Drilling Tools International
Drilling Tools International, founded in 1984, is a publicly traded company on Nasdaq (DTI) that provides a wide range of downhole tools and services for the land and offshore drilling markets.
Company History
Drilling Tools International, founded in 1984, has built a reputation in the drilling sector over the decades. The company is publicly traded on Nasdaq under the ticker symbol DTI. Throughout its history, it has grown both organically and through acquisitions, such as the purchase of the UK-based Deep Casing Tools, a leader in innovative downhole technology solutions. Drilling Tools International continues to expand its footprint with operations in North America, Europe, and the Middle East.
Products and Services
Drilling Tools International offers a diverse range of products and services to the land and offshore drilling markets. The company provides downhole tools, surface control equipment, engineering support, and product development across multiple segments in drilling, completion, and production. Their product lineup includes directional tool rentals, stabilizers, drill collars, hole openers, downhole filters, sub assemblies, and various drilling accessories. Additionally, they maintain a fleet of over 65,000 rental tools and offer hardbanding services, Kemplate application, grinding, and hardfacing services.
Global Operations
Drilling Tools International operates from 22 different locations spread across North America, Europe, and the Middle East. Their infrastructure supports a large fleet of over 65,000 rental tools. The company also operates a 30,500-square-foot manufacturing facility in Louisiana, where they manufacture and refurbish downhole drilling tools and accessories. By maintaining a strong presence in major drilling markets, they ensure accessibility and serviceability to their global customer base.
Environmental and Social Responsibility
Drilling Tools International shows a strong commitment to environmental sustainability and social responsibility. The company implements a comprehensive Environmental, Social, and Governance (ESG) policy to ensure adherence to high standards in these areas. Their initiatives and policies aim to reduce environmental impact and foster positive social outcomes. Through these commitments, Drilling Tools International aligns itself with modern industry standards and expectations for corporate responsibility.