Coastal Drilling

What Coastal Drilling does

Coastal Drilling Company, LLC is a privately held inland barge drilling contractor founded in 2001 and headquartered in New Iberia, Louisiana, with a field office in Corpus Christi, Texas. The company operates a fleet of three inland barge drilling rigs — Barge #20 (1,500 HP), Barge #21 (3,000 HP), and Barge #22 (high-specification configuration) — deployed to shallow-water locations across the South Louisiana, Gulf Coast, and South Texas markets. The rigs are equipped with modern components including 7,500 psi pumps and premium top drives (NOV TDS-11, CAN RIG 750 Ton). The company maintains a comprehensive Health, Safety and Environment (HSE) program conforming to state and federal regulations, rigorous maintenance and quality control protocols, and intensive personnel training programs as core operational differentiators.

Coastal Drilling generates revenue through contract-based rental and operation of its barge rigs to oil and gas exploration and production companies requiring shallow-water drilling services. Go-to-market is direct sales — customers contact the company by phone or email to request deployment of rigs to customer-specified locations. Pricing is not publicly disclosed and is negotiated per contract. The company serves a narrow regional customer base of oil and gas operators in the Gulf Coast energy sector, with no intermediaries, resellers, or distribution partners. Marketing is minimal and primarily conducted through the company website showcasing fleet specifications, HSE program, and career opportunities.

The company is structured as a privately held LLC incorporated in Louisiana with 51-100 employees and no disclosed parent entity or institutional investors beyond an early funding event with Pamlico Capital. Leadership comprises Chris McClanahan as CEO and President and John Luby as CFO. Coastal Drilling operates in a regional niche within the Gulf Coast shallow-water drilling segment, competing on equipment reliability, regulatory compliance, and workforce capability rather than on scale or technology differentiation.

Name

Coastal Drilling

Legal name

Coastal Drilling Company, LLC

Website

https://coastaldrilling.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

101–250 employees

Short description

Coastal Drilling Company, LLC is a private inland barge drilling contractor operating a three-rig fleet in the shallow waters of the Gulf Coast, South Louisiana, and South Texas for oil and gas exploration and production companies.

Ownership category

akta.pro rank

Product category

Contract Drilling Services

NAICS

Drilling Oil and Gas Wells (213111)

SIC

Drilling Oil & Gas Wells (1381)

akta.pro primary industry

Drilling & Workover Rigs (Land & Offshore) (EUALABAA)

Keywords

• Inland barge drilling
• Contract drilling services
• Shallow water drilling
• Oilfield rig leasing
• Gulf Coast drilling

Headquarters

HQ city

New Iberia

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Barge Rig Drilling Services: Rental and operation of inland barge drilling rigs for oil and gas drilling operations in shallow waters of the Gulf Coast region. Services are deployed to customer-specified locations on a contract basis.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Coastal Drilling Company, LLC operates and leases a fleet of inland barge drilling rigs (Barge #20, Barge #21, Barge #22) for oil and gas exploration and production operators in the shallow waters of South Louisiana, the Gulf Coast, and South Texas. Services include rig deployment to customer-specified locations, a full Health, Safety and Environment program, rigorous maintenance and quality control, and intensive crew training to deliver safe, productive drilling operations.

Product overview

Coastal Drilling Company operates a fleet of inland barge drilling rigs in the Gulf Coast region. The company offers three named barge rigs (Barge #20, #21, and #22) with varying power and drilling capabilities, along with a comprehensive Health, Safety and Environment (HSE) program. The fleet operates in shallow waters of South Louisiana and Gulf Coast markets, with field offices in Corpus Christi, Texas and New Iberia, Louisiana.

Differentiator

Problem solved

Functional benefit

Products and services

• Inland Barge Rig Drilling Services Rental and operation of inland barge drilling rigs (Barge #20 at 1500 HP, Barge #21 at 3000 HP, and Barge #22 with high-specification equipment, 7500psi mud pumps, and premium top drives) deployed to customer-specified shallow-water locations across the South Louisiana, Gulf Coast, and South Texas markets for oil and gas exploration and production operators.

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators3 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Parker Drilling Company: Historically one of the most direct comparables, Parker Drilling operated a fleet of inland barge drilling rigs in the Gulf of Mexico and shallow-water U.S. basins before being acquired by Nabors Industries in 2022. It is the closest precedent for Coastal Drilling's niche inland barge model.
• Cyclone Drilling: Operates shallow-water and inland barge drilling rigs serving the Gulf Coast and similar U.S. basins. Closely comparable to Coastal Drilling in platform type (barge rig) and target customer base (Gulf Coast E&P operators).
• Pioneer Energy Services (legacy): Before restructuring, Pioneer Energy Services operated a fleet that included barge drilling rigs serving the U.S. Gulf Coast, making it a directly comparable peer in the inland barge drilling niche.

Broad incumbents

• Nabors Industries: One of the largest global drilling contractors and the acquirer of Parker Drilling. While primarily a land and offshore driller, Nabors has overlap with Coastal Drilling through U.S. onshore and shallow-water drilling exposure.
• Helmerich & Payne: The largest U.S. land drilling contractor with a FlexRig fleet. Not a barge operator, but competes for Gulf Coast and South Texas drilling contracts and is a comparable drilling services business serving the same regional customer base.
• Patterson-UTI Energy: Major U.S. land drilling and pressure pumping contractor serving the same Gulf Coast / South Texas operators. Competes for drilling-related work in overlapping basins, even though its fleet is land rigs rather than barges.
• Precision Drilling: Largest Canadian-based drilling contractor with U.S. operations serving the same North American oil and gas operator customers. Comparable as a contract driller serving E&P operators, though focused on higher-spec land rigs.

Emerging players

• Key Energy Services: U.S. oilfield services company providing well intervention, completion, and drilling-related services in similar U.S. basins. A partial-overlap peer serving some of the same Gulf Coast E&P operator customers.
• RPC Inc. Provides oilfield services including drilling and pressure pumping across the U.S. Gulf Coast and other basins. Comparable as an oilfield services provider overlapping with Coastal Drilling's customer base, though it does not operate barge rigs.
• Basic Energy Services: U.S. oilfield services company serving major and independent E&P operators with well services and drilling support across similar regions. Adjacent peer with overlapping customer base but limited direct overlap with barge drilling.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/coastal-drilling-company-l-l-c-

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 Coastal Drilling