M-I SWACO
- Company typePublic
- Founded1926
- HeadquartersHouston, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
M-I SWACO firmographics
Firmographics- Name
- M-I SWACO
- Legal name
- SLB (formerly Schlumberger)
- Website
- https://slb.com
- Company type
- Public
- Founded year
- 1926
- Operating status
- Acquired
- Headcount range
- 5,001–10,000 employees
- Ownership category
- akta.pro rank
M-I SWACO industry classification
Industry- Product category
- Oilfield Services
- 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), Drilling Oil & Gas Wells (1381)
- akta.pro primary industry
- Drilling Fluids, Solids Control & Waste Handling (EUALABAG)
- akta.pro secondary industries
- Drilling & Well Construction (E&P Operator-led) (EUALAAAD), Filtration, Condition Monitoring & Fluid Management (Filters, Breathers, Oil Analysis, Cooling) (IMAHAGAL)
Keywords
Where M-I SWACO is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Markets served
M-I SWACO business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D
Distribution channels1 record
Marketing channels1 record
M-I SWACO product offering
Product offeringCore offering
M-I SWACO manufactures drilling fluid systems and solids control equipment used in oil and gas well construction. Its bentonite-based drilling fluids provide wellbore stabilization and cuttings transport, while its solids control technology supports efficient drilling performance for upstream oil and gas operators.
Differentiator
Problem solved
Functional benefit
Brands
- ChampionX: Production chemicals portfolio providing flow assurance and asset integrity solutions for oil and gas production.
Quantifiable outcome
- Part of market consolidation where top five players represent nearly 40% of global bentonite market
Companies that use M-I SWACO
Customer profileSegments1 record
Ideal customer profiles1 record
M-I SWACO technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
M-I SWACO partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Wyo-Ben Inc.acquisitionWyo-Ben Inc. acquired M-I SWACO's bentonite operations in November 2023, consolidating M-I SWACO's bentonite business into Wyo-Ben's existing operations. This acquisition represents a major market consolidation in the bentonite industry, strengthening Wyo-Ben's position among the top five bentonite market players who collectively represent nearly 40% of the global market.
Scale indicators3 records
Recent moves5 records
Expansion highlights4 records
M-I SWACO competitors and assessment
Company assessmentDirect peers
- Newpark Resources: Specialized drilling fluids provider serving oil and gas operators, with comparable product lines in drilling fluids, fluids systems, and wellsite services that overlap directly with M-I SWACO's core offering.
- Tetra Technologies: Provider of completion fluids, production chemicals, and water management to oil and gas operators, with comparable chemistry and fluid-handling offerings relevant to drilling and completion workflows.
- CES Energy Solutions: Provider of drilling fluids, production chemistry, and specialty chemistries to upstream operators across North America and internationally, directly competing with M-I SWACO in drilling fluid systems.
- Wyo-Ben Inc. Acquired M-I SWACO's bentonite operations in November 2023 and operates as a major bentonite supplier to drilling and industrial customers, making it a direct comparable in bentonite-based drilling fluid feedstocks.
Broad incumbents
- Schlumberger (SLB): Parent organization of the M-I SWACO brand and the largest oilfield services company globally, with overlapping drilling, completions, and digital capabilities that contextualize M-I SWACO's positioning.
- Baker Hughes: Global energy technology and oilfield services company whose drilling, completions, and production chemicals portfolios compete with M-I SWACO across the well construction value chain.
- Weatherford International: Diversified oilfield services and equipment provider whose drilling, evaluation, and completions portfolio overlaps with M-I SWACO's drilling fluids and solids control capabilities across global upstream markets.
- National Oilwell Varco (NOV): Major supplier of oilfield equipment and drilling components, including solids control and fluid management systems that overlap with M-I SWACO's equipment side of drilling fluids operations.
- Halliburton: One of the largest oilfield services providers globally, with a dedicated drilling fluids and solids control product line (Baroid) that directly competes with M-I SWACO across drilling fluid chemistries and well construction services.
Emerging players
- Imdex: Provider of drilling fluids chemistry, downhole tools, and subsurface intelligence solutions to mining and drilling operators, with adjacent chemistry and solids control technology comparable to M-I SWACO.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
M-I SWACO social profiles
Digital presenceM-I SWACO financial estimates
Financial estimateRevenue estimate
Valuation estimate
M-I SWACO leadership team
Management profileNumber of profiles
M-I SWACO subsidiaries and ownership
Company hierarchySubsidiaries1 record
M-I SWACO funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
M-I SWACO M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about M-I SWACO
What does M-I SWACO do?
M-I SWACO manufactures drilling fluid systems and solids control equipment used in oil and gas well construction. Its bentonite-based drilling fluids provide wellbore stabilization and cuttings transport, while its solids control technology supports efficient drilling performance for upstream oil and gas operators.
Is M-I SWACO a public or private company?
M-I SWACO is a public company. It is classified as corporate owned and is currently acquired.
When was M-I SWACO founded?
M-I SWACO was founded in 1926. It employs 5,001 to 10,000 people.
Where is M-I SWACO based?
M-I SWACO is headquartered in Houston, United States, in the North America region.
Who are M-I SWACO's main competitors?
Direct peers on record are Newpark Resources, Tetra Technologies, CES Energy Solutions and Wyo-Ben Inc.. Broad incumbents are Schlumberger (SLB), Baker Hughes, Weatherford International, National Oilwell Varco (NOV) and Halliburton. Imdex is listed as an emerging player.
Does M-I SWACO have an API?
No public API is recorded for M-I SWACO.
What industry is M-I SWACO in?
M-I SWACO's product category is Oilfield Services. Its primary akta.pro industry code is EUALABAG, Drilling Fluids, Solids Control & Waste Handling, with a secondary code of EUALAAAD, Drilling & Well Construction (E&P Operator-led). Its NAICS code is 333132 and its SIC code is 3533.