Oil States

Name

Oil States

Legal name

Oil States International, Inc.

Website

https://oilstatesintl.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Oil States International (NYSE: OIS) is a Houston-based, technology-focused manufacturer and energy services company operating through three segments — Offshore Manufactured Products, Completion and Production Services, and Downhole Technologies — selling engineered capital equipment, consumable downhole tools, and wellsite services to major, independent, and private oil and gas companies, oilfield service firms, military, and industrial customers globally.

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), Special Industry Machinery (No Metalworking Machinery) (3550)

akta.pro primary industry

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

akta.pro secondary industries

Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH), Offshore Wind & Renewable Support Vessel Construction (SOV, CTV, WTIV) (IMAJACAG)

Keywords

• Oilfield services
• Offshore manufactured products
• Well completion equipment
• Downhole technologies
• Subsea production systems

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices30 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Offshore Manufactured Products: Designs, manufactures and sells capital equipment utilized on floating production systems, subsea pipelines, offshore drilling rigs and vessels, and for industrial applications. Also provides shorter-cycle products used in land applications. Revenue from equipment sales and aftermarket services including inspection and repair.
2. Completion and Production Services: Provides service equipment and personnel primarily for completion and production operations. Equipment provided based on daily rates which vary depending on type of equipment and length of job. Billings separate charges for equipment from charges for field technicians. Serves United States Gulf of Mexico and international markets.
3. Downhole Technologies - Consumable Products: Researcher, developer and manufacturer of highly engineered consumable products used in completion applications including shaped charges, perforating systems, frac plugs, and downhole tools. Revenue from sale of consumable products to oilfield service and exploration/production companies.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Oil States International designs, manufactures, and sells highly engineered capital equipment and consumable products used in offshore oil and gas production, drilling, subsea pipeline, and well completion operations. The company operates three segments: Offshore Manufactured Products (capital equipment for floating production systems, subsea pipelines, drilling rigs, and vessels); Completion and Production Services (wellhead isolation, frac valve, wireline support, and field technician services on daily rates); and Downhole Technologies (engineered consumables such as shaped charges, perforating systems, and composite frac plugs).

Product overview

Oil States International is a technology-focused manufacturing and energy services company organized into three operating segments. The Offshore Manufactured Products segment designs, manufactures, and sells capital equipment including FlexJoint® flexible bearings, Merlin® connectors, HydroTech® collet connectors, Skagit® winches, Nautilus® marine cranes, Piper Valve compact ball valves, and deepwater riser systems for floating production systems, subsea pipelines, offshore drilling rigs and vessels, and subsea mineral gathering. The Completion and Production Services segment provides wellhead isolation services, frac valve services, wireline and coiled tubing support, downhole extended-reach technology, pipe recovery systems, and sand control operations under the Oil States Energy Services (OSES) and Tempress brands. The Downhole Technologies segment, conducted through subsidiary GEODynamics, researches, develops, and manufactures highly engineered perforation systems and downhole tools including SmartStart Plus®, QuickStart®, EVOLV®+FracTrap™ Composite Plug System, shaped charges (Connex®, FracIQ®, HELLFire®, SandIQ®, Basix™, Razor®), EPIC™ perforating systems, and Eclipse™ perforating gun assemblies. The company's 2026 OTC award-winning innovations include the MPD Drill Ahead Tool and GeoLok™ geothermal wellhead system, while the 2023 OTC awards recognized the FTLP™ Floating Wind Platform and Active Seat Gate Valve.

Differentiator

Problem solved

Functional benefit

Brands

• Oil States Energy Services: Brand for completion and production services including wellhead isolation, frac valve services, and related equipment.
• Tempress
• Piper Valve
• GEODynamics

Products and services

• FlexJoint® Flexible bearing connector allowing rotational movement of risers or tension leg platform tethers under high tension and/or pressure, reducing stress and compensating for pitch and rotational forces on floating production systems. Sold to offshore drilling and production operators.
• Merlin® Connectors Premier connectors combining superior static strength and fatigue life with fast, non-rotational make-up and slim profile, available in sizes up to 60 inches outside diameter for open-hole and tie-back casing, offshore conductor casing, pipeline risers, and TLP tendons.
• HydroTech® Collet Connectors High-integrity proprietary metal-to-metal sealing system for diverless connection of deep offshore pipelines and production systems, used in diverless pipeline repair systems and pipeline tie-in systems.
• Skagit® Winches Marine winches engineered for mooring floating and semi-submersible drilling rigs as well as positioning pipelay and derrick barges.
• Nautilus® Marine Cranes Marine cranes used on production platforms throughout the world for offshore lifting operations.
• Piper Valve Compact Ball Valves Compact high-pressure valves and manifold system components for onshore, offshore, drilling, and subsea applications with floating ball valve design.
• Deepsea Mineral Riser System Deepwater riser system to collect polymetallic nodules from the sea floor, applying 30+ years of marine riser experience to new energy transition markets.
• GeoLok™ High-Temperature Geothermal Wellhead High-temperature geothermal wellhead with integrated tensioning system that withstands conditions over 400°C for Enhanced Geothermal Systems (EGS) applications.
• MPD Drill Ahead Tool First tool of its kind for Managed Pressure Drilling operations that allows drilling to be initiated faster by eliminating the need to retrieve packer assemblies from the drill floor; can be retrofit with current MPD joints.
• FTLP™ Floating Wind Platform Fixed tension leg platform designed for offshore wind installations, supporting water depths up to 150 meters and wave heights up to 10 meters while minimizing levelized cost of energy across the project life cycle.
• Active Seat Gate Valve Gate valve that dramatically reduces personnel intervention at the wellhead and grease use during hydraulic fracturing operations, lowering non-productive time and eliminating hundreds of pounds of grease per well.
• 15K High Pressure, High Temperature (HPHT) Riser System 15K High Pressure, High Temperature (HPHT) riser system for sour service subsea drilling applications in shallow water, developed with TotalEnergies.
• Completion and Production Services Service equipment and personnel provided on daily rates for completion and production operations including wellhead isolation, frac valve services, wireline and coiled tubing support, downhole extended-reach technology, pipe recovery, and hydraulic chokes/manifolds. Active across the U.S. Gulf of Mexico, Rocky Mountain region, and international markets.
• Stage Frac Isolation Tool Proprietary wellhead isolation tool that protects production wellheads from pressure and abrasion during the frac process and provides greater efficiencies during multi-zone completions.
• SmartStart Plus® Time Delay Test + Frac Valve Time-delayed pressure-activated sleeve that eliminates the need for tubing-conveyed perforating when completing the toe stage of horizontal wells and allows operators to meet maximum casing pressure test requirements.
• EVOLV® + FracTrap™ Composite Plug System Compact, robust frac ball conveyance and retrieval system engineered to hold 10,000 lbs of differential pressure, delivering significant pump time and water savings on every stage.
• EPIC™ Precision Perforating System Factory-loaded, plug-and-play, limited entry perforating system for unconventional reservoirs integrating addressable switch technology with industry-standard detonator options into a programmable detonator module.
• FracIQ® Shaped Charges Limited-entry perforating charges providing constant casing hole sizes regardless of decentralized position, casing size, weight, and grade for optimal pressure drop during frac.
• HELLFire® Shaped Charges Limited-entry shaped charge technology delivering more clusters per stage with planar shot configuration and short-bodied design that minimizes wireline tool string length.
• SandIQ® Pro Shaped Charges Shaped charges providing limited entry perforating with off-ramp for more efficient diversion of proppant, with perforating tunnels tilted 45 degrees in the direction of fluid flow.
• Eclipse™ Perforating Gun Assembly Super-big-hole charges deployed in high-shot density planar phasing configuration, optimal for perforating and wash applications with maximum casing removal.
• Connex® Shaped Charges Patented reactive Clean Perforation Technology delivering clean, open tunnels independent of rock type with superior flow paths for completion applications.
• Legacy® Jet Cutters Pipe recovery tools designed to cut common tubing and casing sizes without damaging the outer string, with multiple conveyance options for plug and abandonment operations.
• GEODynamics Downhole Perforating Systems Subsidiary specializing in downhole technologies including shaped charges, perforating systems, and completion tools sold under the GEODynamics brand.

Quantifiable outcome

• Active Seat Gate Valve eliminates three hours of maintenance per 25 valves on a typical multi-well pad
• +5 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature10 records

Partnerships

Three partnerships are on record, tiered notable and core.

• TotalEnergiesnotableStrategic or Co-development Partner · 1 March 2022Oil States collaborated with TotalEnergies on development of 15K High Pressure, High Temperature (HPHT) Riser System for sour service subsea drilling applications in shallow water. The partnership resulted in an award-winning technology showcased at OTC 2022.
• Tempress Technologies, Inc.coreTechnology or IntegrationTempress Technologies, Inc. holds registered trademarks for HydroPull, JetRotor and MGS products that are referenced on Oil States' patents page. Oil States operates completion and production services that utilize these technologies.
• GEODynamics, Inc.coreTechnology or IntegrationGEODynamics, Inc. holds registered trademarks for CONNEX, FracIQ, FracTrap, Hellfire, SandIQ, SmartStart Plus, EPIC and StratX products. Oil States' Downhole Technologies segment includes GEODynamics branded products and manufactures these patented technologies.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Dril-Quip: Houston-based manufacturer of subsea wellheads, connectors, and production systems for offshore oil and gas. Highly comparable to Oil States' Offshore Manufactured Products segment, particularly around subsea connectors, wellhead systems, and deepwater production equipment.
• Forum Energy Technologies: Specialty manufacturer of subsea, drilling, and production equipment serving offshore and onshore oil and gas operators. Direct overlap with Oil States' marine winches, cranes, and offshore manufactured products portfolio.
• Oceaneering International: Provider of engineered services and products to offshore oil and gas, including subsea hardware, marine services, and intervention tooling. Comparable to Oil States' offshore manufactured and riser services businesses.
• Weatherford International: Global oilfield services and equipment provider with strong overlap in wellhead systems, completions, and downhole tools. Closely comparable to Oil States' Completion and Production Services and Downhole Technologies segments.

Emerging players

• TETRA Technologies: Provider of completion fluids, wellhead services, and energy-transition water-management solutions. Partial overlap with Oil States' Completion and Production Services and complementary exposure to offshore and energy-transition end markets.

Broad incumbents

• Halliburton: One of the world's largest oilfield services companies with significant overlap in completions, wellhead pressure control, and downhole tools. Comparable to Oil States' Completion and Production Services and Downhole Technologies, but at much greater scale and breadth.
• NOV (National Oilwell Varco): Global provider of oilfield equipment, capital tools, and integrated wellsite solutions. Comparable to Oil States in capital equipment for drilling and production, but with a much larger and more diversified product portfolio.
• Schlumberger (SLB): Largest global oilfield services company with a portfolio spanning drilling, completions, production, and digital. Overlaps with Oil States across multiple segments (notably Cameron wellheads and completions), but with vastly greater scale and integrated offerings.
• TechnipFMC: Large integrated provider of subsea, surface, and offshore project solutions to the upstream oil and gas industry. Comparable to Oil States on subsea connectors and offshore equipment but with a substantially broader portfolio spanning full EPC project execution.
• Baker Hughes: Major oilfield services and equipment company with strong positions in wellhead systems, subsea production, and completions. Comparable to Oil States' Offshore Manufactured Products and completion-related segments, but operating at significantly broader scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=MogQzHdSRCM&ab_channel=OilStatesIndustries
• Xx.com/OSI_Inc
• Facebookfacebook.com/192445317456283
• LinkedInlinkedin.com/company/oil-states-international

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

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

M&A2 records

Investments

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

Frequently asked questions about Oil States