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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.
Year Acquisition / Divestiture Buyer / Seller Price Description of Assets Ref(s). 1 May 2004: Acquisition Evergreen Resources Inc. $2.1 billion in cash and stock Natural gas assets in Colorado [10] 2 April 2012: Acquisition Carmeuse Industrial Sands $297 million Producer of Hickory frac sand [9] 3 May 2013: Divestiture Sinochem Group: $1.7 billion
The company operates across four major service areas: Drilling, Surveying, Wireline, and Support. Drilling Services encompasses a wide range of technologies designed for directional drilling applications, including performance motors, measurement-while-drilling (MWD) tools, rotary steerable systems (RSS), and gyro-while-drilling (GWD) tools, the latter of which was invented by Gyrodata in 2002 ...
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.
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]
Helmerich & Payne Flex Rig drilling the Bakken. Helmerich & Payne, Inc. (/ ˈ h ɛ l m r ɪ k / HELM-rik) is an American petroleum contract drilling company engaged in oil and gas well drilling and related services for exploration and production companies [2] headquartered in Tulsa, Oklahoma, with operations throughout the world.
Nabors Industries Limited is an American global oil and gas drilling contractor that has operated since 1972. Based in Houston, Texas, Nabors operates the world’s largest land drilling rig fleet, with around 500 rigs operating in over 25 countries – in almost every significant O&G basin on the planet.
In 2010, the company acquired Frontier Drilling in a $2.16 billion cash transaction. [4] In 2014, the company distributed its interests in Paragon Offshore plc to its shareholders. [5] In July 2020, the company filed for bankruptcy; [6] it emerged from bankruptcy in February 2021. [7] In April 2021, the company acquired Pacific Drilling. [8]