T-3 ENERGY SERVICES INC

T-3 ENERGY SERVICES INC

Previous company name
INDUSTRIAL HOLDINGS INC
Name change date

Company Overview
T-3 Energy Services, Inc. is a publicly quoted company engaged in the design, manufacture, repair, and service of products used in the drilling and completion of new oil and gas wells. The company was formerly known as Industrial Holdings, Inc. It was founded in 1989 and has its registered headquarters based in Houston, Texas. The company is traded on the NASDAQ National Market under the ticker symbol “TTES”.
T-3 Energy Services provides strong support for oil and gas operators active in the United States, Canada, and Mexico. It offers pressure and flow control products, such as blow-out preventers, blow-out preventer control systems, elastomer products, manifolds, and control valves, as well as production, drilling, and well service chokes that are used in the drilling, completion, production, and work over of onshore and offshore oil and gas wells. In addition the company also offers aftermarket parts and services, such as repair and remanufacture of blow-out preventers, valves, and other products; and installation and repair of wellhead and pipeline products.
Its clientele is made up of drilling contractors, exploration and production companies and pipeline companies, which include Nabors Drilling International, Grey Wolf Drilling, Diamond Offshore Drilling, Trinidad Drilling, Ensign, Noble Drilling, GlobalSantaFe, Marathon Petroleum Company and Exxon Mobil Corporation, among others.
T-3 Energy Services’ main goal is to provide its clients with timely, innovative solutions to their needs and with a higher level of service than the industry standard.
Business Summary
T-3 Energy Services, Inc. (T-3) designs, manufactures, repairs and services products used in the drilling and completion of new oil and gas wells, the workover of existing wells, and the production and transportation of oil and gas. The Company’s products are used in both onshore and offshore applications throughout the world. The Company’s customer base consists of other oilfield service companies, independent oil and gas companies, national energy companies and pipeline companies. On January 24, 2008, the Company acquired Pinnacle, located in Oklahoma City, Oklahoma, which assembles tests, installs and performs repairs on wellhead production products primarily in Oklahoma. On March 4, 2009, the Company purchased the assets of the surface wellhead business of Azura Energy Systems Surface, Inc.
Description and history
T-3 Energy Services, Inc. (T-3), incorporated in October 1999, designs, manufactures, repairs and services products used in the drilling and completion of new oil and gas wells, the workover of existing wells, and the production and transportation of oil and gas. The Company’s products are used in both onshore and offshore applications throughout the world. The Company’s customer base consists of other oilfield service companies, independent oil and gas companies, national energy companies and pipeline companies. On January 24, 2008, the Company acquired Pinnacle, located in Oklahoma City, Oklahoma, which assembles tests, installs and performs repairs on wellhead production products primarily in Oklahoma. On March 4, 2009, the Company purchased the assets of the surface wellhead business of Azura Energy Systems Surface, Inc.

As of March 5, 2010, the Company had 25 facilities, 24 of which were located throughout North America and one of which was located in India. The Company has three product lines: pressure and flow control, wellhead and pipeline, which generated 74%, 20% and 6% of its total revenue, respectively, for the year ended December 31, 2009. The Company offers original equipment products and aftermarket parts and services for each product line. Aftermarket parts and services include all remanufactured products and parts, repair and field services. Original equipment products generated 83% and aftermarket parts and services generated 17% of total revenues for the year ended December 31, 2009. In January 2011, Robbins & Myers, Inc. acquired the Company.

Pressure and Flow Control

The Company designs, manufactures and provides aftermarket parts and services for pressure and flow control products used in the drilling, completion, production and workover of onshore, offshore and subsea applications. Its pressure and flow control products include: blow-out preventers (BOPs); BOP control systems; elastomer products; production, drilling and well service chokes; manifolds, and high pressure gate valves.

Wellhead

The Company designs, manufactures and provides aftermarket parts and services for wellhead equipment used for onshore oil and gas production. Its wellhead products include wellheads, production chokes and production valves. Wellhead products are sold to oil and gas producers and are used during both the drilling and completion phases of an oil or gas well, as well as during the productive life of a well.

Pipeline

The Company designs, manufactures and provides aftermarket parts and services for a variety of valves primarily for onshore pipeline applications. Its pipeline products include a variety of valves for pipeline applications, including low pressure gate, ball, control and check valves. Its pipeline valves and related products are used in field or gathering systems and in interstate pipeline transmission systems.

The Company competes with Cameron International Corporation, National Oilwell Varco, Inc., GE Oil & Gas Group (including Vetco Gray and Hydril) and FMC Technologies.

Formerly known as Industrial Holdings, Inc

Business Line
Engaged in the design, manufacture, repair, and service of products used in the drilling and completion of new oil and gas wells
Subsidiary
CONTROL PRODUCTS OF LOUISIANA, INC.
Advisor
ERNST & YOUNG LLP
IPO date
1/1/1900
US SIC Code
1389
Company Address
7135, Ardmore

City province or state postal code
77054, HOUSTON, TX
Phone: +1 713 996 4110
Fax: +1 713 690 9875
Country address: UNITED STATES OF AMERICA
Website url: www.t3energyservices.com