BICO Drilling Tools

What BICO Drilling Tools does

BICO Drilling Tools, Inc. is a Houston-headquartered manufacturer of downhole drilling equipment for the global oil and gas industry, operating as a wholly-owned subsidiary of Austria's Schoeller-Bleckmann Oilfield Equipment (SBO) AG since the company's 1991 founding. Its product portfolio centers on positive-displacement drilling motors (PDMs) that convert hydraulic drilling-fluid energy into mechanical torque and rotational speed through spiral rotor/stator power sections, anchored by proprietary EvenWall and SpiroStar elastomer technology and extending across a full drilling bottom-hole assembly: Coiled Tubing Motors, Hevi-Hitter drilling jars with patented spline-design geometry, FASTER shock absorbers, FrictionBuster friction-reduction tools, PBL bypass and jetting tools, and high-alloy non-magnetic drill collars. The portfolio has been expanding into adjacent applications including extended-reach and unconventional drilling motors (BICO Rocket, Brute, Beast, Blazer), enhanced oil recovery (BICO Steam), and reservoir stimulation (BICO M.A.S.T.E.R.).

The company sells primarily to oil and gas operators (e.g., XTO Energy, Marathon Oil, Pioneer Natural Resources, CNX Resources) and oilfield services firms (e.g., Schlumberger, Weatherford, Baker Hughes, Nabors Industries) on a quote-based, B2B direct field-sales model. Revenue is generated through hardware sales of standard and customized motors and tools, supplemented by high-tech repair and service work. Distribution is direct rather than channel-based, with regional sales and service branches in every major US basin (Houston HQ, Broussard, Oklahoma City, Casper, Midland) plus Nisku (Canada), Dubai (UAE), and Al Khobar (Saudi Arabia), enabling local proximity to "all major hubs of the oil field service industry." Pricing is not publicly disclosed. Strategic positioning leans on proprietary elastomer technology, parent SBO's leadership in high-precision non-magnetic steel manufacturing, and a one-stop-shop service model.

Name

BICO Drilling Tools

Legal name

BICO Drilling Tools, Inc.

Website

https://bicodrilling.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

101–250 employees

Short description

BICO Drilling Tools is a Houston-based subsidiary of Austria's SBO AG that designs and manufactures downhole drilling motors, jars, shock absorbers, friction-reduction and bypass tools, and non-magnetic drill collars using proprietary EvenWall elastomer technology, selling direct to oil and gas operators and oilfield services firms across North America, Canada, and the Middle East, and supported by global repair and service branches.

Ownership category

akta.pro rank

Product category

Oilfield Equipment Manufacturing

NAICS

Mining and Oil and Gas Field Machinery Manufacturing (33313), Oil and Gas Field Machinery and Equipment Manufacturing (333132), Mining Machinery and Equipment Manufacturing (333131)

SIC

Oil & Gas Field Machinery & Equipment (3533), Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Drill Tools, Bits & Downhole Equipment (IMAHAMAB)

akta.pro secondary industries

Wear Parts & Consumables (GET, Liners, Drill Bits, Grinding Media) (IMAKANAH), Mine Maintenance & Asset Reliability Contracting (Mobile/Fixed Plant Maintenance, Shutdowns, Overhauls) (IMAKAKAF)

Keywords

• Downhole drilling motors
• Oilfield equipment manufacturing
• Drilling jars shock absorbers
• Non-magnetic drill collars
• Directional drilling tools

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Drilling Equipment Manufacturing & Sales: BICO designs and manufactures standard and customized drilling equipment including Down Hole Motors, Thru-Tubing Motors, PBL Bypass Subs, Jetting Tools, Non-Mag Collars, Drilling Jars, Shock Absorbers, and Even Wall Power Sections. Revenue generated through direct sales of equipment to oil and gas operators and service companies.
2. Repair & Service: High-tech repair and service branches serving customers in all major hubs of the oil field service industry worldwide. Operating as a 'one-stop shop' offering local proximity to the customer.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

BICO Drilling Tools designs and manufactures standard and customized downhole drilling equipment including positive-displacement drilling motors (Down Hole Motors, Thru-Tubing Motors, Coiled Tubing Motors), proprietary EvenWall Power Sections, Drilling Jars, Shock Absorbers, PBL Bypass & Jetting Tools, Friction Reduction Tools, and Non-Mag Drill Collars. The company serves the oilfield, mining, and HDD industries through direct field sales and a global network of high-tech repair and service branches.

Product overview

BICO Drilling Tools is a manufacturer of downhole drilling equipment for the oil and gas industry, operating as a subsidiary of Schoeller-Bleckmann Oilfield Equipment (SBO) AG. The product portfolio centers on positive-displacement drilling motors (in various series including Rocket, Brute, Beast, Blazer, and Master) and their proprietary EvenWall/SpiroStar power section technology, complemented by a range of specialized tools including Coiled Tubing Motors, Hevi-Hitter Drilling Jars, FrictionBuster friction reduction tools, FASTER Shock Absorbers, PBL Bypass & Jetting Tools, and Non-Mag Drill Collars available in multiple alloy grades. The company also offers the BICO Steam enhanced oil recovery system and BICO M.A.S.T.E.R. reservoir stimulation technology. All products incorporate intelligent protection systems and are designed to achieve higher ROP than conventional alternatives while reducing maintenance costs and inventory requirements.

Differentiator

Problem solved

Functional benefit

Brands

• SpiroStar Supreme: Next generation EvenWall power section technology with approximately 30% less rubber than previous generation SpiroStar stators, delivering higher torque output
• EvenWall
• SpiroStar
• Hevi-Hitter
• FrictionBuster
• FASTER Shock
• PBL
• BICO Rocket
• BICO Brute
• BICO Beast
• BICO Blazer
• BICO Steam
• BICO PBL Tool
• BICO M.A.S.T.E.R.
• Non-Mag Alloys

Products and services

• Drilling Motors Positive-displacement downhole drilling motors that convert hydraulic energy from drilling fluid into mechanical torque and rotational speed. Available in sizes from 1.69" to 12" with various lobe configurations, power sections, and bearing types for directional, horizontal, and thru-tubing drilling applications. Sold to oil and gas operators and service companies.
• Power Sections (EvenWall Technology) Proprietary power section technology featuring EvenWall and SpiroStar designs with uniform rubber thickness for unparalleled strength in harsh drilling environments. SpiroStar Supreme offers approximately 30% less rubber than previous generations with confirmed higher torque output. Sold as components to motor manufacturers and to oil and gas operators.
• Coiled Tubing Motors Motors designed for coiled tubing applications using thin rubber layer over steel lobe technology. Engineered for improved performance in extreme temperatures, chemical, nitrogen, and aromatic environments where conventional motors fail. Sold to oil and gas operators and service companies.
• Hevi-Hitter Drilling Jars Double-acting Hydraulic Mechanical drilling jar with patented spline-design geometry and optimized stroke length. Bidirectional with variable time-delivered impact force, hydrostatically balanced, large bore ID 2-1/4". Sold to oil and gas operators and service companies.
• FrictionBuster Hydro-mechanical friction reduction tool that generates hydraulic pressure pulses converted to axial oscillations to break static friction between drill string and wellbore. Mitigates stick-slip and drill string buckling and improves ROP in extended-reach wells. Sold to oil and gas operators and service companies.
• FASTER Shock Tools Oil-bathed disc spring shock absorbers that dampen natural and induced vibrations. Reduce axial vibration, improve cutter and bearing life, increase ROP by keeping cutters in contact with formation, and are rated for high-temperature applications up to 400°F. Sold to oil and gas operators and service companies.
• PBL Bypass & Jetting Tools PBL Multiple Activation Bypass System for aggressive pumping of LCM materials, increased circulation rates, and enhanced hole cleaning. Features auto-close when pumps shut down and cycling capability for single-trip operations. Sold to oil and gas operators and service companies.
• Non-Mag Drill Collars and Alloys High-yield Non-Magnetic steel drill collars and alloys in grades P530, P540, P550, P580, P650, P670, P690, P750, and N850 for directional drilling applications requiring non-magnetic properties. Sold to oil and gas operators and service companies.
• BICO Rocket High-performance drilling motor for harsh conditions with multi-mile lateral sections. Delivers highest power per stage in the industry using EvenWall technology and features robust transmission and greater connection torque for extended-reach wells. Sold to oil and gas operators and service companies.
• BICO Brute Motor series engineered for superior performance and reliability in the toughest drilling conditions with robust bearings, seals, and cooling systems. Available in a range of sizes for directional and high-performance drilling applications. Sold to oil and gas operators and service companies.
• BICO Beast High-speed downhole drilling motor designed to increase efficiency, reduce downtime, and lower operating costs. Features advanced design for faster drilling, improved accuracy, and reduced tool wear in harsh environments. Sold to oil and gas operators and service companies.
• BICO Blazer Motor series designed for the most demanding drilling operations with rugged heavy-duty construction and high-torque output. Optimized for challenging well conditions with a compact and lightweight design. Sold to oil and gas operators and service companies.
• BICO Steam Enhanced oil recovery system providing steam injection for heating oil reservoirs and reducing viscosity. Designed for mature fields, heavy oil reservoirs, and tight oil formations as a cost-effective alternative to traditional EOR methods. Sold to oil and gas operators.
• BICO PBL Tool Advanced downhole tool providing real-time data and control for drilling optimization. Compact and lightweight design with advanced sensors for monitoring and adjusting drilling parameters in real time. Sold to oil and gas operators and service companies.
• BICO M.A.S.T.E.R. Motor Assisted System To Enhance ROP - reservoir stimulation system using mechanical activation combined with fluidic forces to create fractures. Reaches deeper into the reservoir with less fluid and proppant than conventional hydraulic fracturing. Sold to oil and gas operators.
• High-Tech Repair & Service High-tech repair and service branches serving customers in all major hubs of the oilfield service industry worldwide. Operates as a one-stop shop offering local proximity to the customer for BICO drilling equipment. Sold to oil and gas operators and service companies.

Quantifiable outcome

• Achieves considerably higher ROP than conventional drilling motors
• +1 more outcomes

Named customers8 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• SBO AG (Schoeller-Bleckmann Oilfield Equipment)coreOthersBICO Drilling Tools, Inc. is a subsidiary of the Schoeller-Bleckmann Oilfield Equipment (SBO) AG group of companies. SBO has established itself as the global market leader in the sector of precision machining and high-performance oilfield equipment manufacturing. SBO provides a strong strategic and financial basis for BICO as a highly autonomous subsidiary. SBO is the global market innovator in the high-precision manufacture of high-alloy, non-magnetic steels for oilfield and other industries.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• SLB (Schlumberger): Global oilfield services major that directly competes with BICO through its PowerDrive and PowerV downhole positive displacement drilling motors and integrated directional drilling services, addressing the same directional and horizontal drilling applications.
• Baker Hughes: Tier-1 OFS company offering the Navi-Drill and other downhole drilling motors used for directional and horizontal drilling, competing head-to-head with BICO's motor and EvenWall power section portfolio.
• Halliburton: Major oilfield services provider whose Sperry Drilling division supplies downhole motors, MWD/LWD, and directional drilling services directly competing with BICO's motor portfolio for operator capex share.
• Weatherford International: Large OFS company offering the MotorDrill line of downhole drilling motors and directional drilling tools, overlapping with BICO's product portfolio across directional, horizontal, and thru-tubing applications.
• NOV (National Oilwell Varco): Diversified oilfield equipment manufacturer producing downhole drilling motors, power sections, and associated drilling tools; BICO's Global Controller previously led NOV's Wired Drill Pipe joint venture with SLB, evidencing close competitive overlap.
• Hunting PLC: UK-listed oilfield equipment supplier manufacturing downhole tools, drilling motors, and related components used in similar directional and conventional drilling applications as BICO's product lines.
• Scientific Drilling International: Independent provider of downhole drilling tools, directional drilling services, and downhole motors with overlap on directional drilling and downhole tool portfolios serving similar operator customers.
• Varel Energy Industries: Manufacturer of downhole drill bits and complementary downhole tools, sharing similar distribution channels into oilfield operators and contractors and competing for share of downhole tool spend per well.

Emerging players

• APS Technology: Niche downhole tools and MWD/LWD provider serving directional drilling applications; smaller scale than BICO but competes for specifications on motors, sensors, and drilling optimization tools.

Regional players

• Herrenknecht: Global leader in horizontal directional drilling (HDD) and tunnelling equipment; comparable to BICO's HDD market exposure, though BICO participates as a tooling supplier rather than full rig manufacturer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xfacebook.com/BICODRILLING
• YouTubeyoutube.com/user/BICODrillingTools/videos
• Facebookfacebook.com/BICODRILLING
• LinkedInlinkedin.com/company/bico-drilling-tools
• Instagraminstagram.com/bicodrillingtools

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 BICO Drilling Tools