Profile: NOW Inc (DNOW.N)
30 Jan 2015
NOW Inc., incorporated on November 22, 2013, is a distributor to the oil and gas industry. The Company operates primarily under the DistributionNOW and Wilson Export brands. The Company operates in three segments: United States, Canada and International. The Company’s energy product offering is needed throughout all sectors of the oil and gas industry-from upstream drilling, completion and production to midstream infrastructure development to downstream petroleum refining, as well as in other industries, such as chemical processing, power generation and industrial manufacturing operations. The industrial distribution portion of its business targets a diverse range of manufacturing and other facilities across numerous industries and end markets. The Company also provides supply chain management to drilling contractors, exploration and production (E&P) operators, pipeline operators, downstream energy and industrial manufacturing companies globally. The Company also helps its customers to source and procure a variety of other products that it does not generally inventory. In May 2014, National Oilwell Varco Inc completed the spinoff to its stockholders of its distribution business as an independent public company, NOW Inc.
The Company’s global product offering includes consumable maintenance, repair and operating (MRO) supplies, pipe, valves, fittings, flanges, line pipe, electrical, artificial lift solutions, mill tools, safety supplies and spare parts to support customers’ operations. The Company provides a one-stop shop value proposition within the oil and gas E&P market and particularly in targeted areas of artificial lift, measurement and controls, valve actuation and flow optimization. It also offers warehouse management, vendor integration and various inventory management solutions. Our supply chain solutions include outsourcing the functions of procurement, inventory and warehouse management, logistics, business process and performance metrics reporting. This solutions offering allows the Company to leverage the infrastructure of its SAP ERP system to streamline the purchasing process for customers, from requisition to procurement to payment, by digitally managing approval routing and workflow and by providing robust reporting functionality. The Company supports land and offshore operations for all the oil and gas producing regions globally through its network of more than 270 Energy Branch locations. The Company provides downstream energy and industrial products for petroleum refining, chemical processing, power generation and industrial manufacturing operations through more than 60 Supply Chain and customer on-site locations.
The Company’s products include carbon line pipe and stainless and alloy pipe. Carbon line pipe is typically used in high yield, high stress applications such as gathering and transmission of oil, natural gas and liquids. Stainless and alloy pipe is used in high temperature or corrosive applications. It also carry tubing (used to extract oil or natural gas from wells), as well fiberglass and Polyvinyl chloride (PVC) pipe used in various oil and gas applications. It carries a line of pipe coated with fusion bond epoxy. It offers threading, grooving, cutting and other various coatings for the pipe. While it also offer oil country tubular goods, they comprise a small portion of its pipe sales and inventory.
The Company’s products include ball, butterfly, gate, globe, check, needle and plug valves manufactured from cast steel, forged steel, stainless/alloy steel, ductile iron and carbon steel. Valves are used in the refinery, petrochemical and oilfield industries to control flow, direction, velocity and pressure within transmission systems. Valve actuators used for regulating flow and on/off service, as well as specialty valves used in process and oilfield applications, is carried in our inventory.
Fittings & Flanges
The Company’s steel fittings and flanges in carbon, stainless, alloy, low temperature, and high-yield applications are used to connect piping and valve systems for the transmission of liquids and gasses. Products that complement the lines such as fasteners, gaskets and instrumentation products are also included. These products are used in all segments of its business.
Mill, Tool, Safety and Electrical Products
Includes a range of products, such as hand tools, cutting and power tools, abrasives, chemicals and lubricants, paints and coatings, paper and janitorial supplies, welding products, personal protection equipment, respirator protection products, environmental monitoring equipment, safety showers and eyewash, fire products, batteries and various other supplies used by its customers. The Company also offers on-site safety solutions, equipment rentals, and dispensing solutions. Electrical products include cable, wire, lighting, motors and other product lines used in onshore and offshore drilling, marine, oil & gas and production industries.
Energy MRO items
The Company’s range of products including chain, chokes, rope, hoses and hose parts, stuffing boxes, couplings, unions, belts bushings and expendables. Artificial lift products include plunger lifts, rod pumps and parts, polish rod and progressive cavity pumps. It also sells the NOV line of rig aftermarket spare parts, Mission products, fiberglass systems, Robbins & Myers, Inc. products, Mono, and many other brands manufactured by NOV.
The Company competes with Apex Distribution Inc., Bell Supply Co., Edgen Group, Inc., Ferguson Enterprises, Inc., MRC Global, Inc., Russell Metals, Inc., Shale-Inland Holdings LLC, Ferguson Enterprises, Inc., W.W. Grainger, Inc., HD Supply, Inc. and Fastenal Company.
7402 NORTH ELDRIDGE PARKWAY
HOUSTON TX 77041