Friday, January 29, 2010

2009 Entrepreneurs of the Year

I've been negligent in not congratulating Packers Plus Energy Services for being named Canada’s Entrepreneur of the Year last November by Ernst & Young.

Founded in 2000 by Dan Themig, Ken Paltzat and Peter Krabben, Packers Plus is a technology firm that helps oil and gas companies dramatically increase the amount of recoverable oil and natural gas from existing reserves, even those that were thought to be uneconomic. It’s a great reminder of the importance that non-IT technology plays in Canadian industries not normally considered “high-tech.”

“By challenging traditional thinking, Packers Plus has developed and proven brilliant new technology that is profoundly changing Canada’s energy sector,” said Colleen McMorrow, national director of E&Y’s EOY program. .

Themig, Paltzat and Krabben all worked at multinational oil-service companies before joining Packers Plus. They founded the company based on their common belief that innovative completion technologies would fundamentally change the oil and gas industry. Now, with almost 400 employees, Packers is expanding rapidly, with offices and operations in Canada, the U.S., Mexico, Chile, Argentina. the Middle East and China.

One secret of Packers’ success may be its focus. According to its website, Packers creates value in three areas. It’s a vision I think all companies should work on:

Operational excellence – This is the foundation of our company and we strive to constantly improve, to deliver the very best each and every time.
Innovation – We look for new ideas and processes to develop products and services that meet the ever-changing needs of our customers.
Customer Intimacy – We know the value of understanding each individual client and their unique needs and we are able to cater to each client's specific requirements.

In an interview this month with The Globe and Mail, Packers CEO Dan Themig explained why the company has no plans to go public. “The three founders own most of the company. Schlumberger owns 30%, which took place five years ago, but that’s it. We want to be a privately-held company … It’s amazing when you focus on operational excellence, when you focus on no mistakes in the field and flawless execution, things like that – the financial things tend to take care of themselves.”

1 comment:

Kung Pao said...

I was actually just given a really cool book called “Young Guns” as a gift. For those of you that are trying to establish yourself in the business world like I am, I’ve been reading this book and it actually gives you the best and most specific tips for achieving success at a young age.