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Superior Drilling Products

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uuid0006qty

Namestring
Superior Drilling Products
Legal namestring
Drilling Tools International
Websiteurl
sdpi.com
Company typeenum
Private
Founded yearint
1993
Descriptiontext

Superior Drilling Products, now operating as Drilling Tools International (DTI), is a US-based oilfield services manufacturer and tool rental provider founded in 1993. The company designs, engineers, manufactures, and refurbishes polycrystalline diamond compact (PDC) drill bits and drill string components for oil and gas drilling operators, with headquarters in Houston, Texas and a manufacturing and sales facility in Broussard, Louisiana, plus a Diamond Products Division manufacturing office in Vernal, Utah. Its product portfolio is organized into seven operating divisions: Directional Tool Rentals (stabilizers, drill collars, hole openers, downhole filters, sub assemblies, drilling accessories), Premium Pipe Rentals (drill pipe, Hevi-Wate drill pipe, handling tools, BOPs), the Diamond Products Division (PDC tool manufacturing and refurbishment), Wellbore Optimization (Drill-N-Ream® and RotoSteer™ systems), Deep Casing Tools (Target Depth Technology, plug and abandonment enhancement, slot recovery enhancement), Production Tools (Stinger Oil Tools, friction reduction Slick Tools), and Downhole Inspection Services.

The company generates revenue through a hybrid model that combines recurring rental streams from directional tools and premium pipe tubulars with PDC product sales, refurbishment services, prototype product engineering, and downhole inspection services. It sells directly to oil and gas drilling operators through an enterprise field sales motion anchored by 24-hour dispatch contacts in Houston and Louisiana, supported by a customer login portal, downloadable brochures, and a content marketing blog (Tool Talk). Customers use DTI tools across directional drilling operations, wellbore optimization, casing installation, plug and abandonment, and production drilling. The firmographic data references an amex:SDPI public listing, while the detailed company data describes a privately held entity with a Diamond Products Division as its sole disclosed subsidiary; this inconsistency in the source material limits the precision of any ownership classification.

Short descriptiontext

Superior Drilling Products, operating as Drilling Tools International (DTI), manufactures and refurbishes PDC drill bits and drill string components and rents directional drilling tools, premium pipe, and BOPs to oil and gas drilling operators across the United States.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersVernal, United States
HQ citystring
Vernal
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices3 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
drill bit manufacturing, directional drilling tools, PDC tool design, oilfield equipment rentals, drill string components
Industry3 codes
1Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment)
CodeEUALABALPrimaryYes
2Drill Tools, Bits & Downhole Equipment
CodeIMAHAMABPrimaryNo
3Completion Tools & Subsurface Equipment (Packers, Liners, Valves, Sand Control)
CodeEUALABADPrimaryNo
NAICS code3 codes
  • Oil and Gas Field Machinery and Equipment Manufacturing333132
  • Mining and Oil and Gas Field Machinery Manufacturing33313
  • Support Activities for Mining2131
SIC code2 codes
  • Oil & Gas Field Machinery & Equipment3533
  • Oil & Gas Field Services, Nec1389
Product category
Oilfield Drilling Equipment & Tools
Social media profiles2 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model6 records
1Directional Tool Rentals
TypeSubscription Recurring
Description

Rental of stabilizers, drill collars, hole openers, downhole filters, sub assemblies, and drilling accessories for directional drilling operations.

drillingtools.com
2Premium Pipe Rentals
TypeSubscription Recurring
Description

Rental of drill pipe, Hevi-Wate drill pipe, drill collars, handling tools, subs, and BOPs (Blowout Preventers).

drillingtools.com
3PDC Product Sales
TypeHardware Sales
Description

Sale of polycrystalline diamond compact tools, downhole desanders, and production tools including Stinger Oil Tools and friction reduction technology (Slick Tools).

drillingtools.com
4Tool Refurbishment Services
TypeProfessional Services
Description

Refurbishment of all types of PDC tools with fleet management systems support.

drillingtools.com
5Inspection Services
TypeProfessional Services
Description

Downhole inspection services for drilling equipment.

drillingtools.com
6Prototype Product Support
TypeProfessional Services
Description

Design, engineering, and manufacturing support for prototype PDC products.

drillingtools.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 3 records shown
1Diamond Products Division
Description

Dedicated PDC tools and refurbishment/fleet management division of DTI, specializing in design, engineering, manufacturing, and refurbishment of polycrystalline diamond compact products.

drillingtools.com
+2 more records
Core offering1 text field

Superior Drilling Products, operating as Drilling Tools International (DTI), designs, engineers, manufactures, and refurbishes polycrystalline diamond compact (PDC) drill bits and drill string components for the oil and gas drilling industry. The company rents directional tools (stabilizers, drill collars, hole openers, sub assemblies), premium tubular goods (drill pipe, BOPs), and provides downhole inspection, prototype product support, and PDC tool refurbishment services through its dedicated Diamond Products Division.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Superior Drilling Products, operating as Drilling Tools International (DTI), offers a comprehensive portfolio of oilfield drilling tools and services organized into distinct divisions. The core offerings include Directional Tool Rentals (stabilizers, drill collars, hole openers, downhole filters, sub assemblies, and accessories), Premium Pipe Rentals for tubular goods (drill pipe, heavi-wate drill pipe, handling tools, subs, and BOPs), and the Diamond Products Division specializing exclusively in PDC (Polycrystalline Diamond Compact) tools including manufacturing, refurbishment, and fleet management. The company also provides Wellbore Optimization solutions such as Drill-N-Ream® and RotoSteer™ systems, Deep Casing Tools for well construction and plug & abandonment operations, and Production Tools including Stinger Oil Tools and Friction Reduction Technology. This multi-product architecture enables DTI to serve the complete drilling lifecycle from initial construction through production and eventual abandonment.

Product and service13 records
1Directional Tool Rentals
CategoryDirectional Drilling Tool Rentals
Description

Rental services for directional drilling tools including stabilizers, drill collars, hole openers, downhole filters, sub assemblies, and drilling accessories for oil and gas drilling operators.

2Next Generation Stabilizers
CategoryDirectional Drilling Tools
Description

Advanced stabilizer technology (ClearPath) for improved directional drilling performance, offered to oil and gas drilling operators.

3Drill-N-Ream® Wellbore Optimization Tool
CategoryWellbore Optimization
Description

Proprietary wellbore optimization tool that combines drilling and reaming operations to improve hole quality for oil and gas drilling operators.

4RotoSteer™ Rotary Steerable System
CategoryDirectional Drilling Tools
Description

Proprietary rotary steerable system providing precise directional control during drilling for oil and gas operators.

5Premium Pipe (Tubular) Rentals
CategoryTubular Rentals
Description

Rental services for premium tubular goods including drill pipe, Hevi-Wate drill pipe, drill collars, handling tools, subs, and blowout preventers (BOPs) for drilling operators.

6Diamond Products Division – PDC Tools
CategoryPDC Drill Bit Manufacturing & Refurbishment
Description

Polycrystalline Diamond Compact (PDC) tool design, engineering, manufacturing, refurbishment, and fleet management services for the oil and gas drilling industry, sold to drilling operators and E&P companies.

7Target Depth Technology (Deep Casing Tools)
CategoryDeep Casing Tools
Description

Deep casing tool technology used for well construction applications in oil and gas drilling operations.

8Plug & Abandon and Slot Recovery Enhancement
CategoryDeep Casing Tools
Description

Technology offerings for enhanced plug and abandonment operations and slot recovery / casing recovery in oil and gas wells.

9Downhole Desander
CategoryProduction / Drilling Tool Sales
Description

Product sales item that removes sand and solids from downhole fluid streams during drilling operations.

10Stinger Oil Tools
CategoryProduction Tools
Description

Production tools used for oil well interventions and operations, sold to upstream oil and gas operators.

11Friction Reduction Technology (Slick Tools)
CategoryProduction Tools
Description

Friction reduction technology for slick-line well intervention operations.

12Downhole Inspection Services
CategoryInspection Services
Description

Inspection services for downhole equipment and tools to ensure operational integrity, offered to oil and gas drilling operators.

13Drill Pipe, Hevi-Wate Drill Pipe, Handling Tools, and BOPs
CategoryPremium Pipe Rentals / Tubular Goods
Description

Premium pipe rental line items including drill pipe, Hevi-Wate drill pipe, handling tools, and blowout preventers (BOPs) for drilling operators.

Scale indicator1 record

Each record includes

Type, Value, Description, Source

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Independent PDC drill bit manufacturer serving oil & gas operators globally. Direct competitor in the same core PDC bit and downhole cutting structure category that drives DTI's Diamond Products Division.

TypeDirect peer
Description

Manufacturer of PDC drill bits and downhole tools for oil & gas drilling. Directly comparable in product category (PDC bits, drill string tools) and customer base (directional drilling operators and service companies).

TypeBroad incumbent
Description

SLB's drill bit division is a leading global PDC and roller cone bit manufacturer serving the same oil & gas drilling customers as DTI. Broader portfolio but directly competing in the bit category at the heart of DTI's Diamond Products Division.

TypeBroad incumbent
Description

One of the largest oilfield services companies globally, offering drill bits, downhole tools, directional drilling, and BHA services. Competes with DTI across PDC bits, directional tools, and downhole rental equipment as part of a much broader OFS portfolio.

TypeBroad incumbent
Description

Major diversified OFS provider with extensive drill bit, directional drilling, and downhole tool offerings. Competes with DTI in PDC bits and directional BHA tools while also serving deeper international and offshore markets.

TypeBroad incumbent
Description

Global manufacturer of oilfield equipment including drill bits, downhole tools, drill string components, and BOPs. Competes directly with DTI's PDC bit and surface equipment offerings as part of a much larger equipment portfolio.

TypeBroad incumbent
Description

Oilfield services and equipment provider with drill bit, directional drilling, and downhole rental capabilities. Overlaps with DTI in PDC bits, directional BHA tools, and downhole equipment rentals.

TypeEmerging player
Description

Niche US-focused directional drilling tools and BHA rental provider. Similar small-scale model to DTI's directional tool rental business, serving comparable onshore US operators.

TypeEmerging player
Description

Provider of downhole drilling tools and rental equipment for oil & gas operators. Comparable niche focus on directional BHA tools and downhole rentals serving US onshore drilling customers.

TypeDirect peer
Description

Subsidiary/affiliated entity referenced in DTI's product lineup for Target Depth Technology, P&A, and slot recovery. Directly comparable in deep casing tool technology for well construction and decommissioning.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

Superior Drilling Products

Oilfield Drilling Equipment & Toolssdpi.com

Superior Drilling Products, operating as Drilling Tools International (DTI), manufactures and refurbishes PDC drill bits and drill string components and rents directional drilling tools, premium pipe, and BOPs to oil and gas drilling operators across the United States.

What Superior Drilling Products does

Superior Drilling Products, now operating as Drilling Tools International (DTI), is a US-based oilfield services manufacturer and tool rental provider founded in 1993. The company designs, engineers, manufactures, and refurbishes polycrystalline diamond compact (PDC) drill bits and drill string components for oil and gas drilling operators, with headquarters in Houston, Texas and a manufacturing and sales facility in Broussard, Louisiana, plus a Diamond Products Division manufacturing office in Vernal, Utah. Its product portfolio is organized into seven operating divisions: Directional Tool Rentals (stabilizers, drill collars, hole openers, downhole filters, sub assemblies, drilling accessories), Premium Pipe Rentals (drill pipe, Hevi-Wate drill pipe, handling tools, BOPs), the Diamond Products Division (PDC tool manufacturing and refurbishment), Wellbore Optimization (Drill-N-Ream® and RotoSteer™ systems), Deep Casing Tools (Target Depth Technology, plug and abandonment enhancement, slot recovery enhancement), Production Tools (Stinger Oil Tools, friction reduction Slick Tools), and Downhole Inspection Services.

The company generates revenue through a hybrid model that combines recurring rental streams from directional tools and premium pipe tubulars with PDC product sales, refurbishment services, prototype product engineering, and downhole inspection services. It sells directly to oil and gas drilling operators through an enterprise field sales motion anchored by 24-hour dispatch contacts in Houston and Louisiana, supported by a customer login portal, downloadable brochures, and a content marketing blog (Tool Talk). Customers use DTI tools across directional drilling operations, wellbore optimization, casing installation, plug and abandonment, and production drilling. The firmographic data references an amex:SDPI public listing, while the detailed company data describes a privately held entity with a Diamond Products Division as its sole disclosed subsidiary; this inconsistency in the source material limits the precision of any ownership classification.

Superior Drilling Products firmographics

Firmographics
Name
Superior Drilling Products
Legal name
Drilling Tools International
Website
https://sdpi.com
Company type
Private
Founded year
1993
Operating status
Operating
Headcount range
51–100 employees
Short description
Superior Drilling Products, operating as Drilling Tools International (DTI), manufactures and refurbishes PDC drill bits and drill string components and rents directional drilling tools, premium pipe, and BOPs to oil and gas drilling operators across the United States.
Ownership category
akta.pro rank

Superior Drilling Products industry classification

Industry
Product category
Oilfield Drilling Equipment & Tools
NAICS
Oil and Gas Field Machinery and Equipment Manufacturing (333132), Mining and Oil and Gas Field Machinery Manufacturing (33313), Support Activities for Mining (2131)
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
Drill Tools, Bits & Downhole Equipment (IMAHAMAB), Completion Tools & Subsurface Equipment (Packers, Liners, Valves, Sand Control) (EUALABAD)

Keywords

  • Drill bit manufacturing
  • Directional drilling tools
  • PDC tool design
  • Oilfield equipment rentals
  • Drill string components

Where Superior Drilling Products is headquartered

Location

Headquarters

HQ city
Vernal
HQ country
United States
HQ region
North America

Offices3 records

Markets served

Superior Drilling Products business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D

Revenue model

  1. Directional Tool Rentals: Rental of stabilizers, drill collars, hole openers, downhole filters, sub assemblies, and drilling accessories for directional drilling operations.
  2. Premium Pipe Rentals: Rental of drill pipe, Hevi-Wate drill pipe, drill collars, handling tools, subs, and BOPs (Blowout Preventers).
  3. PDC Product Sales: Sale of polycrystalline diamond compact tools, downhole desanders, and production tools including Stinger Oil Tools and friction reduction technology (Slick Tools).
  4. Tool Refurbishment Services: Refurbishment of all types of PDC tools with fleet management systems support.
  5. Inspection Services: Downhole inspection services for drilling equipment.
  6. Prototype Product Support: Design, engineering, and manufacturing support for prototype PDC products.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Superior Drilling Products product offering

Product offering

Core offering

Superior Drilling Products, operating as Drilling Tools International (DTI), designs, engineers, manufactures, and refurbishes polycrystalline diamond compact (PDC) drill bits and drill string components for the oil and gas drilling industry. The company rents directional tools (stabilizers, drill collars, hole openers, sub assemblies), premium tubular goods (drill pipe, BOPs), and provides downhole inspection, prototype product support, and PDC tool refurbishment services through its dedicated Diamond Products Division.

Product overview

Superior Drilling Products, operating as Drilling Tools International (DTI), offers a comprehensive portfolio of oilfield drilling tools and services organized into distinct divisions. The core offerings include Directional Tool Rentals (stabilizers, drill collars, hole openers, downhole filters, sub assemblies, and accessories), Premium Pipe Rentals for tubular goods (drill pipe, heavi-wate drill pipe, handling tools, subs, and BOPs), and the Diamond Products Division specializing exclusively in PDC (Polycrystalline Diamond Compact) tools including manufacturing, refurbishment, and fleet management. The company also provides Wellbore Optimization solutions such as Drill-N-Ream® and RotoSteer™ systems, Deep Casing Tools for well construction and plug & abandonment operations, and Production Tools including Stinger Oil Tools and Friction Reduction Technology. This multi-product architecture enables DTI to serve the complete drilling lifecycle from initial construction through production and eventual abandonment.

Differentiator

Problem solved

Functional benefit

Brands

  • Diamond Products Division: Dedicated PDC tools and refurbishment/fleet management division of DTI, specializing in design, engineering, manufacturing, and refurbishment of polycrystalline diamond compact products.
  • Drill-N-Ream®
  • RotoSteer™

Products and services

  • Directional Tool Rentals Rental services for directional drilling tools including stabilizers, drill collars, hole openers, downhole filters, sub assemblies, and drilling accessories for oil and gas drilling operators.
  • Next Generation Stabilizers Advanced stabilizer technology (ClearPath) for improved directional drilling performance, offered to oil and gas drilling operators.
  • Drill-N-Ream® Wellbore Optimization Tool Proprietary wellbore optimization tool that combines drilling and reaming operations to improve hole quality for oil and gas drilling operators.
  • RotoSteer™ Rotary Steerable System Proprietary rotary steerable system providing precise directional control during drilling for oil and gas operators.
  • Premium Pipe (Tubular) Rentals Rental services for premium tubular goods including drill pipe, Hevi-Wate drill pipe, drill collars, handling tools, subs, and blowout preventers (BOPs) for drilling operators.
  • Diamond Products Division – PDC Tools Polycrystalline Diamond Compact (PDC) tool design, engineering, manufacturing, refurbishment, and fleet management services for the oil and gas drilling industry, sold to drilling operators and E&P companies.
  • Target Depth Technology (Deep Casing Tools) Deep casing tool technology used for well construction applications in oil and gas drilling operations.
  • Plug & Abandon and Slot Recovery Enhancement Technology offerings for enhanced plug and abandonment operations and slot recovery / casing recovery in oil and gas wells.
  • Downhole Desander Product sales item that removes sand and solids from downhole fluid streams during drilling operations.
  • Stinger Oil Tools Production tools used for oil well interventions and operations, sold to upstream oil and gas operators.
  • Friction Reduction Technology (Slick Tools) Friction reduction technology for slick-line well intervention operations.
  • Downhole Inspection Services Inspection services for downhole equipment and tools to ensure operational integrity, offered to oil and gas drilling operators.
  • Drill Pipe, Hevi-Wate Drill Pipe, Handling Tools, and BOPs Premium pipe rental line items including drill pipe, Hevi-Wate drill pipe, handling tools, and blowout preventers (BOPs) for drilling operators.

Companies that use Superior Drilling Products

Customer profile

Segments1 record

Ideal customer profiles1 record

Superior Drilling Products technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Superior Drilling Products partnerships and signals

Strategic signal

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Superior Drilling Products competitors and assessment

Company assessment

Direct peers

  • Ulterra Drilling Technologies: Independent PDC drill bit manufacturer serving oil & gas operators globally. Direct competitor in the same core PDC bit and downhole cutting structure category that drives DTI's Diamond Products Division.
  • Varel Energy Solutions: Manufacturer of PDC drill bits and downhole tools for oil & gas drilling. Directly comparable in product category (PDC bits, drill string tools) and customer base (directional drilling operators and service companies).
  • Deep Casing Tools: Subsidiary/affiliated entity referenced in DTI's product lineup for Target Depth Technology, P&A, and slot recovery. Directly comparable in deep casing tool technology for well construction and decommissioning.

Broad incumbents

  • Smith Bits (SLB): SLB's drill bit division is a leading global PDC and roller cone bit manufacturer serving the same oil & gas drilling customers as DTI. Broader portfolio but directly competing in the bit category at the heart of DTI's Diamond Products Division.
  • Baker Hughes: One of the largest oilfield services companies globally, offering drill bits, downhole tools, directional drilling, and BHA services. Competes with DTI across PDC bits, directional tools, and downhole rental equipment as part of a much broader OFS portfolio.
  • Halliburton: Major diversified OFS provider with extensive drill bit, directional drilling, and downhole tool offerings. Competes with DTI in PDC bits and directional BHA tools while also serving deeper international and offshore markets.
  • National Oilwell Varco (NOV): Global manufacturer of oilfield equipment including drill bits, downhole tools, drill string components, and BOPs. Competes directly with DTI's PDC bit and surface equipment offerings as part of a much larger equipment portfolio.
  • Weatherford International: Oilfield services and equipment provider with drill bit, directional drilling, and downhole rental capabilities. Overlaps with DTI in PDC bits, directional BHA tools, and downhole equipment rentals.

Emerging players

  • Torqued-Up Energy Services: Niche US-focused directional drilling tools and BHA rental provider. Similar small-scale model to DTI's directional tool rental business, serving comparable onshore US operators.
  • Cougar Drilling Solutions: Provider of downhole drilling tools and rental equipment for oil & gas operators. Comparable niche focus on directional BHA tools and downhole rentals serving US onshore drilling customers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Superior Drilling Products social profiles

Digital presence

Superior Drilling Products financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Superior Drilling Products leadership team

Management profile

Number of profiles

Profiles2 records

Superior Drilling Products subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Superior Drilling Products funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

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

Superior Drilling Products M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Superior Drilling Products

What does Superior Drilling Products do?

Superior Drilling Products, operating as Drilling Tools International (DTI), designs, engineers, manufactures, and refurbishes polycrystalline diamond compact (PDC) drill bits and drill string components for the oil and gas drilling industry. The company rents directional tools (stabilizers, drill collars, hole openers, sub assemblies), premium tubular goods (drill pipe, BOPs), and provides downhole inspection, prototype product support, and PDC tool refurbishment services through its dedicated Diamond Products Division.

Is Superior Drilling Products a public or private company?

Superior Drilling Products is a private company. It is classified as public and is currently operating.

When was Superior Drilling Products founded?

Superior Drilling Products was founded in 1993. It employs 51 to 100 people.

Where is Superior Drilling Products based?

Superior Drilling Products is headquartered in Vernal, United States, in the North America region.

How does Superior Drilling Products make money?

Six revenue lines are on record. Directional Tool Rentals are the primary driver. The others are premium Pipe Rentals, PDC Product Sales, tool Refurbishment Services, inspection Services and prototype Product Support.

Who are Superior Drilling Products's main competitors?

Direct peers on record are Ulterra Drilling Technologies, Varel Energy Solutions and Deep Casing Tools. Broad incumbents are Smith Bits (SLB), Baker Hughes, Halliburton, National Oilwell Varco (NOV) and Weatherford International. Emerging players are Torqued-Up Energy Services and Cougar Drilling Solutions.

Does Superior Drilling Products have an API?

No public API is recorded for Superior Drilling Products.

What industry is Superior Drilling Products in?

Superior Drilling Products's product category is Oilfield Drilling Equipment & Tools. Its primary akta.pro industry code is EUALABAL, Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment), with a secondary code of IMAHAMAB, Drill Tools, Bits & Downhole Equipment. Its NAICS code is 333132 and its SIC code is 3533.

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Live signals
DrillingtoolsDrilling Tools International Corp. Closes on Acquisition of Superior Drilling Products, Inc.; Company Reports 2024 Second Quarter ResultsDrilling Tools International Corp. announced the completion of its acquisition of Superior Drilling Products, Inc. for approximately $32.2 million in cash and stock. The acquisition is expected to enhance DTI's growth strategy and operational efficiencies in the global oil and gas drilling industry.PR NewswireDrilling Tools International Corp. Closes on Acquisition of Superior Drilling Products, Inc.; Company Reports 2024 Second Quarter ResultsDrilling Tools International Corp. has completed its acquisition of Superior Drilling Products, Inc. for approximately $32.2 million. The acquisition aims to enhance DTI's operational efficiency and expand its technological capabilities, particularly in the global oil and gas drilling industry.GlobeNewswireStar Equity Fund Issues Statement on Successful Campaign at Superior Drilling ProductsStar Equity Fund announced its successful campaign at Superior Drilling Products, which led to the company's sale to Drilling Tools International on March 7, 2024. The fund will vote for the sale, citing high transaction costs of $5.2 million and criticizing the SDPI board's handling of the process.PR NewswireDrilling Tools International Corp. to Acquire Superior Drilling Products, Inc.Drilling Tools International Corp. has entered into a definitive agreement to acquire Superior Drilling Products, Inc. for approximately $32.2 million in cash and stock, with the transaction expected to close in the third quarter of 2024. The acquisition aims to integrate SDP's patented Drill-N-Ream technology into DTI's fleet, leveraging combined manufacturing expertise and global sales channels to expand market presence, particularly in the Middle East.DrillingtoolsDrilling Tools International Corp. to Acquire Superior Drilling Products, Inc.Drilling Tools International Corp. (DTI) announced its agreement to acquire Superior Drilling Products, Inc. (SDP) for approximately $32.2 million in cash and DTI stock, with completion expected in the third quarter of 2024. This acquisition is part of DTI's growth strategy to enhance its operational efficiencies and expand its market potential, especially in the Middle East. Both companies anticipate that this merger will drive innovation and increase shareholder value.GlobeNewswireStar Equity Fund Issues Open Letter to Board of Superior Drilling ProductsStar Equity Fund, an 11.7% shareholder of Superior Drilling Products, issued an open letter to the board urging a strategic review and shareholder vote on six governance items. The fund will vote "WITHHOLD" on board member Iverson at the 2023 AGM and calls for a financial advisor, declassification, and immediate payoff of the Tronco loan.BenzingaInsiders Buying Superior Drilling Products And 2 Other Penny StocksStar Equity Holdings Inc acquired 79,837 shares of Superior Drilling Products Inc at an average price of $0.97, signaling insider confidence in the oil and gas equipment provider. Meanwhile, GlycoMimetics Inc raised $32.9 million through an at-the-market equity offering, and VolitionRX Ltd priced a $4.3 million common stock offering.Benzinga$3M Bet On This Biotechnology Stock? Check Out These 3 Penny Stocks Insiders Are Buying - Energy Servs ofInsiders and major shareholders of GlycoMimetics, Superior Drilling Products, and Energy Services of America executed recent share purchases totaling millions of dollars. These transactions coincided with specific corporate developments, including GlycoMimetics' Phase 3 study update, Superior Drilling's revenue forecast, and Energy Services of America's Q1 earnings report.GlobeNewswireSuperior Drilling Products, Inc. Achieves $2.3 million in Revenue for Fourth Quarter 2016Superior Drilling Products reported Q4 2016 revenue of $2.3 million, down 14.6% year-over-year, and a net loss of $2.6 million, down 71.9% from the prior year. The company expects 2017 revenue of $11–13 million and aims to be cash flow positive in the second half of 2017.GlobeNewswireSuperior Drilling Products to Present at the 29th Annual ROTH ConferenceSuperior Drilling Products announced that CEO Troy Meier and CFO Christopher Cashion will present at the 29th Annual ROTH Conference on March 14, 2017, in Dana Point, CA. The webcast and presentation materials will be available on the company's website, with an archive and transcript provided.