What The McDaniel Company does

The McDaniel Company is a privately-held, family-owned oilfield services firm founded in 1966 in Dallas, Texas, specializing in the plugging and abandonment (P&A) of oil and gas wells across a seven-state territory spanning the U.S. Southwest and Mid-Continent (Texas, New Mexico, Oklahoma, Louisiana, Kansas, Arkansas, Mississippi). The company operates four integrated service lines: turnkey P&A operations (the core business, completing over 300 wells per year for 150+ clients including independents and majors such as Apache Corporation, Chevron U.S.A., and Oryx Energy Company), site reclamation and remediation, operation of marginal/stripper wells as a recognized operator with the Railroad Commission of Texas, and pipe and equipment supply (new and used OCTG, pumping units, sucker rods).

The company's technical backbone is a proprietary turnkey P&A model that integrates regulatory filing preparation, daily operations management, daily reporting and cost tracking, tubular and equipment salvage, and final regulatory documentation under a single contract. It operates a specialized in-house plugging fleet averaging 675HP rigs suited for the deepest and most challenging environments, complemented by electromagnetic tubular imaging for inspecting recovered casing and tubing to manufacturer ratings. Primary subcontractor Royalty Well Service supplies specialized rigs (e.g., Service King 104' 350,000 lb. mast, 675 hp), and affiliate Special Energy Corporation of Stillwater, Oklahoma has co-participated in drilling, exploration, and producing-property acquisitions totaling over $500 million in cumulative transactions.

The McDaniel Company generates revenue through project-based professional services contracts (P&A, decommissioning, reclamation) and hardware sales (pipe and equipment). Go-to-market is exclusively direct field sales to enterprise oil and gas operators, supported by long-standing customer relationships, referrals, and a relationship-based sales motion. The firm is led by Executive Chairman Gary McDaniel (second generation) and President & COO Austin McDaniel (third generation), with no external investors, private equity, or parent company identified; the company has remained continuously under family ownership for nearly 60 years.

Name

The McDaniel Company

Legal name

The McDaniel Company

Website

https://themcdanielcompany.com

Company type

Private

Founded year

1966

Operating status

Operating

Short description

The McDaniel Company is a family-owned Dallas-based oilfield services firm, founded in 1966, providing turnkey plugging and abandonment, site reclamation, pipe and equipment supply, and marginal well operations for 150+ oil and gas operators across seven U.S. states.

Ownership category

akta.pro rank

Product category

Oilfield Services (Well Plugging & Abandonment)

NAICS

Drilling Oil and Gas Wells (213111), Crude Petroleum Extraction (21112), Oil and Gas Field Machinery and Equipment Manufacturing (333132), Support Activities for Mining (2131)

SIC

Oil & Gas Field Services, Nec (1389), Oil & Gas Field Machinery & Equipment (3533), Crude Petroleum & Natural Gas (1311), Drilling Oil & Gas Wells (1381)

akta.pro primary industry

Drilling & Workover Rigs (Land & Offshore) (EUALABAA)

akta.pro secondary industries

Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment) (EUALABAL), Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH)

Keywords

• Well plugging services
• Oilfield site reclamation
• Oil and gas operations
• Tubular goods supply
• Well decommissioning services

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Plugging & Abandonment Services: Core revenue stream involving turnkey P&A operations for oil and gas wells. Services include regulatory filings, daily operations management, tubular recovery and salvage, and final regulatory documentation. McDaniel plugs over 300 wells per year across a seven-state territory.
2. Pipe & Equipment Supply: Sales and distribution of new and used API tubing and casing (2-3/8" to 13-3/8" surface casing), ERW and seamless tubular products, pumping units (Lufkin, American and other manufacturers), sucker rods (licensed Norris distributor), and refurbished production equipment.
3. Oil & Gas Production & Operations: Operating producing oil & gas wells in Texas (recognized by Railroad Commission of Texas), acquiring marginal stripper wells, and participating as non-operated working interest partner in drilling and completion of wells across Texas, New Mexico, Oklahoma & Kansas.
4. Site Reclamation & Remediation: Pad reclamation and site restoration services following P&A operations, including battery wreck-out, demolition, equipment removal and hauling, and regulatory-compliant site restoration and re-vegetation.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

The McDaniel Company provides turnkey plugging and abandonment (P&A) services for oil and gas wells, including regulatory filing preparation, daily operations management, tubular and equipment salvage, and final regulatory documentation across a seven-state territory. In addition, the company operates producing oil and gas wells (primarily marginal or stripper wells in Texas), supplies new and used OCTG and production equipment, and performs site reclamation and decommissioning services. McDaniel plugs over 300 wells per year for more than 150 clients ranging from small independents to major integrated oil and gas companies.

Product overview

The McDaniel Company offers an integrated suite of oilfield services centered around four core offerings: Plugging & Abandonment Services (the primary business), Site Reclamation Services, Oil & Gas Operations, and Pipe & Equipment Supply. The company operates a proprietary turnkey plugging model that serves over 150 clients across seven states, plugging over 300 wells per year. The Plugging & Abandonment Services serve as the hub, enabling the Pipe & Equipment Supply business through pipe recovery during P&A operations, while Site Reclamation provides pad cleanup services after well decommissioning. Oil & Gas Operations leverage the company's low-cost operating model to profitably manage marginal wells, often acquired with P&A liability from majors divesting non-core properties.

Differentiator

Problem solved

Functional benefit

Products and services

• Plugging & Abandonment Services

Quantifiable outcome

• 300+ wells plugged per year
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Royalty Well ServicecoreImplementation/ SI/ Consulting PartnerRoyalty Well Service serves as McDaniel's primary plugging subcontractor. In conjunction with Royalty Well Service, The McDaniel Company offers a wide range of services to meet well abandonment needs, inclusive of all rigs, equipment, personnel and materials. Royalty Well Service provides specialized P&A rigs (e.g., Service King 104' 350,000 lb. mast, 675 hp, 300,000 lb. hook load rig) that complement McDaniel's turnkey P&A model.
• Special Energy CorporationcoreStrategic or Co-development PartnerSpecial Energy Corporation of Stillwater, Oklahoma is McDaniel's close affiliate for oil & gas drilling and exploration activities. The two companies have participated in numerous drilling and exploration activities, buying primarily from majors and large independents. Each company brings a unique skill set to the evaluation and management of oil & gas producing assets. The relationship has culminated in successful transactions totaling over $500 million.
• Bureau of Land ManagementminorOthersMcDaniel has worked with the Bureau of Land Management on pad and location reclamation projects to ensure regulatory-compliant restoration of federal lands to native state condition.
• New Mexico Office of ConservationminorOthersMcDaniel has worked with the New Mexico Office of Conservation on site reclamation and remediation work plans for wells on state-managed lands.
• Texas Railroad CommissionminorOthersThe McDaniel Company is recognized by the Texas Railroad Commission as an operator of oil & gas wells across Texas. McDaniel has also worked with the Texas Railroad Commission on regulatory-compliant pad reclamation and site restoration.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Key Energy Services: Key Energy Services is one of the largest US providers of onshore well services including workover rigs, plug and abandonment, and wellsite services. It directly competes with McDaniel in P&A rig-based well abandonment across the Permian and other active US basins.
• Wellbore Integrity Solutions: Wellbore Integrity Solutions (formerly BJ Services' P&A division, backed by Bernhard Capital) is a pure-play provider of plugging and abandonment, wellbore isolation, and downhole tooling services across North America. It is the closest direct competitor to McDaniel's core turnkey P&A offering, serving both major and independent operators.
• RPC Inc. (Cudd Energy Services): RPC operates Cudd Energy Services, which provides pressure pumping and wellsite services including plug and abandonment across the southern US. RPC's pressure pumping and wellsite segments overlap with McDaniel's P&A and reclamation offerings across Texas, Louisiana, and Oklahoma.

Broad incumbents

• SLB (Schlumberger): SLB is the world's largest oilfield services company with end-to-end capabilities in drilling, completions, production, and increasingly well decommissioning. Its integrated digital and wellsite services overlap with McDaniel's broader oilfield services footprint.
• Halliburton: Halliburton is a global oilfield services major with a well construction, completion, and decommissioning service line. Its North American operations and integrated offering create competitive pressure on McDaniel's turnkey P&A work with major-operator clients like Apache and Chevron.
• Baker Hughes: Baker Hughes provides well construction, completions, and production solutions with growing emphasis on well abandonment and emissions management. Its full-portfolio offering competes with McDaniel in turnkey decommissioning bids to larger operators.
• Patterson-UTI Energy: Patterson-UTI (combined with NexTier Oilfield Solutions) operates one of the largest US land drilling rig and pressure pumping fleets and increasingly provides wellsite services including workover and abandonment. It competes with McDaniel for similar customers in the Permian and Mid-Continent.
• Expro Group: Expro is a global oilfield services incumbent with a meaningful North American well construction, intervention, and abandonment portfolio. While its primary focus is broader upstream services, its well abandonment and downhole tooling capabilities directly overlap with McDaniel's turnkey P&A model.

Emerging players

• Tenaris: Tenaris is a leading global manufacturer and supplier of seamless and welded OCTG tubular products. As the dominant upstream pipe producer, it serves the same upstream drilling and P&A workflow as McDaniel's pipe and equipment supply segment across the Permian and broader US shale market.
• Hunting Energy Services: Hunting manufactures and supplies OCTG, downhole tooling, and pressure control equipment used in P&A operations. Its tubular products and wellhead systems directly overlap with McDaniel's pipe and equipment supply business and indirectly serve the same plugging fleet operators.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/themcdco

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 The McDaniel Company