Rime Downhole Technologies

What Rime Downhole Technologies does

Rime Downhole Technologies, LLC is a privately held Texas-based engineering company that designs, manufactures, and services Measurement While Drilling (MWD) systems for the directional drilling segment of the oil and gas market. The company serves three customer segments: rental shops, directional drilling contractors, and oil and gas operators. Its product portfolio spans pulser systems (Argus, Fortis, Slick-HD, Slick-HT), the Iris Gamma Module sensor, Agilis Universal and Agilis-HT Universal controllers, the SlickRide shock mitigation tool, and supporting interface hardware including the Pulser Interface Box, SlickFill, and Sensei software.

The company's flagship integrated offering is the Locus MP platform, which combines pulser, controller, and sensor subsystems with a set of proprietary mechanical and electromechanical innovations: a Diamond-on-Diamond Valve built on a Certus topology, a Magnetic Coupling Drive, a Rotary Shear Valve, and Full Envelope Shock Isolation rated to 1,000g. Its "Black Box Transparency" feature provides onboard memory functioning as a flight recorder for downhole operating data. The Agilis Universal Driver is engineered as a drop-in replacement compatible with legacy pulser platforms from XXT, GE, Tensor, Telemetrix, Benchtree, and Bluestar—an explicit retrofit strategy aimed at the dominant installed base.

Rime Downhole operates a hybrid revenue model combining equipment sales of MWD systems and components, equipment rentals, and aftermarket repairs and maintenance services. Commercial activity is conducted through an enterprise field-sales motion with quote-based, consultative pricing. The company maintains its headquarters in Benbrook, TX, with a secondary office in Conroe, TX. Disclosed scale metrics include more than 1.2 million circulating hours and 1.25 billion pulses sent across its installed base, alongside a reported 50% share of the premium MWD component segment.

Name

Rime Downhole Technologies

Legal name

Rime Downhole Technologies, LLC

Website

https://rime.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Rime Downhole Technologies, LLC designs and manufactures Measurement While Drilling (MWD) systems and components—including pulsers, sensors, controllers, and shock mitigation tools—for directional drilling in oil and gas, serving rental shops, directional drillers, and operators.

Ownership category

akta.pro rank

Headquarters

HQ city

Fort Worth

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. MWD Systems and Components Sales: Sale of integrated MWD systems (Locus) and individual premium components including pulsers (Argus, Fortis, Slick-HD, Slick-HT), drivers/controllers (Agilis, Agilis-HT), sensors (Iris Gamma Module), and interface equipment. Components are sold as purpose-built hardware solutions for the oilfield.
2. Equipment Rentals: Flexible rental solutions providing access to mission-critical MWD hardware without capital burden. Includes Locus MWD System rentals with Fortis pulser, individual Agilis drivers, and Slick-HD pulsers. Designed for short-term drilling programs, inventory surges, or hostile environment deployments.
3. Repairs and Maintenance Services: Data-driven repair and maintenance services using forensic analysis approach. Includes memory log analysis, shock/vibration/temperature history assessment, predictive maintenance using travel-distance learning algorithms, and full traceability with heat number tracking.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Rime designs, manufactures, and sells integrated measurement-while-drilling (MWD) systems and premium downhole components for oilfield directional drilling, anchored by the Locus MP platform and a modular catalog of pulsers, controllers, gamma sensors, shock mitigation tools, and interface equipment. In parallel, the company rents tools for short-term or hostile-environment deployments and provides data-driven repair and maintenance services backed by onboard memory log analysis.

Product overview

Rime Downhole Technologies is a platform-plus-components manufacturer providing MWD (Measurement While Drilling) solutions for the oilfield. The core offering is the Locus MP, a fully integrated MWD platform combining the Fortis pulser, Agilis controllers, and Iris gamma module into a unified system. Complementing the platform are premium components including the Argus top mount pulser, Slick-HD and Slick-HT pulsers, Agilis and Agilis-HT universal pulser drivers, SlickRide shock mitigation tool, and interface equipment (Pulser Interface Box, SlickFill automated oil fill station, Sensei pressure emulator). The portfolio follows a modular architecture where individual components can upgrade legacy fleets or integrate into the turnkey Locus system, serving rental shops, directional drillers, and operators requiring high-reliability downhole instrumentation.

Differentiator

Problem solved

Functional benefit

Products and services

• Locus MP MWD System

Quantifiable outcome

• 1.2 million+ circulating hours with 1.25 billion pulses sent
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

Feature7 records

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• APS Technology: APS Technology designs and manufactures MWD/LWD tools, pulser drivers, and downhole telemetry systems for directional drilling. It directly competes with Rime's Locus platform and pulser/driver portfolio for the same directional-drilling and rental-shop customers.
• Gyrodata: Gyrodata specializes in downhole surveying, gyro-while-drilling, and MWD instrumentation for directional drilling applications. It directly overlaps with Rime's downhole measurement and telemetry products for the same rental-shop and directional-driller customers.
• Scientific Drilling International: SDI provides directional drilling, MWD/LWD tools, and downhole instrumentation services. It competes directly with Rime for premium MWD work and shares similar customer segments in oil and gas operators and rental providers.
• Downhole Technology (DTI): Downhole Technology manufactures drilling tools, MWD components, and downhole instrumentation for directional drilling service companies. It overlaps with Rime's premium-component offering for the same directional-driller and rental-shop end markets.
• J.S. Technical Services: J.S. Technical Services designs and supplies MWD/LWD tools, downhole sensors, and pulser systems to oilfield directional-drilling operators. It is a direct niche competitor serving the same customer base as Rime's component portfolio.

Broad incumbents

• Sperry Drilling (Halliburton): Halliburton's Sperry Drilling division offers integrated directional drilling services including MWD/LWD systems, rotary steerables, and downhole telemetry. It competes with Rime across the full MWD stack but with a much broader services portfolio and global footprint.
• Schlumberger (SLB): SLB's Telemetrix and broader drilling business provides MWD pulser technology and integrated drilling services globally. It is a broad incumbent with overlapping capabilities to Rime's pulser, driver, and integrated MWD offerings, supported by substantially larger R&D.
• Baker Hughes: Baker Hughes delivers drilling services and downhole tools including MWD/LWD systems and rotary steerables through its Oilfield Services segment. It overlaps with Rime's product categories as part of a much wider portfolio spanning drilling, completions, and production.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/rime-downhole-technologies

Revenue estimate

Valuation estimate

Number of profiles

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 Rime Downhole Technologies