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Oilfield service companies may produce, maintain, and repair equipment used in oil extraction and oil transportation. [1] In 2019, the global oilfield services market was US $ 267.8 billion. [ 2 ]
In 2005 Dover acquires C-Tech Design and Manufacturing, a manufacturer of equipment and machinery for the oilfield service industry including custom built coiled tubing units, rapid-rod service units, flush-by units and coiled tubing and rod injectors. In 2006 an Artificial Lift Services group is formed within Dover Energy.
NOV Inc., formerly National Oilwell Varco, is an American multinational corporation based in Houston, Texas.It is a worldwide provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry.
Location of Texas. Texas is a state in the South Central region of the United States. The region's second-quarter 2018 gross state product was 8.6% of the GDP of the country at $1.755 trillion, with significant growth in mining, quarrying, and oil and gas extraction. [1]
TX 1998 Dawson Production Services Texas 1999 Six minor companies, adding 93 rigs to inventory various 2001 Three minor acquisitions, adding 34 rigs to inventory various 2002 Q Services [2] TX, LA, OK, NM and Gulf of Mexico 2003 Lea Fishing Tools (oilfield services) NM 2004 Fleet Cementers CA & TX 2007 Moncla Companies LA, MS & TX
The company was formed in 2009 when CEO Dan K. Eberhart purchased Frontier Energy Group, LLC after quitting a job at a Houston-based oilfield services company. [3] Over the next three years, Eberhart acquired additional oilfield service companies, spending about $100 million before acquiring Canary Wellhead Equipment in 2013. [4]
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