Oil States International Inc - Company Profile
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Business Description
Oil States International Inc (Oil States) is an oilfield services provider. The company serves the drilling, completion, production, subsea, and infrastructure needs of oil and natural gas companies.
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R&D Overview
Oil States is heavily reliant on the continuous innovation and creative application of existing technologies in its Offshore/Manufactured Products segment. The company owns various patents, particularly in its connector and valve product lines. It also relies on a variety of intellectual property rights used in its businesses, including patents and proprietary rights relating to its FlexJoint, Merlin, Active Seat Gate Valves, Evolv, and SmartStart Plus technologies. The company also utilizes innovations in perforation technology through patented and proprietary systems combined with advanced modeling and analysis tools. In FY2024, the company spent US$5.2 million on R&D, which as a percentage of revenue stood at 0.7%, and grew 15.6% YoY.
Business Segments
Overview
Provides goods and services to keep oil and natural gas flowing from a well throughout its entire life cycle. Completion and drilling services are among the services offered. Wellhead isolation, wireline and coiled tubing support, frac valve and flowback, well testing, ball launching, pipe recovery, and gravel pack and sand management are all included in the completion services. In FY2024, the segment’s capital expenditure stood at US$17.9 million, which decreased 6.3% YoY.
Performance
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Overview
Provides highly-engineered products and services for offshore oil and natural gas production systems and facilities, and offshore and land-based drilling and completion markets Offers capital equipment; and production platform, connector, pipeline and drilling rig products. Portfolio of products includes flexible bearings and advanced connection systems; casing and conductor connections and joints; subsea pipeline products; valves; inches, mooring systems and cranes; and assembly, integration, testing and repair services Operates in the US Gulf of Mexico, the North Sea, Azerbaijan, Brazil, Russia, India, China, the UAE and AustraLia. In FY2024, the segment’s capital expenditure stood at US$18.4 million, which grew 99.5% YoY.
Performance
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Overview
Comprises GEODynamics business operations and provides oil and gas perforation systems, downhole tools, and services in support of completion, intervention, wireline, and well abandonment operations. This business division creates, manufactures, and sells consumable designed products to oilfield service companies as well as exploration and production firms. In FY2024, the segment’s capital expenditure stood at US$1.1 million, which decreased 37.5% YoY.
Performance
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Geographical Segments
Performance
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Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Performance
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Performance
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