most of the major providers of services to our industry.
In an effort to better align our company with our clients, we also seek out opportunities to participate in new drill prospects and/or newly acquired assets for select independent operators.