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Grant Prideco, Inc. is a supplier of drill pipe and drill stem accessories headquartered in Houston, Texas.Since 2008, it has been a subsidiary of energy services company NOV Inc. Grant Prideco was included on the Fortune magazine top 1000 largest corporations for several years in the mid-2000s [1] [2] and through the 1990s and early 2000s was the world's largest oilfield drill pipe supplier.
Over the ensuing 80-some years, Smith's humble shop grew into a major operation specializing in drill bits, heavyweight collars and drill pipe, with corporate headquarters in Houston. In the mid-1980s, business faltered due to declining oil prices and the loss of a lawsuit against Hughes Tool (now part of Hughes Christensen ).
NOV Inc., formerly National Oilwell Varco, is an American multinational corporation based in Houston, Texas.It is a worldwide provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry.
Alcoa's drill pipe is composed of high-strength, aluminum alloy tube connected by a proprietary thermal joining technology, which enables conventional steel tool joints to be used with an aluminum ...
In 1949, Dresser's management was presented with an opportunity to broaden its product range beyond capital purchases. They were made aware of the potential to acquire the Magnet Cove Barium Corporation of Houston, Texas, the nation's second-largest producer of barite drilling mud.
Patterson Drilling Company was founded in 1978 by Cloyce Talbott and Glenn Patterson. [1] UTI Energy was formed in 1986 to purchase Universal Well Services, Union Supply Company, Triad Drilling Company, and International Petroleum Services Company. In 2001, Patterson Drilling acquired UTI Energy and renamed the company Patterson-UTI Energy. [3]