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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.
The company was founded as an oilfield supply store in Tulsa, Oklahoma in 1937. [3] Five years later, in 1942, it started selling rubber components to oil patch producers in Texas. [3] In the 1950s, it sold rubber products used to support bridges. [3]
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 ]
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]
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 Advanced Measurements Incorporated (AMI) Canada
Delek's logistics segment gathers, transports, and stores crude oil, as well as markets, distributes, transports and stores refined product in West Texas and the Southeast U.S. These operations serve as the logistics arm of Delek's company, primarily providing support for Delek's refining operations, while also serving third parties. [8] Retail
Patterson Drilling Company was founded in 1978 by Cloyce Talbott and Glenn Patterson. [1] UTI Energy was formed in 1986 to purchase Universal Well Services, Union Supply Company, Triad Drilling Company, and International Petroleum Services Company. In 2001, Patterson Drilling acquired UTI Energy and renamed the company Patterson-UTI Energy. [3]
This list is partially sourced from the S&P Global Commodity Insights Top 250 Global Energy Company Rankings for 2022. The S&P Global list is restricted to publicly traded companies, and only integrated oil and gas, oil and gas exploration and production, oil and gas refining and marketing, and oil and gas storage and transportation companies ...