Oilfield Tools

What Oilfield Tools does

Oilfield Tools, Inc. (OTI) is a privately held oilfield services company founded in 1987 and headquartered in Traverse City, Michigan, serving oil and gas operators across Illinois, Ohio, West Virginia, and Michigan. The company specializes in downhole tools and on-site field supervision, with a long-standing focus on carbon sequestration and CO2 enhanced oil recovery (CO2-EOR) operations, including Class VI monitoring wells and large-scale injection projects. It also serves gas storage operators and general oil and gas producers requiring drilling, completion, workover, fishing, and well re-entry services.

The company's core technology portfolio comprises mechanical downhole equipment — permanent and retrievable production packers, retrievable and treating bridge plugs, multi-stage frac-packer assemblies, internal casing cutters, cement retainers, sliding sleeves and flow control tools, composite frac plugs, sandline drills, wireline-set retrievable packers, casing spears, casing scrapers, casing float equipment, external casing packers, DV stage tools, blanking plugs, high-pressure plugs, and isolation tools for leak detection — complemented by state-of-the-art electronic memory gauges used for bottom-hole pressure and top-of-cement surveys. Service capabilities include expert oilfield supervision, six fully staffed slickline trucks, full drilling and completion general contracting, fishing services, swabbing, plug retrieval, and gas storage workover solutions using modern service rigs with BOP stacks.

Revenue is generated through hardware sales and rental of downhole tools alongside professional services revenue from supervision, slickline interventions, drilling/completion contracting, workover, fishing, and survey work. Pricing is project-based and not publicly disclosed, with multi-year contracts and an enterprise field sales motion targeting oil and gas operators. The company is independently operated with 11–50 employees, no disclosed funding, parent entity, partnerships, or M&A activity.

Name

Oilfield Tools

Legal name

Oilfield Tools, Inc.

Website

https://oilfieldtoolsinc.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

11–50 employees

Short description

Oilfield Tools, Inc. is a privately held Michigan-based oilfield services company founded in 1987 that supplies downhole tools, slickline, drilling, completion, workover, and CO2-EOR services to oil, gas storage, and carbon sequestration operators across the Midwest and Appalachian region.

Ownership category

akta.pro rank

Product category

Oilfield Services

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132), Support Activities for Oil and Gas Operations (213112)

SIC

Oil & Gas Field Machinery & Equipment (3533), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Completion Tools & Subsurface Equipment (Packers, Liners, Valves, Sand Control) (EUALABAD)

akta.pro secondary industries

Well Construction & Completion Services (Cementing, Casing, Tubular Running) (EUALABAC), Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH)

Keywords

• Downhole tools
• Oilfield services
• Slickline services
• Carbon sequestration
• Well completion services

Headquarters

HQ city

Traverse City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Oilfield Supervision Services: Expert on-site supervision services for drilling and production activities with experienced personnel managing field operations, monitoring compliance with safety protocols and industry regulations.
2. Downhole Tools Sales and Rental: Sale and rental of comprehensive downhole tools including packers, bridge plugs, flow control devices, frac-pack assemblies, and completion hardware for drilling and completion phases.
3. Slickline Services: Well intervention services using six fully staffed slickline trucks for retrieval and installation of downhole devices including gauges, valves, and plugs, with cost-effective well servicing capabilities.
4. Drilling and Completion General Contracting: Full-service drilling and completion contracting including pre-spud engineering, detailed planning, and all phases of bringing wells online for injection or monitoring.
5. Gas Storage Workover Solutions: Integrated solutions for completion, workover, and re-heading operations including access to modern service rigs with skilled operators, BOP stacks, and blowout prevention equipment.
6. Fishing Services: Retrieval of wellbore debris including stuck plungers, gas lift valves, parted slickline, and lost tools from other service providers.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Oilfield Tools, Inc. manufactures and supplies a comprehensive inventory of downhole tools (production packers, bridge plugs, treating packers, multi-stage frac-packers, casing cutters, cement retainers, sliding sleeves, composite frac plugs, casing spears, casing scrapers, float equipment, isolation tools) and delivers a full suite of oilfield services including expert field supervision, drilling and completion general contracting, slickline intervention (six fully staffed trucks), fishing, workover, BHP and top-of-cement surveys, swabbing, plug retrieval, and specialized carbon sequestration and CO₂-EOR operations for oil and gas operators.

Product overview

Oilfield Tools, Inc. is a provider of downhole tools and oilfield services operating since 1987. The company offers a comprehensive portfolio of downhole tools including permanent and retrievable production packers, bridge plugs, treating packers, frac-packer assemblies, casing cutters, cement retainers, sliding sleeves, composite frac plugs, casing spears, casing scrapers, and float equipment. These products are complemented by a full suite of services spanning drilling and completion general contracting, expert slickline services (with six fully staffed trucks), fishing operations, workover solutions, BHP/top-of-cement surveys, and specialized CO₂-related operations including carbon sequestration and enhanced oil recovery. The company serves the full lifecycle of oil and gas well operations from drilling through production, remedial work, and well re-entries, operating primarily in Illinois, Ohio, West Virginia, and Michigan.

Differentiator

Problem solved

Functional benefit

Products and services

• Permanent and Retrievable Production Packers Premium corrosion-resistant production tools designed for long-term reliability and operational success in demanding downhole environments; sold/rented to oil and gas operators for production and injection operations.
• Retrievable Bridge Plugs Retrievable downhole tools used for zonal isolation and wellbore sealing during drilling, completion, and workover operations; wireline-set variants available for temporary or permanent zonal isolation.
• Treating Packers Downhole tools designed for treatment operations including acidizing, fracturing, and other well stimulation activities.
• Multi-stage Frac-Packer Assemblies Advanced assemblies enabling multi-stage hydraulic fracturing and packing operations in horizontal or vertical wells.
• Internal Casing Cutters Specialized cutting tools designed to cut casing internally for abandonments, sidetracks, or remedial operations.
• Cement Retainers Tools used to retain cement in specific intervals during squeeze cementing operations.
• Sliding Sleeves and Flow Control Tools Flow control devices enabling selective zonal access and flow management in production and injection wells.
• Composite Frac Plugs Composite bridge plugs designed for frac operations, providing reliable zonal isolation with drill-out capability.
• Sandline Drills Downhole tools for drilling operations using sandline methods in well intervention scenarios.
• Wireline Set Retrievable Packers and Bridge Plugs Wireline-deployed tools that can be set and retrieved for temporary or permanent zonal isolation.
• Casing Spears Retrieval tools designed to engage and retrieve casing or tubing from the wellbore.
• Casing Scrapers Downhole tools used to clean casing interior walls by removing cement, scale, and debris.
• Casing Float Equipment Equipment used during cementing operations to control fluid flow and guide cement placement in casing strings.
• External Casing Packers External packers providing annular isolation outside the casing for liner hangers and other applications.
• DV Stage Tools Differential valve stage tools used in multi-stage cementing operations to control cement placement.
• Blanking Plugs Blanking plugs compatible with all landing nipple sizes from 1.625 to 4.562 inches for temporary or permanent wellbore isolation.
• High-Pressure Plugs High-pressure plugs designed for setting in 2⅜, 2⅞, and 3½ inch tubing strings for pressure isolation.
• Isolation Tools Unique tools enabling precise leak detection in tubing strings, allowing operators to diagnose issues accurately and avoid costly workovers.
• Oilfield Supervision Services Expert field supervision ensuring effective management of drilling and production activities with adherence to safety protocols, minimizing downtime and optimizing resource allocation; offered to oil and gas operators.
• Drilling and Completion Services Full-service drilling and completion general contracting covering the entire project lifecycle from pre-spud engineering and detailed planning through all phases of drilling, completion, and bringing wells online for injection or monitoring.
• Slickline Services Well intervention services utilizing six fully staffed slickline trucks for retrieval and installation of downhole devices including gauges, valves, and plugs without requiring additional rigs.
• Fishing Services Expert services for retrieving wellbore debris including stuck plungers, gas lift valves, parted slickline, and lost tools from other service providers.
• Bottom-Hole Pressure (BHP) Surveys Precision surveys using state-of-the-art electronic memory gauges to deliver critical high-quality data for optimizing production and injection performance.
• Top-of-Cement Surveys Survey services using electronic memory gauges to determine top-of-cement placement in wells.
• Swabbing Services Cost-effective tubing and casing swabbing services for sizes from 1.9 inches up to 5½ inches, reducing operational expenses and on-site footprint.
• Plug Retrieval Services Retrieval of wireline-set bridge plugs ranging from 3½ to 9⅝ inches, eliminating the need for service rigs.
• Gas Storage Workover Solutions Integrated solutions for completion, workover, and re-heading operations with modern service rigs, blowout preventer (BOP) stacks, and experienced wellsite supervisors.
• Carbon Sequestration Services Complete ground-to-crown drilling, completion, and wellbore intervention services for carbon sequestration wells including Class VI monitoring wells and large-scale injection projects.
• CO₂ Enhanced Oil Recovery (EOR) Services CO₂-related operations combining specialized experience with comprehensive slickline services, fishing, remedial operations, re-works, and re-entries for CO₂-EOR wells.

Quantifiable outcome

• Hundreds of carbon sequestration and CO2-EOR projects successfully delivered since 2008
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Scale indicators5 records

Recent moves3 records

Expansion highlights4 records

Direct peers

• STEP Energy Services: Canadian-based North American OFS provider offering coiled tubing, frac, and well intervention services. Comparable as a smaller, regionally focused completion and intervention peer.
• Liberty Oilfield Services: US-focused hydraulic fracturing and completion services company with adjacent capabilities in downhole tools and wireline. Comparable as a smaller, geographically focused competitor in completion-phase services.
• ProPetro Holding: US pressure pumping and completion services provider with related downhole tool offerings. Comparable as a regional completion-services competitor, though operating at greater scale.
• Nine Energy Service: US-based completion and downhole tool provider offering packers, bridge plugs, frac plugs, and well intervention services. Highly comparable as a smaller-cap OFS specialist competing in completion tools and pressure pumping.
• Cudd Energy Services: US-based well services company providing drilling, completion, workover, and well intervention services with a similar mid-sized footprint. Comparable as a competing regional OFS service provider with overlapping service lines.
• Core Laboratories: Provider of reservoir description and production enhancement services, including downhole pressure/temperature surveys and diagnostics. Comparable for the company's BHP and top-of-cement survey services and precision downhole measurement capabilities.

Broad incumbents

• Halliburton: One of the largest global OFS companies, offering completion tools, drilling services, and well intervention. Overlaps with Oilfield Tools across downhole tools and CO2/CCUS service lines, but at much greater scale and breadth.
• Schlumberger (SLB): Global OFS leader with comprehensive downhole tools, drilling, and CCUS offerings including CO2 storage evaluation services. Comparable as the dominant incumbent across most of Oilfield Tools' service lines.
• Weatherford International: Global OFS provider with a deep downhole tools portfolio (packers, bridge plugs, casing equipment) and well intervention services. Comparable as a competitor in completion hardware and intervention, though vastly larger and broader in scope.
• Baker Hughes: Diversified energy technology company with oilfield services, BOP equipment, and downhole tool offerings. Overlaps with Oilfield Tools' workover/BOP and completion hardware capabilities, while expanding into CCUS.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 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 Oilfield Tools