OGFJ RANKS US-BASED, PUBLICLY-TRADED OFS COMPANIES BY REVENUE
NO. 1: SCHLUMBERGER LIMITED (NYSE: SLB)
Principal offices: Houston, Paris, The Hague
Top executive: Paal Kibsgaard, chairman and CEO
Primary focus: The acknowledged leader in OFS in North America and globally, Schlumberger supplies technology, information solutions, and integrated project management that optimize reservoir performance. Has 125 research and engineering facilities worldwide and invested $1 billion in R&E in 2015. Workforce peaked at 130,000 in 2014; has cut 34,000 jobs since then. Schlumberger's $12.7 billion buyout of Cameron is expected to close 1Q16.
Total gross revenue: $35.5 billion in 2015 (down 27% from 2014)
Net income: $2.1 billion in 2015 (down 60% from 2014)
NO. 2: HALLIBURTON (NYSE: HAL)
Headquarters: Houston and Dubai
Top executive: David J. Lesar, chairman, president and CEO
Primary focus: Halliburton operates in two divisions - drilling and evaluation and completion and production. The company's consulting and project management group works across both divisions. Halliburton has about 65,000 employees, and its long-awaited $35 billion acquisition of Baker Hughes is expected to close in 2016.
Total gross revenue: $23.6 billion in 2015 (down 28% from 2014)
Net income: $1.3 billion in 2015 (down 62% from 2014)
NO. 3: NATIONAL OILWELL VARCO INC. (NYSE: NOV)
Headquarters: Houston
Top executive: Clay C. Williams, chairman, president and CEO (since March 2014)
Primary focus: NOV designs, manufactures, and sells equipment and components used in oil and gas drilling and production operations, the provision of oilfield services, and supply chain integration services to the worldwide upstream oil and gas industry. The firm employs about 63,000 people.
Total gross revenue: $21.4 billion (2014 figures; 2015 N/A at press time)
Net income: $2.5 billion (2014 figures; 2015 N/A at press time)
NO. 4: BAKER HUGHES INC. (NYSE: BHI)
Headquarters: Houston
Top executive: Martin S. Craighead, chairman and CEO
Primary focus: Provides oilfield services, products, technology, and systems to the worldwide oil and natural gas industry. Also provides industrial and other products and services to the downstream refining, process, and pipeline industries. Approx. 49,000 employees. CEO comment: "We are fully dedicated to closing the merger (with Halliburton) as early as possible...I am pleased with our retention rates and strong talent base in spite of the uncertainty."
Total gross revenue: $15.7 billion in 2015 (down 37% from 2014)
Adjusted net loss: $209 million for 2015 (compared to net income of $1.8 billion in 2014)
NO. 5: WEATHERFORD INTERNATIONAL PLC (NYSE: WFT)
Headquarters: Baar, Switzerland
Main operations: Houston
Top executive: Bernard J. Duroc-Danner, chairman, president and CEO
Primary focus: Weatherford is a multinational OFS company that provides innovative solutions, technology, and services to the oil and gas industry. The company operates in more than 100 countries and employs about 42,800 people.
Total gross revenue: $14.9 billion (2014 figures; 2015 N/A at press time)
Net loss: $539 million (2014 figures; 2015 N/A at press time)
NO. 6: CAMERON (NYSE: CAM)
Headquarters: Houston
Top executive: Scott Rowe, president and CEO
Primary focus: Provides flow equipment products, systems, and services to worldwide oil, gas, and process industries. OneSubsea is a Cameron-Schlumberger company. Schlumberger's $12.7 billion buyout of Cameron is expected to close 1Q16.
Total gross revenue: $10.4 billion (2014 figures; 2015 N/A at press time)
Net income: $848 million (2014 figures; 2015 N/A at press time)
NO. 7: FMC TECHNOLOGIES INC. (NYSE: FTI)
Headquarters: Houston
Top executive: John T. Gremp, chairman and CEO
Primary focus: FMC is an American global provider of equipment and services for the energy industry, and is a leader is subsea systems. The company has approximately 19,700 employees and operates 30 production facilities in 16 countries.
Total gross revenue: $7.9 billion (2014 figures; 2015 N/A at press time)
Net income: $1.2 billion (2014 figures; 2015 N/A at press time)
NO. 8: OCEANEERING INTERNATIONAL INC. (NYSE: OII)
Headquarters: Houston
Top executive: John R. Huff, chairman, and M. Kevin McEvoy, CEO
Primary focus: Oceaneering is a global provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense, entertainment, and aerospace industries.
Total gross revenue: $3.7 billion (2014 figures; 2015 N/A at press time)
Net Income: $428 million (2014 figures; 2015 N/A at press time)
NO. 9: EXTERRAN CORPORATION (NYSE: EXTN)
Headquarters: Houston
Top executive: Andrew Way, president and CEO
Primary focus: Exterran Corporation is a provider of oil and gas production equipment, natural gas compression, produced water treatment solutions, and gas processing and treating for the global oil and gas industry. The company has about 7,000 employees worldwide.
Total gross revenue: $2.2 billion (2014 figures; 2015 N/A at press time)
Net income: $153 million (2014 figures; 2015 N/A at press time)
NO. 10: SEVENTY SEVEN ENERGY INC. (NYSE: SSE)
Headquarters: Oklahoma City, OK
Top executive: Jerry Winchester, CEO
Primary focus: SSE is a diversified oilfield services company that provides a wide range of wellsite services and equipment to US land-based E&P customers operating in unconventional resource plays. Through an umbrella of affiliates, the company provides comprehensive upstream services, including drilling, pressure pumping, and oilfield rental tools.
Total gross revenue: $2.1 billion (2014 figures; 2015 N/A at press time)
Net loss: $8.0 million (2014 figures; 2015 N/A at press time)
NO. 11: OIL STATES INTERNATIONAL INC. (NYSE: OIS)
Headquarters: Houston
Top executive: Cindy B. Taylor, president and CEO
Primary focus: Oil States International manufactures products for deepwater production facilities and certain drilling equipment and provides completion services and land drilling services to the oil and gas industry.
Total gross revenue: $1.8 billion (2014 figures; 2015 N/A at press time)
Net income: $127 million (2014 figures; 2015 N/A at press time)
NO. 12: FORUM ENERGY TECHNOLOGIES (NYSE: FET)
Headquarters: Houston
Top executive: Christopher Gaut, chairman and CEO
Primary focus: Forum Energy Technologies is a global oilfield products company, serving the subsea, drilling, completion, production, and infrastructure sectors of the oil and natural gas industry. Forum's products include highly engineered capital equipment as well as products that are consumed in the drilling, well construction, production and transportation of oil and gas.
Total gross revenue: $1.7 billion (2014 figures; 2015 N/A at press time)
Net income: $174 million (2014 figures; 2015 N/A at press time)
NO. 13: DXP ENTERPRISES INC. (NASDAQ: DXPE)
Headquarters: Houston
Top executive: David R. Little, chairman and CEO
Primary focus: DXP Enterprises, Inc. is a major products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada, and Mexico.
Total gross revenue: $1.499 billion (2014 figures; 2015 N/A at press time)
Net income: $96 million (2014 figures; 2015 N/A at press time)
NO. 14: TIDEWATER INC. (NYSE: TDW)
Headquarters: New Orleans
Top executive: Jeffrey M. Platt is president and CEO
Primary focus: Tidewater is the leading provider of larger Offshore Service Vessels (OSVs) in the global oil and gas industry with locations on six continents. The company has more than 300 vessels with highly trained and experienced crews, and provides full technical support.
Total gross revenue: $1.496 billion (2015 fiscal year ending 3/31/15)
Net loss: $65 million (2015 fiscal year ending 3/31/15)
NO. 15: BASIC ENERGY SERVICES INC. (NYSE: BAS)
Headquarters: Fort Worth, TX
Top executives: Steven A. Webster is chairman and T. M. "Roe" Patterson is president and CEO
Primary focus: Basic Energy Services focuses on well servicing, fluid services, pumping services, rental/fishing tools, coil tubing, snubbing services, saltwater disposal, wireline, and contract drilling.
Total gross revenue: $1.491 billion (2014 figures; 2015 N/A at press time)
Net loss: $8.3 million (2014 figures; 2015 N/A at press time)
NO. 16: KEY ENERGY SERVICES INC. (NYSE: KEG)
Headquarters: Houston
Top executives: Richard J. Alario is CEO and Robert Drummond is president and COO
Primary focus: Key Energy Services offers clients a comprehensive array of onshore energy production services and solutions backed by decades of oilfield experience and industry knowledge. The company has about 8,500 people worldwide and services customers in the Americas, Russia, and the Middle East.
Total gross revenue: $1.4 billion (2014 figures; 2015 N/A at press time)
Net income: $30.2 million (2014 figures; 2015 N/A at press time)
NO. 17: RPC INC. (NYSE: RES)
Headquarters: Atlanta, GA
Top executive: Richard A. Hubbell, president and CEO
Primary focus: RPC provides oilfield services and equipment to independent and major oilfield companies in exploration, production, and development of oil and gas properties, domestically and in selected international markets. RPC offers a wide range of oil and gas services required throughout the life cycle of a well.
Total gross revenue: $1.3 billion in 2015 (down 46% from 2014)
Net loss: $153 million in 2015 (compared to net income of $399 million in 2014)
NO. 18: SUPERIOR ENERGY SERVICES INC. (NYSE: SPN)
Headquarters: Houston
Top executive: David Dunlap, president and CEO
Primary focus: Superior Energy Services serves the drilling, completion, and production-related needs of oil and gas companies worldwide through its drilling products and its integrated completion and well intervention services and tools, supported by an engineering staff that plans and designs solutions for customers.
Total gross revenue: $1.2 billion (2014 figures; 2015 N/A at press time)
Net income: $73.4 million (2014 figures; 2015 N/A at press time)
NO. 19: NEWPARK RESOURCES INC. (NYSE: NR)
Headquarters: The Woodlands, TX
Top executive: Paul Howes, president and CEO
Primary focus: Newpark Resources is a worldwide provider of drilling fluids, temporary worksites, and access roads for oilfield and other commercial markets.
Total gross revenue: $1.118 billion (2014 figures; 2015 N/A at press time)
Net income: $79 million (2014 figures; 2015 N/A at press time)
NO. 20: EMERGE ENERGY SERVICES LP (NYSE: EMES)
Headquarters: Southlake, TX
Top executive: Ted W. Beneski is chairman, and Rick Shearer is CEO
Primary focus: Emerge Energy Services is a growth-oriented limited partnership engaged in the businesses of mining, producing, and distributing silica sand, a key input for the hydraulic fracturing of oil and natural gas wells. The company also processes transmix, distributes refined motor fuels, operates bulk motor fuel storage terminals, and provides complementary fuel services. Emerge Energy operates its sand segment through its subsidiary Superior Silica Sands LLC and its fuel segment through its subsidiaries Direct Fuels LLC and Allied Energy Co. LLC.
Total gross revenue: $1.111 billion (2014 figures; 2015 N/A at press time)
Net income: $89 million (2014 figures; 2015 N/A at press time)
NO. 21: HELIX ENERGY SOLUTIONS GROUP INC. (NYSE: HLX)
Headquarters: Houston
Top executive: Owen Kratz, president and CEO
Primary focus: Helix Energy Solutions is an international offshore energy company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations.
Total gross revenue: $1.107 billion (2014 figures; 2015 N/A at press time)
Net income: $195 million (2014 figures; 2015 N/A at press time)
NO. 22: DRIL-QUIP INC. (NYSE: DRQ)
Headquarters: Houston
Top executives: John V. Lovoi, chairman, and Blake T. DeBerry, president and CEO
Primary focus: Dril-Quip manufactures offshore drilling and production equipment for use in deepwater, harsh environments, and severe service applications. Principal products consist of subsea and surface wellheads, subsea and surface production trees, mudline hanger systems, specialty connectors and associated pipe, drilling and production riser systems, wellhead connectors and diverters.
Total gross revenue: $931 million (2014 figures; 2015 N/A at press time)
Net income: $209 million (2014 figures; 2015 N/A at press time)
NO. 23: CORE LABORATORIES N.V. (NYSE: CLB US) (EURONEXT AMSTERDAM: CLB NA)
Headquarters: Houston and Amsterdam
Top executive: David M. Demshur, chairman, president and CEO
Primary focus: Core Laboratories, Inc. is a major provider of core and fluid analysis in the petroleum industry. Specialties include basic rock properties, special core analysis, and PVT characterization of reservoir fluids.
Total gross revenue: $798 million in 2015 (down 27% from 2014)
Net income: $115 million in 2015 (down 56% from 2014)
NO. 24: CARBO CERAMICS INC. (NYSE: CRR)
Headquarters: Houston
Top executive: Gary Kolstad, CEO
Primary focus: Carbo provides production enhancement and environmental services solutions. The production enhancement solutions help OFS companies and E&P clients increase the production of oil and natural gas wells and achieve higher ultimate recovery rates. Carbo also provides high-performance spill prevention and containment solutions.
Total gross revenue: $368.8 million in 2015 (down 57% from 2014)
Net loss: $109.5 million in 2015 (compared to net income of $55.6 million in 2014)
NO. 25: FLOTEK INDUSTRIES INC. (NYSE: FTK)
Headquarters: Houston
Top executive: John Chisholm, chairman, president, and CEO
Primary focus: Flotek is a Houston-based oilfield technologies company with a focus on value-added drilling, completion, and production products. The company delivers its products and services through a network of field offices in key basins across North America and through strategic partnerships internationally.
Total gross revenue: $334 million for 2015 (down 26% from 2014)
Net loss: $13.5 million for 2015 (down from $54 million in net income in 2014)
NO. 26: DAWSON GEOPHYSICAL CO. (NASDAQ: DWSN)
Headquarters: Midland, TX
Top executive: Stephen C. Jumper, chairman, president and CEO
Primary focus: Dawson Geophysical is a provider of onshore seismic data acquisition services in North America. The company acquires and processes 2-D, 3-D, and multi-component seismic data clients that range from major oil and gas companies to independent oil and gas operators as well as providers of multi-client data libraries. On Feb. 11, 2015, Dawson completed a strategic business combination with TGC Industries Inc., formerly listed as TGE.
Total gross revenue: $118.8 million (2014 figures; 2015 N/A at press time)
Net loss: $9.5 million (2014 figures; 2015 N/A at press time)
NO. 27: GEOSPACE TECHNOLOGIES (NASDAQ: GEOS)
Headquarters: Houston
Top executive: Walter R. "Rick" Wheeler, president and CEO
Primary focus: Geospace Technologies designs and manufactures scientific instrumentation and equipment used by the global petroleum industry to acquire more seismic data in new and better ways. Geospace Technologies' instruments and equipment collect seismic data that in turn creates images of potential or existing oil-and gas-bearing formations in the earth's subsurface.
Total gross revenue: $85 million (2015 fiscal year ending 9/30/15)
Net loss: $33 million (2015 fiscal year ending 9/30/15)
NOTE: This list does not include drilling companies, transportation companies, or companies that do not maintain either headquarters or main operations in the United States.
