Drilling Tools International Corporation is a global oil and gas service provider that designs engineers manufactures and rents a focused suite of downhole tools for horizontal and directional drilling operations both onshore and offshore as well as providing complementary solutions throughout the well life cycle.

The company generates income primarily by renting its inventory of drilling tools to oil and gas exploration and production companies as well as to oilfield service contractors under daily hourly weekly or monthly rate structures. Revenue also comes from fees for repair of damaged tools and from replacement charges when tools are lost or destroyed beyond repair.

Drilling Tools International Corporation holds a leading position in the North American land drilling market where it supplies tools to more than half of active rigs and is recognized as the top provider in the Gulf of Mexico deepwater sector. The firm competes with a limited number of specialized rental tool companies but maintains an edge through its large and diverse tool fleet its proprietary logistics system known as COMPASS and its strong relationships with major oilfield service firms and exploration producers. Its scale extensive service network and commitment to safety and quality create barriers to entry for new entrants.

The company serves a mixed customer base with approximately forty eight percent of revenue coming from diversified oilfield service companies such as Baker Hughes Company Halliburton Company Phoenix Energy and SLB formerly known as Schlumberger. Another forty eight percent of revenue is derived from exploration and production operators including Chevron BPX Energy EOG Resources Inc Occidental Petroleum Corporation and Pioneer Energy Services Corp. The remaining four percent of revenue comes from equipment manufacturers namely Liberty Lift Solutions and National Oilwell Varco.