Oil States International OIS

Oil States International, Inc., through its subsidiaries, is a global provider of manufactured products and services to customers in the energy, military and industrial sectors. The Company’s manufactured products include highly engineered capital equipment and consumable products. Oil States is headquartered in Houston, Texas with manufacturing and service facilities strategically located across the globe.

Oil States International, Inc. generates revenue through the sale of highly engineered capital equipment and consumable products across its three business segments. The company serves a diverse customer base that includes national oil and natural gas companies, major and independent oil and natural gas companies, offshore drilling companies, and other oilfield service, defense and industrial companies. Revenue is derived from products and services used in offshore oil and natural gas production systems, well completion and production activities, and downhole operations supporting completion, intervention, wireline and well abandonment.

Oil States International, Inc. operates through three business segments – Offshore Manufactured Products, Completion and Production Services and Downhole Technologies.

• Offshore Manufactured Products: This segment provides technology-driven, highly-engineered products and services for offshore oil and natural gas production systems and facilities, military and other energy applications, as well as certain products and services to offshore drilling and completion markets. Key offerings include FlexJoint® technology, advanced connector systems, high-pressure riser systems, managed pressure drilling systems, compact valves, deepwater mooring systems, cranes, subsea pipeline products, offshore installation services and inspection and repair services. The segment also provides subsea mineral gathering systems, offshore wind designs, geothermal products and services, valves and sound and vibration dampening products used in naval military applications.
• Completion and Production Services: This segment includes equipment and services used to establish and maintain the flow of oil and natural gas from a well throughout its life cycle, with operations focused on completion-focused equipment and services used in both onshore and offshore applications. Services are delivered under the brand names Oil States Energy Services and Tempress, providing pressure control equipment, downhole and extended-reach technologies. The segment also offers proprietary toe valve and frac plug products focused on zonal isolation for hydraulic fracturing of horizontal wells.
• Downhole Technologies: This segment provides oil and gas perforation systems, downhole tools and services in support of completion, intervention, wireline and well abandonment operations. It designs, manufactures and markets consumable engineered products such as setting tools and bridge plugs used in completion, intervention and decommissioning applications. Product offerings utilize innovations in perforation technology through patented and proprietary systems, including proprietary toe valve and frac plug products for zonal isolation in hydraulic fracturing of horizontal wells.

Oil States International, Inc. maintains a leadership position with certain product and service offerings in each of its segments within the competitive oilfield services industry. The company faces competition from major players such as Baker Hughes Company, Hutchinson Group (a subsidiary of Total S. A.), NOV Inc., OneSubsea (a joint venture between SLB, Aker Solutions and Subsea 7) and TenarisHydril (a division of Tenaris S. A.) in the Offshore Manufactured Products segment, while competing with numerous smaller and larger oilfield service companies in the Completion and Production Services and Downhole Technologies segments.

Oil States International, Inc. serves a broad customer base that includes national oil and natural gas companies, major and independent oil and natural gas companies, offshore drilling companies, and other oilfield service, defense and industrial companies. No single customer represented more than 10% of the company’s total consolidated revenue in any period presented across its segments.