Tolteq

What Tolteq does

Tolteq, operating as a product brand of NOV Inc. (NYSE: NOV), manufactures Measurement While Drilling (MWD) tools, supporting software, and surface systems used by oil and gas drilling operators. Its product portfolio consists of three integrated components: downhole MWD instruments that capture real-time subsurface measurements during drilling operations, software for data collection, analysis, and visualization of those measurements, and surface systems that receive and process downhole telemetry at the rig site. The iSeries NXT MWD Solutions represent the latest generation of this integrated stack, combining the three components into a single drilling-performance offering aimed at directional drilling applications.

The company's go-to-market is mediated entirely through its parent: Tolteq is marketed and distributed via NOV's corporate website, direct sales organization, industry events, and global field service infrastructure, rather than through independent channels. Tolteq serves oil and gas exploration and production operators that require real-time downhole data for directional drilling control and performance optimization in challenging well environments. Pricing is not publicly disclosed and is consistent with project-by-project negotiation typical of B2B oilfield equipment sold under the NOV umbrella. Tolteq is headquartered in Cedar Park, Texas (with NOV headquartered in Houston) and operates with 51-100 employees; specific branding founding date and standalone revenue are not separately disclosed.

Name

Tolteq

Legal name

NOV Inc.

Website

https://tolteq.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

51–100 employees

Short description

Tolteq, a product brand of NOV Inc., manufactures measurement-while-drilling tools, software, and surface systems for oil and gas drilling operators. It delivers integrated downhole telemetry solutions, including the iSeries NXT MWD platform, to support directional drilling performance.

Ownership category

akta.pro rank

Product category

Measurement While Drilling Tools

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), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Directional Drilling & MWD/LWD Services (EUALABAB)

akta.pro secondary industry

Drill Tools, Bits & Downhole Equipment (IMAHAMAB)

Keywords

• Measurement while drilling
• Directional drilling tools
• Downhole telemetry systems
• Drilling performance software
• Oilfield surface equipment

Headquarters

HQ city

Cedar Park

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Distribution channels1 record

Marketing channels2 records

Core offering

Tolteq manufactures and supplies Measurement While Drilling (MWD) tools, surface systems, and associated software for oil and gas drilling operators. The integrated offering, branded iSeries NXT MWD, delivers real-time downhole measurement data, telemetry, and surface data processing to support directional drilling and drilling performance optimization. Sold as part of NOV Inc.'s broader oilfield equipment portfolio, Tolteq's products are deployed at the wellsite to enable real-time subsurface measurements during drilling operations.

Product overview

Tolteq is a brand under NOV (National Oilwell Varco) offering a comprehensive portfolio of MWD (Measurement While Drilling) solutions for the oil and gas drilling industry. The product portfolio consists of three integrated core components: MWD Tools (downhole measurement instruments), Software (for data processing and analysis), and Surface Systems (surface equipment for data reception). The iSeries NXT MWD represents the latest generation of these integrated solutions, combining tools, software, and surface systems to enhance drilling performance through real-time downhole data.

Differentiator

Problem solved

Functional benefit

Products and services

• iSeries NXT MWD Solutions An integrated Measurement While Drilling solution combining downhole MWD tools, proprietary data processing software, and surface systems to deliver real-time downhole measurement data and telemetry for directional drilling and drilling performance optimization by oil and gas drilling operators.

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Recent moves2 records

Expansion highlights3 records

Emerging players

• LIBERTY Energy: Hydraulic fracturing and completions-focused oilfield services firm that increasingly invests in drilling performance technology; a comparable in the integrated drilling services value chain where MWD tools are deployed.

Direct peers

• APS Technology: Provider of MWD and downhole measurement tools, including ruggedized directional sensors and surface systems, directly comparable to Tolteq's MWD tools and surface equipment.
• Halliburton: Major oilfield services company providing MWD/LWD tools and directional drilling services that compete head-to-head with Tolteq's integrated MWD offering in land and offshore markets.
• Gyrodata: Specialist in directional drilling and MWD/LWD surveying services, offering comparable downhole measurement and wellbore positioning technology to oil and gas operators.
• Baker Hughes: Integrated oilfield services provider with MWD/LWD and drilling performance solutions that overlap directly with Tolteq's measurement while drilling, software, and surface systems portfolio.
• Schlumberger (SLB): Global oilfield services leader offering MWD/LWD tools through its Sperry Drilling product line, directly competing with Tolteq in directional drilling measurement across operator and drilling contractor accounts.
• Weatherford International: Oilfield services and equipment company offering MWD/LWD tools and drilling optimization services that compete with Tolteq, particularly in land drilling and unconventional plays.
• Cathedral Energy Services: Provider of directional drilling and MWD services to oil and gas operators, with comparable technology offering focused on real-time downhole measurement and drilling performance.
• Scientific Drilling International: Provider of directional drilling services, downhole MWD/LWD tools, and wellbore positioning technology with overlapping customer base in oil and gas drilling operations.

Broad incumbents

• Hunting PLC: Diversified energy services company supplying downhole tools, OCTG, and certain MWD-related equipment to the upstream sector, with overlapping products but a much broader portfolio than Tolteq.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

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 Tolteq