Petroleum Equipment & Services

What Petroleum Equipment & Services does

Petroleum Equipment & Services, Inc. (PESI) is a privately held Alaska-based oilfield equipment and services company founded in 1983 and headquartered in Anchorage. The company serves oil companies and drilling contractors developing fields on Alaska's North Slope and Cook Inlet, providing a vertically integrated mix of cementation equipment and accessories (centralizers, cement plugs, stop collars, float shoes, stage equipment), downhole completion products (permanent, retrievable, swellable, and inflatable packers, chemical injection mandrels, gas lift equipment, liner hangers, memory gauges, inflow control tools), and pipe and equipment rentals drawn from an inventory of over 300,000 ft of drill pipe. Complementary offerings include shop and field services (bucking, pressure testing, tubular makeup and breakout, 24/7 shop technicians and field hands, vehicle rentals, Prudhoe Bay lodging), tensioned fabric membrane structures via a partnership with Sprung Structures, and an environmentally focused thread-protector recycling program operated through subsidiary Alaska Service & Technology (ASTECH) that has diverted over 5.5 million pounds of material from landfills since 2002.

PESI's operating model combines equipment sales, recurring rental streams, project-based technical services, and direct enterprise field sales. The company runs three Alaska facilities — Anchorage (headquarters), Nikiski (Kenai), and Prudhoe Bay/Deadhorse — with shop infrastructure sized for remote oilfield deployment (overhead cranes up to 10-ton, 10kpsi test bunkers, breakout machines with torque-turn monitoring, and a 16-room man camp). It holds API Q2 Quality Management System certification and represents a network of U.S.-based oilfield technology vendors (Target Completions, TAM International, NCS Multistage, Frontier Oil Tools, Inflow Control, Houston Casing, Wellbore Integrity Solutions, FET, VanOilCS, Oilfield Service Professionals, Emerald Surf) as their Alaska channel partner. Pricing is custom and quote-based, tied to project specifications, with multi-year contract structures.

Revenue is not publicly disclosed. The company is led by President Kevin Durling and Vice President of Operations & Product Development Greg Nutter, with a sales and operations team including Strategic Account Managers, a Senior Completions Product Manager, an Alaska Operations and Service Supervisor, and a Strategic Sales Rep & Logistics Specialist. PESI remains founder/management-owned, with its first disclosed external capital raise being a March 2025 $1.291M financing from Thomas Financial Group after more than four decades of independent operation.

Name

Petroleum Equipment & Services

Legal name

Petroleum Equipment & Services, Inc.

Website

https://pesiak.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Oilfield Equipment and Services

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132), Mining and Oil and Gas Field Machinery Manufacturing (33313)

SIC

Oil & Gas Field Machinery & Equipment (3533), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment) (EUALABAL)

akta.pro secondary industries

OFS Engineering, Construction & O&M (Field Development, Brownfield, Maintenance) (EUALABAM), Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH), Pressure Pumping & Stimulation (Hydraulic Fracturing, Acidizing) (EUALABAF)

Keywords

• Oilfield equipment sales
• Downhole completion tools
• Cementation services
• Drill pipe rentals
• Oilfield support services

Headquarters

HQ city

Anchorage

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Equipment Sales: Sale of downhole completion tools, cementation equipment, packers, top drives, and related petroleum industry equipment to oil companies and drilling contractors.
2. Pipe and Equipment Rentals: Rental of drill pipe (over 300,000 ft available) and related handling equipment to drilling contractors. Strategic inventory locations in Nikiski and Prudhoe Bay.
3. Technical Services: Engineering support, project management, logistics coordination, shop services including bucking, pressure testing, tubular makeup/breakout, and assembly pressure testing.
4. Shop and Field Services: 24/7 shop technicians and field hands, equipment repair and maintenance, vehicle rentals and lodging (Prudhoe Bay), and tubular services.
5. Membrane Structures Sales and Installation: Sale and installation of Sprung tensioned fabric structures for industrial applications in Alaska's harsh environments.
6. Recycling Services: Thread protector cleaning and recycling services for oil companies, providing environmental compliance and cost savings.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Petroleum Equipment & Services, Inc. (PESI) sells and rents specialized oilfield equipment and provides technical, shop, and field services to oil companies and drilling contractors operating on Alaska's North Slope and Cook Inlet. Offerings include cementation tools and accessories, downhole completion products, drill pipe rentals (300,000+ ft), tensioned fabric membrane structures, shop and field services, and a thread protector recycling program.

Product overview

Petroleum Equipment & Services, Inc. (PESI) is an Alaska-based equipment and service provider serving the oil and gas industry since 1983. The company offers a portfolio of specialized products and services including Cementation Equipment (cementing tools, accessories, bucking and pressure testing), Completion Equipment (downhole tools, packers, and completion engineering support), Pipe & Equipment Rentals (over 300,000 ft of drill pipe), Membrane Structures (Sprung tensioned fabric buildings), Shop Services (repair, maintenance, and field support), and a Recycle Program for thread protectors. The subsidiary Alaska Service & Technology (ASTECH) handles specialized thread-protector cleaning. Services are delivered through three Alaska locations in Anchorage, Nikiski, and Prudhoe Bay with logistical coordination for remote oil field delivery.

Differentiator

Problem solved

Functional benefit

Products and services

• Cementation Equipment Cementation tools and accessories with over 20 years of specialization in the Alaska market, including centralizers, cement plugs, stop collars, drill pipe screens, float shoes and collars, stage equipment, bucking services, and pressure testing for well completion engineering.
• Completion Equipment Downhole completion products and completion engineering support including permanent, retrievable, swellable, and inflatable packers, chemical injection mandrels, gas lift mandrels, landing nipples, liner hangers, memory gauges, and inflow control tools, sourced from U.S.-based suppliers.
• Pipe & Equipment Rentals Rental of over 300,000 feet of drill pipe in multiple sizes (2 7/8" to 5 7/8") including Hevi-Wate Drill Pipe, plus pipe-specific handling equipment, valves, and related equipment, strategically located in Nikiski and Prudhoe Bay for rapid deployment.
• Membrane Structures Sale and installation of Sprung tensioned fabric membrane structures (relocatable, clear-span) engineered for harsh environments including extreme cold (-40C), wind (210mph), snow (450psf), and heat (55C) for oil and gas, mining, military, aviation, and public works applications.
• Shop Services Comprehensive shop services including equipment and critical spare storage, vehicle rentals and lodging in Prudhoe Bay, 24/7 shop technicians and field hands, equipment repair and maintenance, tubular makeup and breakout services, and assembly pressure testing.
• Recycle Program Environmentally safe cleaning and recycling of thread protectors for the petroleum industry, providing environmental compliance and cost savings; operated continuously since 2002.
• Alaska Service & Technology (ASTECH) Wholly-owned subsidiary of PESI specializing in environmentally safe cleaning of thread-protectors used in the petroleum industry.

Quantifiable outcome

• Over 5.5 million pounds of metal and plastic kept out of landfills since 2002
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered core.

• Sprung StructurescoreStrategic or Co-development PartnerPESI partners with Sprung Structures (backed by nearly 140 years of experience) to provide relocatable, clear-span tensioned fabric buildings for Alaska's harsh environments. PESI serves as the Alaska representative for Sprung Structures, offering rapid construction tensioned membrane structures proven in extreme conditions including Prudhoe Bay (-40C), Guam (210mph winds), High Sierra Mountains (450psf snow), and Middle East (55C heat). Structures serve Oil & Gas, Mining, Military, Aviation, and Public Works industries.
• Target CompletionscoreTechnology or IntegrationVendor partner supplying downhole completion products including packers and completion tools.
• Frontier Oil ToolscoreTechnology or IntegrationVendor partner supplying completion tools and products for Alaska projects.
• TAM InternationalcoreTechnology or IntegrationVendor partner supplying completion equipment products.
• VanOilCScoreTechnology or IntegrationVendor partner supplying completion tools and services.
• Oilfield Service ProfessionalscoreTechnology or IntegrationVendor partner supplying downhole products and completion services.
• Houston CasingcoreTechnology or IntegrationVendor partner supplying cementation tools and equipment for Alaska market.
• Inflow ControlcoreTechnology or IntegrationVendor partner supplying inflow control tools and AICVs for completion applications.
• NCS MultistagecoreTechnology or IntegrationVendor partner supplying multistage completion tools.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Forum Energy Technologies: Global manufacturer and provider of oilfield equipment and services, and an existing PESI vendor partner. Directly comparable as a supplier of drilling, completion, and production equipment used by North Slope operators.
• Wellbore Integrity Solutions: Provider of wellbore intervention and integrity products, and an existing PESI partner. Comparable to PESI's cementation and completion tooling line given overlap in well construction and intervention equipment.
• NCS Multistage: Provider of multistage completion tools and downhole technologies, and an existing PESI vendor partner. Directly comparable as a supplier of advanced completion technologies that PESI represents and supports for Alaska operators.
• Hunting PLC: Manufacturer and supplier of precision-engineered oilfield equipment including OCTG and completion tools. Comparable to PESI on the equipment supply side, particularly for downhole completion components used in Alaska wells.
• KLX Energy Services: U.S.-focused oilfield services and equipment provider offering completion, intervention, and production services to onshore operators. Comparable in scale and service mix to PESI's completion and production support offerings.
• TAM International: Manufacturer of inflatable packers and downhole completion tools, and an existing PESI vendor partner. Directly comparable as a vendor whose completion products flow through PESI's Alaska distribution channel.

Broad incumbents

• DXP Enterprises: Diversified industrial distributor with a substantial oilfield equipment supply segment. Comparable to PESI as a distributor of pumps, valves, and oilfield consumables to upstream operators, with greater scale and broader geographic footprint.
• DistributionNOW: Large publicly traded oilfield supply and distribution company serving upstream operators across North America. Comparable to PESI in its core role as a downstream distributor of pipe, valves, and oilfield consumables, though at vastly larger scale and broader geography.
• TETRA Technologies: Diversified oilfield services and chemicals company with completion fluids and water-management offerings. Comparable to PESI on the completion-services adjacency and as a vendor of specialty oilfield products.

Regional players

• Peak Oilfield Service Company: Alaska-based oilfield services company providing equipment, rentals, and support to North Slope and Cook Inlet operators. The closest geographic comparable to PESI, operating in the same Alaska oilfield services market with a similar integrated supply, rental, and service model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Petroleum Equipment & Services