BOOM » Topics » Oilfield Products

This excerpt taken from the BOOM 8-K filed Oct 29, 2009.

Oilfield Products

Third quarter sales at DMC’s Oilfield Products segment were $5.1 million versus $6.8 million in the same quarter last year. The segment reported an operating loss of $414,000 versus operating income of $725,000 in the third quarter a year ago.  Adjusted EBITDA was $498,000 versus $1.7 million in the comparable prior-year quarter.

 

This excerpt taken from the BOOM 8-K filed Jul 30, 2009.

Oilfield Products

Second quarter sales at DMC’s Oilfield Products segment were $4.0 million versus $7.9 million in the second quarter last year. The segment reported an operating loss of $906,000 versus operating income of $616,000 in the second quarter a year ago.  Second quarter adjusted EBITDA was a negative $49,000 versus a positive $1.6 million in the comparable prior-year quarter.

 

This excerpt taken from the BOOM 8-K filed Apr 30, 2009.

Oilfield Products

First quarter sales at DMC’s Oilfield Products segment were $4.0 million versus $4.5 million in the same quarter last year. The segment reported an operating loss of $694,000 versus an operating loss of $565,000 in the first quarter a year ago.  First quarter adjusted EBITDA was $154,000 versus $418,000 in the comparable prior-year quarter.

 

These excerpts taken from the BOOM 10-K filed Mar 13, 2009.

Oilfield Products

Suppliers and Raw Materials

        DYNAwell utilizes a variety of raw materials for the production of oilfield perforating and seismic products, including high quality steel tubes, steel and copper, explosives (RDX, HMX, HNS), granulates, plastics and ancillary plastic product components. DYNAwell's product line consists of complex products which require numerous high quality components. DYNAwell obtains its raw materials primarily from a number of different producers in Germany and other European countries, but also purchases materials from North American, Chinese, and other international suppliers.

    Competition

        DYNAwell faces competition from independent producers of perforating products who are not committed to the large service companies and from large oil and gas service companies, such as Halliburton and Schlumberger, who produce most of their own needs for shaped charges but buy other components from suppliers.

    Customer Profile

        Onshore and offshore oilfield service companies use our DYNAwell products. Our customers desire perforating products that satisfy both their specific needs and expectations and difficult geological realities, such as high pressures and temperatures in the bore hole, which exist in areas where perforating products and services are used. We believe that our customers must balance costs and risks for every job and that our typical DYNAwell customer possesses a conservative risk tolerance. Consequently, we believe that our customers will be more likely to trust products with proven reliability in the field and will be cautious regarding new product innovation.

        The customers for oilfield products can be divided into four broad categories: buying centers of large service companies, service companies worldwide, oil companies with and without their own service companies, and local resellers. DYNAwell's customer base includes clients from each of these categories.

10


    Marketing, Sales, Distribution

        DYNAwell's worldwide marketing and sales efforts for its oilfield and seismic products are based in Laatzen, Germany. DYNAwell's sales concept focuses on direct selling, distribution through licensed distributors and independent sales representatives, the establishment of international distribution centers to better manage high international transport costs, and educating current and potential customers about its products and technologies. Currently, DYNAwell sells its oilfield and seismic products through a U.S. distributor, Austin Explosives, and through trading joint ventures that are located in Russia (DYNAenergetics RUS), Kazakhstan (KazDYNAenergetics) and Canada (Canada Ltd.), ventures in which DYNAenergetics holds a majority interest.

    Research and Development

        DYNAwell attaches great importance to its research and development capabilities and has devoted substantial resources to its R&D programs. The R&D staff works closely with sales and operations management teams to establish priorities and effectively manage individual projects. DYNAwell won the important Spotlight on New Technology Award at the 2007 Offshore Technology Conference in Houston, Texas, for its newly developed No-Debris-Gun technology. Through this success, DYNAwell has increased its profile in the oil and gas industry. An R&D Project Plan, which focuses on new products, process support and customer paid projects, is prepared and reviewed at least annually in cooperation with the Sales, Operations and Quality departments.

Oilfield Products



Suppliers and Raw Materials





        DYNAwell utilizes a variety of raw materials for the production of oilfield perforating and seismic products, including high quality
steel tubes, steel and copper, explosives (RDX, HMX, HNS), granulates, plastics and ancillary plastic product components. DYNAwell's product line consists of complex products which require numerous
high quality components. DYNAwell obtains its raw materials primarily from a number of different producers in Germany and other European countries, but also purchases materials from North American,
Chinese, and other international suppliers.





    Competition





        DYNAwell faces competition from independent producers of perforating products who are not committed to the large service companies and
from large oil and gas service companies, such as Halliburton and Schlumberger, who produce most of their own needs for shaped charges but buy other components from suppliers.





    Customer Profile





        Onshore and offshore oilfield service companies use our DYNAwell products. Our customers desire perforating products that satisfy both
their specific needs and expectations and difficult geological realities, such as high pressures and temperatures in the bore hole, which exist in areas where perforating products and services are
used. We believe that our customers must balance costs and risks for every job and that our typical DYNAwell customer possesses a conservative risk tolerance. Consequently, we believe that our
customers will be more likely to trust products with proven reliability in the field and will be cautious regarding new product innovation.



        The
customers for oilfield products can be divided into four broad categories: buying centers of large service companies, service companies worldwide, oil companies with and without
their own service companies, and local resellers. DYNAwell's customer base includes clients from each of these categories.



10










    Marketing, Sales, Distribution





        DYNAwell's worldwide marketing and sales efforts for its oilfield and seismic products are based in Laatzen, Germany. DYNAwell's sales
concept focuses on direct selling, distribution through licensed distributors and independent sales representatives, the establishment of international distribution centers to better manage high
international transport costs, and educating current and potential customers about its products and technologies. Currently, DYNAwell sells its oilfield and seismic products through a U.S.
distributor, Austin Explosives, and through trading joint ventures that are located in Russia (DYNAenergetics RUS), Kazakhstan (KazDYNAenergetics) and Canada (Canada Ltd.), ventures in which
DYNAenergetics holds a majority interest.





    Research and Development





        DYNAwell attaches great importance to its research and development capabilities and has devoted substantial resources to its R&D
programs. The R&D staff works closely with sales and operations management teams to establish priorities and effectively manage individual projects. DYNAwell won the important Spotlight on New
Technology Award at the 2007 Offshore Technology Conference in Houston, Texas, for its newly developed No-Debris-Gun technology. Through this success, DYNAwell has increased
its profile in the oil and gas industry. An R&D Project Plan, which focuses on new products, process support and customer paid projects, is prepared and reviewed at least annually in cooperation with
the Sales, Operations and Quality departments.





This excerpt taken from the BOOM 8-K filed Mar 5, 2009.

Oilfield Products

 

Sales at DMC’s Oilfield Products segment were $8.7 million.  DMC acquired the segment as part of its Nov. 15, 2007, acquisition of Germany-based DYNAenergetics. Oilfield Products contributed $2.5 million in sales during the six weeks of 2007 it was part of DMC.   Operating income was $697,000 versus a loss from operations of $126,000 in the fourth quarter a year ago.  Fourth quarter adjusted EBITDA was $1.7 million versus $325,000 in the comparable prior-year quarter.

 

This excerpt taken from the BOOM 8-K filed Oct 30, 2008.

Oilfield Products

 

DMC’s new Oilfield Products segment recorded third quarter sales of $6.8 million and operating income of $725,000. Third quarter adjusted EBITDA was $1.7 million.

 

This excerpt taken from the BOOM 8-K filed Jul 31, 2008.

Oilfield Products

 

DMC’s new Oilfield Products segment recorded second quarter sales of $7.9 million and operating income of $616,000. Second quarter adjusted EBITDA was $1.6 million.

 

This excerpt taken from the BOOM 8-K filed May 1, 2008.

Oilfield Products

 

First quarter sales at DMC’s new Oilfield Products segment were $4.5 million.  The segment recorded a loss from operations of $565,000.  The loss was attributable to $709,000 of amortization expense associated with purchased intangible assets and lower than expected first quarter sales.  First quarter adjusted EBITDA was $418,000.

 

These excerpts taken from the BOOM 10-K filed Mar 14, 2008.

Oilfield Products

Suppliers and Raw Materials

        DYNAwell utilizes a variety of raw materials for the production of oilfield perforating and seismic products, including steel and copper, explosives (RDX, HMX, HNS), granulates, plastics and ancillary plastic product components. DYNAwell's product line consists of complex products which require numerous high quality components. DYNAwell obtains its raw materials primarily from a number of different producers in Germany and other Europe countries, but also purchases materials from North American, Chinese, and other international suppliers.

    Competition

        DYNAwell faces competition from independent producers of perforating products and from large oil and gas service companies, such as Halliburton and Schlumberger, who supply their needs for certain perforating products through in-house production.

    Customer Profile

        Onshore and offshore oilfield service companies use our DYNAwell products. Our customers desire perforating products that satisfy both their specific needs and expectations and difficult geological realities, such as high pressures and temperatures in the bore hole, which exist in areas where perforating products and services are used. We believe that our customers must balance costs and risks for every job and that our typical DYNAwell customer possesses a conservative risk tolerance. Consequently, we believe that our customers will be more likely to trust products with proven reliability in the field and will be cautious regarding new product innovation.

        The customers for oilfield products can be divided into four broad categories: buying centers of service companies, petroleum engineers, project managers, and perforating staff that work at onshore and offshore oil well sites. DYNAwell's customer base includes clients from each of these categories.

10


    Marketing, Sales, Distribution

        DYNAwell's worldwide marketing and sales efforts for its oilfield and seismic products are based in its sales office in Laatzen, Germany. DYNAwell's sales concept focuses on direct selling, distribution through licensed distributors and independent sales representatives, and the establishment of international distribution centers to better manage high international transport costs. Currently, DYNAwell sells its oilfield and seismic products through a U.S. distributor, Austin Explosives, and through trading joint ventures that are located in Russia (DYNAenergetics RUS), and Kazakhstan (KazDYNAenergetics) and Canada (Canada Ltd.) and in which DYNAenergetics holds a majority interest.

    Research and Development

        DYNAwell attaches great importance to its research and development capabilities and has devoted substantial resources to its R&D programs. The R&D staff works closely with sales and operations management teams to establish priorities and effectively manage individual projects. Recently, DYNAwell won the important Spotlight on New Technology Award at the 2007 Offshore Technology Conference ("OTC") in Houston, Texas for its newly developed No-Debris-Gun technology. Through this success, DYNAwell has increased its profile in the oil and gas industry. An R&D Project Plan, which focuses on new products, process support and customer paid projects, is prepared and reviewed at least annually in cooperation with the Sales, Operations and Quality departments.

Oilfield Products



Suppliers and Raw Materials





        DYNAwell utilizes a variety of raw materials for the production of oilfield perforating and seismic products, including steel and copper, explosives (RDX, HMX,
HNS), granulates, plastics and ancillary plastic product components. DYNAwell's product line consists of complex products which require numerous high quality components. DYNAwell obtains its raw
materials primarily from a number of different producers in Germany and other Europe countries, but also purchases materials from North American, Chinese, and other international suppliers.





    Competition





        DYNAwell faces competition from independent producers of perforating products and from large oil and gas service companies, such as Halliburton and Schlumberger,
who supply their needs for certain perforating products through in-house production.





    Customer Profile





        Onshore and offshore oilfield service companies use our DYNAwell products. Our customers desire perforating products that satisfy both their specific needs and
expectations and difficult geological realities, such as high pressures and temperatures in the bore hole, which exist in areas where perforating products and services are used. We believe that our
customers must balance costs and risks for every job and that our typical DYNAwell customer possesses a conservative risk tolerance. Consequently, we believe that our customers will be more likely to
trust products with proven reliability in the field and will be cautious regarding new product innovation.




        The
customers for oilfield products can be divided into four broad categories: buying centers of service companies, petroleum engineers, project managers, and perforating staff that work
at onshore and offshore oil well sites. DYNAwell's customer base includes clients from each of these categories.



10










    Marketing, Sales, Distribution





        DYNAwell's worldwide marketing and sales efforts for its oilfield and seismic products are based in its sales office in Laatzen, Germany. DYNAwell's sales concept
focuses on direct selling, distribution through licensed distributors and independent sales representatives, and the establishment of international distribution centers to better manage high
international transport costs. Currently, DYNAwell sells its oilfield and seismic products through a U.S. distributor, Austin Explosives, and through trading joint ventures that are located in Russia
(DYNAenergetics RUS), and Kazakhstan (KazDYNAenergetics) and Canada (Canada Ltd.) and in which DYNAenergetics holds a majority interest.





    Research and Development





        DYNAwell attaches great importance to its research and development capabilities and has devoted substantial resources to its R&D programs. The R&D staff works
closely with sales and operations management teams to establish priorities and effectively manage individual projects. Recently, DYNAwell won the important Spotlight on New Technology Award at the
2007 Offshore Technology Conference ("OTC") in Houston, Texas for its newly developed No-Debris-Gun technology. Through this success, DYNAwell has increased its profile in the
oil and gas industry. An R&D Project Plan, which focuses on new products, process support and customer paid projects, is prepared and reviewed at least annually in cooperation with the Sales,
Operations and Quality departments.





This excerpt taken from the BOOM 8-K filed Mar 6, 2008.

Oilfield Products

The six weeks of contributions from DYNAenergetics’ Oilfield Products business included revenue of $2.5 million.  The Oilfield Products business recorded a loss from operations of $0.1 million, which included the impact of acquisition-related amortization expense.

 

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