Energy & Technology Corp. (ENGT)

What Energy & Technology Corp. (ENGT) does

Energy & Technology Corp. (ENGT) is a Lafayette, Louisiana-based public holding company (OTC: ENGT) that supplies non-destructive testing (NDT) inspection, OCTG storage, API/semi-premium threading and repair, and pipe sales to the oil and gas industry through three wholly owned subsidiaries: Technical Industries, Inc. (NDT inspection and storage of OCTG, drill pipe, casing, and tubing), Energy Technology Manufacturing & Threading LLC (threading, bucking, and repair up to 11 7/8 inch diameter), and Energy Pipe, LLC (pipe distribution). The company, originally founded in 1971 as Technical Industries and active across Texas, Louisiana, the Gulf of Mexico, Mexico, Canada, Saudi Arabia, the UAE, and Qatar, serves major oil and gas operators including Chevron, BP, Baker Hughes, Halliburton, and TH Hill Associates across a base of approximately 130 accounts with average customer relationships exceeding ten years.

The proprietary technology stack centers on VisonArray (3D wall and outside-diameter mapping via ultrasonic testing, sampling every quarter inch along pipe length and every degree around the circumference, with up to 745,000 wall thickness readings per 30-ft joint) and Visonic 3D Virtual Imaging (color-coded wall visualization with permanent image storage enabling wear tracking and life-expectancy projection). ENGT holds three U.S. patents and one China patent on these systems, with applications pending in Canada and Europe, and manufactures its inspection equipment in-house. Quantified differentiation includes probabilistic internal pressure ratings approximately 21% above minimum API MIYP ratings and measured rupture pressures approximately 50% greater than API MIYP ratings using ENGT characterization, supporting use in deepwater and high-pressure/high-temperature critical wells.

The business model combines professional services (NDT inspection, threading, repair), managed services (storage and logistics via a web-based inventory tracking system and Foreign Trade Zone-enabled Houston facility), and one-time pipe sales, with go-to-market executed through enterprise field sales, conference presence (OTC, Offshore Middle East, API), referral-driven mid-market outreach, and international sales representatives in Mexico and Saudi Arabia. Pricing is quote/bid-based, with deepwater and critical-well inspection commanding premium economics. Revenue concentration historically skewed to Gulf of Mexico oil and gas activity, leaving the company exposed to cyclical and regulatory shocks.

Name

Energy & Technology Corp. (ENGT)

Legal name

Energy & Technology Corp.

Website

https://engt.com

Company type

Public

Founded year

1971

Operating status

Operating

Headcount range

51–100 employees

Short description

Energy & Technology Corp. (ENGT) is a Lafayette, Louisiana-based holding company providing proprietary ultrasonic 3D pipe inspection (VisonArray, Visonic), OCTG storage, threading, and pipe sales to oil and gas operators worldwide.

Ownership category

akta.pro rank

Product category

Oilfield Tubular Goods Inspection Services

NAICS

Testing Laboratories and Services (541380), Oil and Gas Field Machinery and Equipment Manufacturing (333132), Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515)

SIC

Services-Testing Laboratories (8734), Oil & Gas Field Services, Nec (1389), Oil & Gas Field Machinery & Equipment (3533), Instruments For Meas & Testing Of Electricity & Elec Signals (3825)

akta.pro primary industry

Non-Destructive Testing (NDT) & Advanced Inspection (Phased Array, TOFD, Guided Wave) (EUAEAKAF)

akta.pro secondary industries

Non-Destructive Testing (NDT) & Inspection Services (IMAIACAI), NDT/NDE Inspection Equipment (Ultrasonic, eddy current, radiography, thermography) (IMAGAFAI), Non-Intrusive Inspection (NII) & Advanced NDT (PAUT, TOFD, RT/DR) (EUAEAHAK), Non-Destructive Testing (NDT) & Diagnostics (IR/UV, PD, vibration, acoustic) (EUADAJAE)

Keywords

• Non-destructive testing services
• Oilfield pipe inspection
• OCTG threading services
• Deepwater tubular inspection
• Pipe storage logistics

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Inspection Services (NDT): Revenue from non-destructive testing inspection services including ultrasonic, electromagnetic, magnetic particle, liquid penetrant, visual, and flux leakage inspection of OCTG, drill pipe, casing, and tubing. Inspection fees represented 45.1-69.6% of total revenue in 2009-2010, making it the primary revenue driver. Deepwater and offshore inspection services command premium pricing due to the specialized technology required.
2. Pipe Sales (OCTG, Line Pipe, Drill Pipe): Sale of oilfield tubular goods including OCTG tubing, casing, line pipe, and drill pipe. Represented a variable portion of revenue (0-57% historically) depending on market conditions. Revenue from pipe sales was $168,327 in 2010, $75,073 in 2009, and $4,522,398 in 2008. The company maintained pipe inventory available for sale, valued at $3.5M at end of 2010.
3. Storage and Logistics Services: Storage fees charged for storing customers' tubular goods at company facilities in Houston and Lafayette. Revenue from storage fees was $817K in 2010 (29.3% of revenue), $1.18M in 2009 (17.1%), $841K in 9 months 2009 (13.6%), and $300K in Q3 2009 (20%). The company provides hauling and storage of tubular goods with associated handling charges included in other income.
4. Threading and Manufacturing Services: API and semi-premium threading, bucking, and repair of drill pipe, casing, and tubing up to 11 7/8 inch diameter. Manufacturing of pup joints and marker joints to customer specifications. New facility started operations in 2010 with operators having 10-34 years of experience. Revenue from this stream was growing, with plans to quadruple capacity in 2012.
5. Equipment Manufacturing (Discontinued): Company manufactured NDT equipment in-house for sale to third parties but discontinued this practice due to proprietary infringement risk. CEO indicated the company could resume manufacturing equipment for sale if patents were secured, potentially opening a new revenue line.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

Energy & Technology Corp. (ENGT), through its Technical Industries, Inc. and Energy Technology Manufacturing & Threading subsidiaries, provides non-destructive testing (NDT) inspection, storage, and API/semi-premium threading services for oil country tubular goods (OCTG), drill pipe, casing, and tubing used in the oil and gas industry. Its proprietary VisonArray 3D Wall & OD Mapping and Visonic 3D Virtual Imaging systems perform full-body ultrasonic inspection of pipe, mapping wall thickness and outside diameter every 1/4 inch along the length and every degree around the circumference to determine burst, collapse, and tensile strength ratings for deepwater and critical-service wells.

Product overview

Energy & Technology Corp. (ENGT) operates as a holding company offering a comprehensive suite of oilfield tubular goods services through its three main divisions: Technical Industries, Inc. (NDT inspection and storage), Energy Technology Manufacturing & Threading LLC (API and semi-premium threading and repair), and Energy Pipe, LLC (pipe sales). The company's proprietary inspection technologies—VisonArray™ and Visonic™ 3D imaging systems—form the core of its competitive advantage, providing advanced wall thickness and OD mapping capabilities that enable deepwater and critical well drilling applications. Services are provided under one roof concept to minimize customer time and expense, with facilities in Houston, Texas and Abbeville and Lafayette, Louisiana.

Differentiator

Problem solved

Functional benefit

Brands

• VisonArray: Proprietary patented 3D O.D. and wall imaging technology for deepwater inspection projects
• Visonic
• Technical Industries
• ETMT (Energy Technology Manufacturing & Threading)

Products and services

• NDT Inspection Services Non-destructive testing (NDT) inspection services for oil country tubular goods (OCTG), drill pipe, casing, tubing, and line pipe using ultrasonic (UT), electromagnetic (EMI), magnetic particle (MPI/WMPI), liquid penetrant (PT), visual, and flux leakage inspection methods. The service is targeted at oil and gas operators, drilling companies, and steel mills requiring pipe fitness-for-purpose certification.
• OCTG Storage Services Onsite storage of oil country tubular goods at the company's Houston and Lafayette facilities, with handling charges and inventory management. Foreign Trade Zone status at the Houston facility enables competitive international pricing for stored pipe.
• API and Semi-Premium Threading Services API and semi-premium threading, bucking, and repair of drill pipe, casing, and tubing up to 11 7/8 inch diameter, including manufacturing of pup joints and marker joints to customer specifications. Performed at the Energy Technology Manufacturing & Threading (ETMT) facility in Houston, Texas.
• VisonArray 3D Wall & OD Mapping Inspection Service Proprietary ultrasonic inspection service providing 3D wall thickness and outside diameter mapping of OCTG, drill pipe, casing, and tubing, collecting up to 745,000 wall thickness readings per 30-ft joint. Enables determination of cross-sectional area, eccentricity, and burst/collapse/tensile ratings for deep and critical wells. Patented in the U.S. (three patents), China, and pending in Canada and Europe.
• Visonic 3D Virtual Imaging Inspection Service Proprietary PC-based 3D virtual imaging inspection service that displays pipe wall condition with color-coded severity mapping (0-2% white, 2-5% gray, 5-10% yellow, 10-15% blue, 15-20% orange, 20%+ red). Enables permanent image storage, wear tracking over multiple inspections, and future life expectancy projection. Patented in the U.S. and internationally.
• OCTG and Line Pipe Sales Sale of oilfield tubular goods including OCTG tubing, casing, line pipe, and drill pipe through the Energy Pipe, LLC subsidiary. Pipe inventory maintained for sale to oil and gas operators, drilling companies, and material suppliers.

Quantifiable outcome

• Traditional thin-wall reporting underestimated cross-sectional area: all joints in a 275-joint sample had XSA greater than Nominal even though thin-wall reports were below Nominal Wall. ENGT's minimum XSA method provides a significantly stronger evaluation.
• +4 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Eight partnerships are on record, tiered core, minor and flagship.

• KPMGcoreImplementation/ SI/ Consulting Partner · 16 November 2011International auditing firm KPMG acted as Technical Industries' agent to obtain Foreign Trade Zone status, working with U.S. Customs and the Houston Port Authority. KPMG conducted feasibility analysis and prepared formal FTZ application. KPMG also previously led FTZ permit efforts in 2010.
• Kogi State Government (Nigeria)minorStrategic or Co-development Partner · 11 February 2011ENGT hosted a delegation from Kogi State, Nigeria including the Governor and Minister of Commerce and Industries. Discussions covered the Confluence Sugar project budget and timelines. The project involves a joint venture between the state government and ENGT affiliate Confluence Sugar for a 76,500+ acre plantation and sugar mill.
• GIBCA Petroleum Services (UAE)flagshipStrategic or Co-development Partner · 9 March 2010ENGT signed an MOU with GIBCA Petroleum Services represented by Sheik Al-Qassimi to establish a joint venture facility in the UAE. A business development team led by CEO George M. Sfeir traveled to the Middle East in March 2010 to finalize details. This represents ENGT's primary international expansion initiative into the Middle East oil and gas market.
• LSRH Oversight Review BoardminorOthers · 16 February 2006LSRH Oversight Review Board was appointed as independent auditor for Technical Industries, Inc. in February 2006. LSRH specializes in public companies and SEC regulation, bringing unique understanding of Technical Industries' high-tech energy services.
• Thibodaux Hebert Deshotel LeBlanc & AssociatesminorImplementation/ SI/ Consulting Partner · 16 February 2006Lafayette, Louisiana accounting firm assisting LSRH and providing tax accounting services for both public and private companies. Long-standing professional services relationship supporting ENGT's financial reporting and compliance.
• Stress Engineering ServicescoreStrategic or Co-development Partner · 1 January 2003Primary contractor for DEA-130 Joint Industry Project focused on modernizing collapse ratings of OCTG. Collaborated with ENGT (Technical Industries) on advanced yard inspection technology development as part of the probabilistic tubular design program.
• V&M TubularscoreTechnology or Integration · 1 January 2003Partnered on advanced mill inspection technology development. Provided in-line UT inspection data for 3D wall mapping of critical service production casing, enabling detailed characterization of pipe manufacturing uniformity and helical wall thickness patterns.
• TH Hill Associates, Inc.coreStrategic or Co-development PartnerOver 10-year working relationship. THHA witnessed numerous Standard DS-1 inspections performed by Technical Industries and confirmed TI's ability, capability, and knowledge to perform DS-1 inspections. Dexter H. Brown Jr. (Supervisor - International Operations) provided formal endorsement.

Scale indicators8 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Mistras Group: Pure-play NDT inspection and condition monitoring provider serving oil and gas, energy, and industrial infrastructure. Offers ultrasonic, electromagnetic, and other NDT methods that directly compete with ENGT's Technical Industries NDT service line, particularly in pipeline and pressure vessel integrity work.
• Stress Engineering Services: Primary contractor on the DEA-130 Joint Industry Project that ENGT/Technical Industries contributed yard inspection technology to. Provides OCTG testing, failure analysis, and probabilistic tubular design consulting that directly overlaps ENGT's deepwater inspection and pipe-strength characterization value proposition.
• Tuboscope (a brand of NOV): Tuboscope, part of National Oilwell Varco, is a direct competitor in OCTG and drill pipe inspection services and was named alongside Technical Industries in the DEA-130 Joint Industry Project on advanced yard inspection technology. It offers the most directly comparable suite of NDT inspection, EMI, and tubular services to ENGT's Technical Industries subsidiary.
• Hunting PLC: Provides OCTG-related services including inspection, threading, and storage to the upstream oil and gas market, directly paralleling ENGT's Technical Industries and Energy Technology Manufacturing & Threading subsidiaries. Operates at significantly larger scale and serves similar deepwater and shale customers.
• Rosen Group (Rosen RoInspect): Provides advanced NDT inspection tools and services for pipelines and tubular goods, including ultrasonic and electromagnetic inspection technologies. Directly comparable to ENGT's VisonArray/Visonic technology platform in terms of inspection methodology, though Rosen focuses more on in-line pipeline inspection than OCTG.

Broad incumbents

• Baker Hughes: Both an ENGT customer (using Visonic/VisonArray equipment) and a competitor in upstream oilfield services. Baker Hughes' completions and drilling product lines include NDT and inspection offerings that overlap with ENGT's service portfolio, but at vastly greater scale and through integrated well construction solutions.
• Intertek: Global TIC company that performs oil and gas inspection, testing, and certification services at energy infrastructure sites. Competes with ENGT in third-party inspection and quality assurance, though at much larger scale and across multiple end markets beyond OCTG.
• Applus+ (Applus Services): Global Testing, Inspection and Certification (TIC) provider with significant energy infrastructure and NDT capabilities. Operates at substantially larger scale and broader geographic footprint than ENGT, providing similar inspection, integrity, and certification services to energy operators and pipe manufacturers.
• V&M Tubulars (Tenaris): Partnered with ENGT on advanced mill inspection technology for 3D wall mapping of critical service production casing. As part of Tenaris, V&M is a much larger pipe manufacturer with in-line UT inspection capabilities that overlap with ENGT's mill and yard inspection offerings, giving it both a customer and competitor relationship with ENGT.

Others

• TH Hill Associates: Long-standing ENGT partner (>10-year relationship) that witnesses DS-1 inspections and provides third-party inspection standards oversight. While primarily an inspection standards and engineering firm rather than a direct NDT services competitor, it operates in the same oil and gas quality assurance ecosystem as ENGT's Technical Industries subsidiary.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xtwitter.com/technicalind
• Facebookfacebook.com/Energy-Technology-Corp-1599951250250837
• LinkedInlinkedin.com/company/technical-industries-inc-houston

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 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 Energy & Technology Corp. (ENGT)