Strong demand for industrial chemistry, from drilling fluids to additives that smooth pipeline flows for natural gas and oilfields, lit up first quarter earnings for CES Energy Solutions Corp.

Improved results versus the same period last year resulted from “high levels of revenue underpinned by industry stabilization, and continued strong market share,” the oilfield services (OFS) operator said. 

“Industry conditions continue to provide a supportive backdrop for the company with positive macro trends in supply-demand balance, activity levels, rig counts and production levels,” according to the management team.

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The OFS giant owns a...