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Company Description

Contact Info

7909 Parkwood Circle Drive

Houston, TX 77036

United States

Phone: 713-346-7500

Fax: 713-375-3994

t optimize their performance, including: solids control and waste management equipment and services; drilling fluids; portable power generation; premium drill pipe; wired pipe; drilling optimization and automation services; tubular inspection, repair and coating services; rope access inspection; instrumentation; measuring and monitoring; downhole and fishing tools; steerable technologies; hole openers; and drill bits. Wellbore Technologies focuses on oil and gas companies and supports drilling contractors, oilfield service companies, and oilfield equipment rental companies. Drill Pipe Products: The company designs, manufactures, and sells a full range of proprietary premium and API drill stem products used for the drilling of oil and gas wells. A drilling rig typically carries an inventory of 10,000 to 30,000 feet of drill pipe, which is consumed over time by the drilling process. The company offers a line of premium drilling products designed for the drilling of extended reach, directional, horizontal, deepwater, and ultra-deep wells in both international and domestic markets. Voest-Alpine Tubulars (VAT): VAT is a joint venture between the company and the Austrian based Voest-Alpine Group. The company has a 50.01% investment in the joint venture which is located in Kindberg, Austria. VAT owns a tubular mill with an annual capacity of approximately 380,000 metric tons and is the primary supplier of green tubes for its U.S. based production. Tubular Coating: The company develops, manufactures and applies its proprietary tubular coatings, known as Tube-Kote coatings, to new and used downhole tubulars and line pipe. In addition, the company offers a mechanical fit connection that is very quick to field install and combined with internal coatings provides a continuous internal surface of coatings thru the connection. The company also offers other corrosion solutions, such as fiberglass lined tubing that also services its customers as it relates to wells that are injection or enhance oil recovery wells. Tubular Inspection: In addition to its Tubular Inspection product line, the company has a Specialty Inspection group that performs rig inspections, drop surveys, lift gear inspections and derrick building services via rope access with locations around the world to service the land and offshore contractors. Tubular inspection techniques include electromagnetic, ultrasonic, magnetic flux leakage and gamma ray. Inspection services are provided by mobile units at the wellhead as used tubing is removed from a well, and at fixed site locations. Mill Systems and Sales: The company engineers and fabricates inspection equipment for steel mills, which it sells and rents. The equipment is used for quality control purposes to detect defects in the pipe during the high-speed manufacturing process. Each piece of mill inspection equipment is designed to customer specifications and is installed and serviced by the company. Machining, Repair and Services: The company offers various machining services, including thread repair, tool joint rebuilding and sub manufacturing, providing a one-stop-shop concept for its drill pipe customers. Drilling and Intervention: The company combines a range of drilling and intervention tools with drilling, coring, borehole enlargement and other services. The company manufactures fixed cutter and roller cone drill bits and services its customer base in every significant oil and gas producing region of the world. The company designs, manufacturers and services a range of downhole motors which are capable of achieving higher rotary velocities than can generally be achieved using conventional surface rotary equipment. The AGITATOR friction reduction tool delivers improved drilling efficiency along with extending the reach of horizontal drilling applications. The company manufactures range of hole-opening solutions, borehole enlargement, which produce enlarged wellbores in various applications and operate in demanding environments around the world. The company manufactures steerable technologies that allow for borehole directional control, enabling its customers to drill efficiently

 

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NOV

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Valuation NOV Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.7x
Price/Book 1.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.1x
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