Profile: Oil States International Inc (OIS)
21 May 2019
Oil States International, Inc., incorporated on July 6, 1995, through its subsidiaries, provides specialty products and services to oil and natural gas related companies throughout the world. The Company operates as a technology-focused energy services company. The Company operates through two segments: Offshore Products and Well Site Services. The Company operates in active oil and natural gas producing regions, including onshore and offshore United States, Canada, West Africa, the North Sea, South America and Southeast and Central Asia. Its customers include national oil companies, independent oil and natural gas companies, onshore and offshore drilling companies, and other oilfield service companies.
Through Offshore Products segment, the Company provides engineered products and services for offshore oil and natural gas production systems and facilities, as well as certain products and services to the offshore and land-based drilling and completion markets. Its products and services used primarily in deepwater producing regions include its FlexJoint technology, connector systems, high-pressure riser systems, compact valves, deepwater mooring systems, cranes, subsea pipeline products, blow-out preventer (BOP) stack integration, specialty welding, fabrication, cladding and machining services, offshore installation services and inspection and repair services. In addition, the Company designs, manufactures and markets numerous shorter-cycle products and services used in land and offshore drilling and completion activities and by non-oil and gas customers, including consumable downhole elastomer products utilized in onshore completion activities, valves and sound and vibration dampening products. It has facilities that support its Offshore Products segment in Arlington, Houston and Lampasas, Texas; Houma, Louisiana; Oklahoma City and Tulsa, Oklahoma; the United Kingdom; Brazil; Singapore; Thailand; Vietnam; and India.
The Offshore Products segment provides a range of products and services for use in offshore development and drilling activities. The Offshore Products segment also provides products for onshore oil and natural gas, defense and general industries. The Company designs, manufactures, fabricates, inspects, assembles, repairs, tests and markets OEM equipment for mooring, pipeline, production and drilling risers, and subsea applications along with equipment for offshore vessel and rig construction. Its products are components of equipment used for the drilling and production of oil and natural gas wells on offshore fixed platforms and mobile production units, including floating platforms, such as tension leg platforms, floating production, storage and offloading (FPSO) vessels, Spars, and other marine vessels, floating rigs and jack-up rigs. Its products and services include flexible bearings and advanced connection systems; casing and conductor connections and joints; subsea pipeline products; compact ball valves, manifold system components and diverter valves; marine winches, mooring systems, cranes and other heavy-lift rig equipment; production, workover, completion and drilling riser systems and their related repair services; consumable downhole products, and other products and services, including welding, cladding and other metallurgical technologies.
The Company is a supplier of flexible bearings (FlexJoint) connectors to the offshore oil and gas industry, as well as weld-on connectors and fittings that join lengths of large diameter conductor or casing used in offshore drilling and production operations. It designs and manufactures a range of equipment used in the construction, maintenance, expansion and repair of offshore oil and natural gas pipelines. It provides diverless connection systems for subsea flowlines and pipelines. Its HydroTech collet connectors provide a metal-to-metal sealing system for the final hook-up of deep offshore pipelines and production systems.
The Company provides pipeline repair hardware, including deepwater applications beyond the depth of diver intervention. Its products include repair clamps Used to seal leaks and restore the structural integrity of a pipeline; mechanical connectors used in repairing subsea pipelines without having to weld; misalignment and swivel ring flanges, and pipe recovery tools for recovering dropped or damaged pipelines. Its subsea pipeline products are designed and manufactured at Houston, Texas manufacturing location.
The Company's Piper Valve division designs and manufactures compact high pressure valves and manifold system components for all environments of the oil and gas industry, including onshore, offshore, drilling and subsea applications. The Company designs, engineers and manufactures marine winches, mooring systems, cranes and certain rig equipment. Its Skagit winches are specifically designed for mooring floating and semi-submersible drilling rigs, as well as positioning pipelay and derrick barges, anchor handling boats and jack-ups, while its Nautilus marine cranes are used on production platforms throughout the world. It also designs and fabricates rig equipment, such as automatic pipe racking, BOP handling equipment, as well as handling equipment used in the installation of offshore wind turbine platforms.
The Company can provide complete turnkey and design fabrication services. It also designs and manufactures a range of custom subsea equipment, such as riser flotation tank systems, guide bases, running tools and manifolds. Its consumable downhole products include Swab Cups, which is used in well servicing work; Rod Guides/Centralizers, which is used in both drilling and production for pipe protection; Gate Valve and Butterfly Valve Seats, which it provides services various markets in the valve industry, including well completion, refining, and distribution; Casing and Cementing Products, which is a manufacturer of cementing plugs, well bore wipers, valve assemblies, combination plugs, specialty seals and gaskets, and Service Tools, its products include frac balls, packer elements, zonal isolation tools, as well as custom molded products used in the well servicing industry. Its Offshore Products segment also produces a range of products for use in industrial, military and other applications outside the oil and gas industry. It provides sound and vibration isolation equipment for marine vessels; metal-elastomeric FlexJoint bearings used in a range of naval and marine applications, and drum-clutches and brakes for heavy-duty power transmission in the mining, paper, logging and marine industries.
Well Site Services
The Company's well site services segment includes a range of products and services that are used to drill for, establish and maintain the flow of oil and natural gas from a well throughout its life cycle. The Company's operations include completion-focused equipment and services, as well as land drilling services. It uses its fleet of completion tools and drilling rigs to serve its customers at well sites and project development locations.
The Company offers completion services and drilling services. Its completion services business, which is primarily marketed through the brand names Oil States Energy Services, Tempress, provides a range of services for use in the onshore and offshore oil and gas industry, including wellhead isolation services; wireline and coiled tubing support services; frac valve and flowback services; well testing, including separators and line heaters; ball launching services; downhole extended-reach technology; pipe recovery systems; thru-tubing milling and fishing services; hydraulic chokes and manifolds, and gravel pack and sand control operations on well bores. Its drilling services business, which is marketed under the brand name Capstar Drilling, provides land drilling services in the United States. The Company serves markets with its drilling services business in the Permian Basin in West Texas and the Rocky Mountain region. Its drilling services are used during the exploration and development stages of a field. As of December 31, 2016, the Company had 34 drilling rigs with hydraulic pipe handling booms and lift capacities ranging from 150,000 to 500,000 pounds. The Company markets its drilling services to independent and private oil and gas companies.
The Company competes with Schlumberger Limited, FMC Technologies, Inc., Dril-Quip, Inc., National Oilwell Varco, Inc., General Electric Company and Liebherr Cranes, Inc.
Oil States International Inc
333 Clay St Ste 4620
HOUSTON TX 77002-4101