Texas Steel Conversion

What Texas Steel Conversion does

Texas Steel Conversion (TSC) is a privately held, vertically integrated steel tubular manufacturer founded in 1975 and headquartered in Houston, Texas. The company processes API-spec oil country tubular goods (OCTG) and manufactures drill pipe, pup joints, casing, tubing, heavy weight drill pipe, and horizontal directional drilling products through five plants across Southeast Texas. Its capabilities span the entire production chain in-house: forging/upsetting (with the largest tonnage pipe-and-tube dedicated upsetter in the Americas), heat treating via 7 lines totaling 600,000+ tons annually, CNC-controlled threading on 6+ dedicated lines, non-destructive inspection, and laboratory testing. TSC owns proprietary technologies including the PTECH+™ high-torque drill pipe connection (acquired 2022) and the TSDS Double Shoulder thread (launched 2008), and holds API licenses across 5CT, 5DP, 5B, 7-1, and 7-2, plus ISO 9001 and ISO 14001 certifications held continuously in many cases for decades.

TSC operates as a multi-division platform with focused subsidiaries: TSC Drill Pipe (proprietary drill pipe marketing), TSC HDD (horizontal directional drilling tubulars), TSC Subsea Tubulars (offshore intervention and workover products), TSC Coatings (internal plastic coating launched 2024-2025), and TSC University (industry training launched 2023). The business generates revenue through direct B2B enterprise sales to oil and gas operators and oilfield service companies on a quote-based pricing model for custom tubular products and processing services. Customers span major U.S. and international oil and gas operators, oilfield service companies, and HDD contractors, with delivery handled through TSC's own pickup/delivery fleet out of its five Texas facilities. Annual reported processing capacity is 32 million feet of tubing and casing and 144,000 joints of drill pipe.

Name

Texas Steel Conversion

Legal name

Texas Steel Conversion, Inc.

Website

https://texassteelconversion.com

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

101–250 employees

Short description

Texas Steel Conversion is a 1975-founded, privately held Houston-based manufacturer of API-spec drill pipe, casing, tubing, and OCTG tubular goods for oil and gas operators. It operates five plants in Southeast Texas with 32 million feet annual capacity and proprietary PTECH+™ and TSDS technologies.

Ownership category

akta.pro rank

NAICS

Iron and Steel Pipe and Tube Manufacturing from Purchased Steel (33121)

SIC

Steel Pipe & Tubes (3317)

akta.pro primary industry

OCTG, Line Pipe & Tubular Services (Supply, Inspection, Threading) (EUALABAN)

akta.pro secondary industries

Pipe & Tube Manufacturing (Seamless & Welded OCTG/Line Pipe/Structural Tube) (IMAKABAI), Well Construction & Completion Services (Cementing, Casing, Tubular Running) (EUALABAC)

Keywords

• OCTG tubular manufacturing
• Drill pipe production
• Tubular heat treating
• API casing tubing
• Horizontal directional drilling pipe

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Drill Pipe Manufacturing: Manufacturing and sale of drill pipe including proprietary PTECH+™ connections. Drill pipe bodies exceed API specification, joined to tool joints by inertia welding.
2. Tubular Processing Services: Processing of API OCTG tubing, casing, and drill pipe including forging, heat treating, threading, inspection, and testing services. Services cover outside diameters from 1.315" to 10.000" and wall thicknesses up to 2.000".
3. Specialty Products: Heavy weight drill pipe, HDD friction welded products, subsea tubulars, and custom tubular manufacturing solutions for specialized applications.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Texas Steel Conversion manufactures drill pipe and pup joints and processes API-specification casing and tubing for the oil and gas industry. The company operates five plants in Southeast Texas providing vertically integrated tubular processing services including forging, heat treating, threading, inspection, and testing, alongside proprietary drill pipe connection technologies such as PTECH+™ and TSDS.

Product overview

Texas Steel Conversion (TSC) is a steel tubular manufacturing and processing company offering a comprehensive portfolio of products and services for the oil and gas industry. The company operates as a platform of distinct brands and divisions including TSC Drill Pipe (featuring proprietary PTECH+™ and TSDS connection technologies), TSC Subsea Tubulars (for offshore operations), TSC HDD (for horizontal directional drilling), and TSC Coatings (for internal plastic coating). The core product portfolio includes premium tubing and pup joints, EUE tubing, line pipe, drill pipe, casing, and heavy weight drill pipe across various sizes. TSC provides end-to-end processing services including forging, heat treating, threading, inspection, and testing—all performed in-house across five manufacturing plants. The company also offers TSC University for professional training and TSC HOIST for customer support programs.

Differentiator

Problem solved

Functional benefit

Brands

• PTECH+: High-torque patented drill pipe connection technology acquired in 2022, engineered for superior performance in extended lateral drilling with exceptional torque capacity, optimal flow rates, and enhanced fatigue resistance.

Quantifiable outcome

• Helped a Major Operator set new company record in Marcellus region, drilling and completing the longest wellbore ever recorded in Marcellus Shale

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Smith InternationalcoreChannel Partner/ Reseller/ Distributor · 1 January 2000Exclusive partnership forged in 2000 with Fortune 500 company Smith International. Under this arrangement, Smith International was designated as the sole distributor of drill pipe manufactured by TSC, with the ability to market it under the Smith brand. This strategic distribution partnership lasted 11 years and paved the way for TSC to expand into the competitive drill pipe market while solidifying TSC's status as a key industry player.

Scale indicators12 records

Recent moves14 records

Expansion highlights6 records

Broad incumbents

• Tenaris: Global leader in seamless and welded steel pipe for oil and gas, with major OCTG and drill pipe manufacturing worldwide. Highly comparable as it operates in the same OCTG and drill pipe categories as TSC, but at significantly larger scale and with broader geographic reach.
• Vallourec: French-headquartered premium tubular solutions provider for oil, gas, and industrial markets with significant OCTG, drill pipe, and subsea offerings. Comparable to TSC in premium OCTG and drill pipe segments, but operates a much larger global footprint.
• NOV (National Oilwell Varco): Major oilfield equipment manufacturer with drill string products including drill pipe, downhole tools, and tubular goods. Comparable as it competes directly in drill pipe and tubular processing, though NOV operates across a much broader oilfield equipment portfolio.
• U.S. Steel Tubular Products: Integrated subsidiary of United States Steel Corporation producing seamless OCTG, line pipe, and standard pipe. Comparable to TSC in OCTG categories, but benefits from integrated steelmaking and much broader product lines.
• ArcelorMittal Tubular Products: Division of ArcelorMittal producing welded and seamless OCTG and line pipe products globally. Comparable to TSC in OCTG processing and end markets, though it benefits from parent company's integrated steelmaking scale.
• JFE Steel Corporation: Japanese integrated steelmaker with OCTG and line pipe product lines serving oil and gas customers globally. Comparable to TSC in OCTG categories, but at far larger scale and with global distribution networks.

Direct peers

• TMK (Pipe Metallurgical Company): Russian-headquartered global manufacturer of steel pipes for oil and gas including OCTG, line pipe, and drill pipe. Closely comparable to TSC in product mix and customer base, but with substantially larger international scale.
• Hunting PLC: UK-listed energy products company manufacturing OCTG, drill pipe, and other downhole tubular products. Highly comparable to TSC as it operates in the same OCTG/drill pipe niche with overlapping API-licensed processing capabilities.

Regional players

• Russell Metals: Canadian-headquartered metals distributor with energy tubular products including OCTG and line pipe serving North American oil and gas markets. Comparable to TSC in OCTG product category and customer base, but operates primarily as a distributor rather than a processor.

Others

• Smith International (legacy, now part of Schlumberger): Former exclusive distribution partner of TSC drill pipe from 2000-2011, now part of SLB (Schlumberger) through the Cameron and Schlumberger merger. Included as a historical channel partner that demonstrates the drill pipe market landscape and major service company integration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/OCTGTexas

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

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 Texas Steel Conversion