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These excerpts taken from the OIS 10-K filed Feb 20, 2009. Overview
During the year ended December 31, 2008, we generated
approximately 33% of our revenue and 52% of our operating
income, before corporate charges, from our Well Site Services
segment. Our well site services segment includes a broad range
of products and services that are used to establish and maintain
the flow of oil and gas from a well throughout its lifecycle and
to accommodate personnel in remote locations. Our operations
include land drilling services, work force accommodations and
associated services and rental tools. We use our fleet of
drilling rigs, rental equipment and work force accommodation
facilities to serve our customers at well sites and project
development locations. Our products and services are used in
both onshore and offshore applications throughout the
exploration, development and production phases of a well’s
life. Additionally, our work force accommodations and
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associated services are employed to support work forces in the
oil sands and a variety of mining and related natural resource
applications as well as forest fire fighting and disaster relief
efforts.
Overview During the year ended December 31, 2008, we generated approximately 33% of our revenue and 52% of our operating income, before corporate charges, from our Well Site Services segment. Our well site services segment includes a broad range of products and services that are used to establish and maintain the flow of oil and gas from a well throughout its lifecycle and to accommodate personnel in remote locations. Our operations include land drilling services, work force accommodations and associated services and rental tools. We use our fleet of drilling rigs, rental equipment and work force accommodation facilities to serve our customers at well sites and project development locations. Our products and services are used in both onshore and offshore applications throughout the exploration, development and production phases of a well’s life. Additionally, our work force accommodations and
Table of Contentsassociated services are employed to support work forces in the oil sands and a variety of mining and related natural resource applications as well as forest fire fighting and disaster relief efforts. Overview
During the year ended December 31, 2008, we generated
approximately 18% of our revenue and 22% of our operating
income, before corporate charges, from our offshore products
segment. Through this segment, we design and manufacture a
number of cost-effective, technologically advanced products for
the offshore energy industry. In addition, we have other lower
margin products and services such as fabrication and inspection
services. Our products and services are used in both shallow and
deepwater producing regions and include flex-element technology,
advanced connector systems, blow-out preventor stack integration
and repair services, deepwater mooring and lifting systems,
offshore equipment and installation services and subsea pipeline
products. We have facilities in Arlington, Houston and Lampasas,
Texas; Houma, Louisiana; Tulsa, Oklahoma; Scotland; Brazil;
England; Singapore and Thailand that support our offshore
products segment.
Overview During the year ended December 31, 2008, we generated approximately 18% of our revenue and 22% of our operating income, before corporate charges, from our offshore products segment. Through this segment, we design and manufacture a number of cost-effective, technologically advanced products for the offshore energy industry. In addition, we have other lower margin products and services such as fabrication and inspection services. Our products and services are used in both shallow and deepwater producing regions and include flex-element technology, advanced connector systems, blow-out preventor stack integration and repair services, deepwater mooring and lifting systems, offshore equipment and installation services and subsea pipeline products. We have facilities in Arlington, Houston and Lampasas, Texas; Houma, Louisiana; Tulsa, Oklahoma; Scotland; Brazil; England; Singapore and Thailand that support our offshore products segment. Overview
During the year ended December 31, 2008, we generated
approximately 50% of our revenue and 26% of our operating
income, before corporate charges, from our tubular services
segment. Through this segment, we distribute
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OCTG and provide associated OCTG finishing and logistics
services to the oil and gas industry. OCTG consist of downhole
casing and production tubing. Through our tubular services
segment, we:
We serve a customer base ranging from major oil and gas
companies to small independents. Through our key relationships
with more than 20 domestic and foreign manufacturers and related
service providers and suppliers of OCTG, we deliver tubular
products and ancillary services to oil and gas companies,
drilling contractors and consultants predominantly in the United
States. The OCTG distribution market is highly fragmented and
competitive, and is focused in the United States. We purchase
tubular goods from a variety of sources. However, during 2008,
we purchased from a single domestic supplier 58% of the total
tubular goods we purchased and from three domestic suppliers
approximately 75% of such tubular goods. Since the fourth
quarter of 2008, we have reduced our forward purchase
commitments for OCTG considering the decline in drilling
activity.
Overview During the year ended December 31, 2008, we generated approximately 50% of our revenue and 26% of our operating income, before corporate charges, from our tubular services segment. Through this segment, we distribute
Table of ContentsOCTG and provide associated OCTG finishing and logistics services to the oil and gas industry. OCTG consist of downhole casing and production tubing. Through our tubular services segment, we:
We serve a customer base ranging from major oil and gas companies to small independents. Through our key relationships with more than 20 domestic and foreign manufacturers and related service providers and suppliers of OCTG, we deliver tubular products and ancillary services to oil and gas companies, drilling contractors and consultants predominantly in the United States. The OCTG distribution market is highly fragmented and competitive, and is focused in the United States. We purchase tubular goods from a variety of sources. However, during 2008, we purchased from a single domestic supplier 58% of the total tubular goods we purchased and from three domestic suppliers approximately 75% of such tubular goods. Since the fourth quarter of 2008, we have reduced our forward purchase commitments for OCTG considering the decline in drilling activity. These excerpts taken from the OIS 10-K filed Feb 22, 2008. Overview
During the year ended December 31, 2007, we generated
approximately 41% of our revenue and 12% of our operating
income, before corporate charges, from our tubular services
segment. Through this segment, we distribute OCTG and provide
associated OCTG finishing and logistics services to the oil and
gas industry. OCTG consist of downhole casing and production
tubing. Through our tubular services segment, we:
We serve a customer base ranging from major oil companies to
small independents. Through our key relationships with more than
20 domestic and foreign manufacturers and related service
providers and suppliers of OCTG we deliver tubular products and
ancillary services to oil and gas companies, drilling
contractors and consultants predominantly in the United States.
The OCTG distribution market is highly fragmented and
competitive, and is focused in the United States. We purchase
tubular goods from a variety of sources. However, during 2007,
we purchased from a single domestic supplier 61% of the tubular
goods we distributed and from three domestic suppliers
approximately 81% of such tubular goods.
Overview During the year ended December 31, 2007, we generated approximately 41% of our revenue and 12% of our operating income, before corporate charges, from our tubular services segment. Through this segment, we distribute OCTG and provide associated OCTG finishing and logistics services to the oil and gas industry. OCTG consist of downhole casing and production tubing. Through our tubular services segment, we:
We serve a customer base ranging from major oil companies to small independents. Through our key relationships with more than 20 domestic and foreign manufacturers and related service providers and suppliers of OCTG we deliver tubular products and ancillary services to oil and gas companies, drilling contractors and consultants predominantly in the United States. The OCTG distribution market is highly fragmented and competitive, and is focused in the United States. We purchase tubular goods from a variety of sources. However, during 2007, we purchased from a single domestic supplier 61% of the tubular goods we distributed and from three domestic suppliers approximately 81% of such tubular goods. This excerpt taken from the OIS 10-K filed Feb 28, 2007. Overview
During the year ended December 31, 2006, we generated
approximately 46% of our revenue and 21% of our operating
income, before corporate charges, from our tubular services
segment. Through this segment, we distribute OCTG and provide
associated OCTG finishing and logistics services to the oil and
gas industry. OCTG consist of downhole casing and production
tubing. Through our tubular services segment, we:
We serve a customer base ranging from major oil companies to
small independents. Through our key relationships with more than
20 domestic and foreign manufacturers and related service
providers and suppliers of OCTG, we deliver tubular products and
ancillary services to oil and gas companies, drilling
contractors and consultants predominantly in the United States.
The OCTG distribution market is highly fragmented and
competitive, and is focused in the United States. We purchase
tubular goods from a variety of sources. However, during 2006,
we purchased from a single domestic supplier 46% of the tubular
goods we distributed and from three domestic suppliers
approximately 79% of such tubular goods.
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