Oil states international, inc. ois

INCORPORATION AND CONSOLIDATION: 1995–99

Zarrow’s expanding operations were incorporated as CE Holdings, Inc. in July 1995. Soon after, the firm acquired another oilpatch supply store chain called Continental Emsco Company, based in Garland, Texas. The deal included Continental’s offshore products subsidiary, Oil States Industries, Inc. The following May, in 1996, Oil States bought the construction unit of Hunting Oilfield Services, Ltd., an offshore oil and gas products and services company. In November, the growing CE Holdings changed its name to Conemsco, Inc., to better reflect its operations. The company’s headquarters was established in Houston with SCF Partners, an energy services and equipment investment firm founded and run by L. E. Simmons, owning the majority of the operations.

Conemsco continued to buy compatible companies in 1997 including HydroTech Systems, Inc., a manufacturer of offshore products; Skagit Products and Smatco Industries Inc., deep sea product manufacturers; and Gregory Rig Service & Sales Inc., which supplied drilling equipment and services. By early the following year, Conemsco bought Subsea Ventures, Inc. for its offshore rig work and Klaper (UK) Limited, another firm devoted to preventative maintenance and product supply for offshore drilling.

In 1999 Conemsco sold its tubular goods unit to the Oklahoma-based Sooner, Inc. and prepared to evolve from a privately held collection of companies to a public corporation with worldwide aspirations. To accomplish these goals, Douglas E. Swanson was hired as Conemsco’s new president and chief executive officer effective the following January. Swanson had previously served as president of the Houston-based Cliffs Drilling Company, leaving upon its acquisition by R&B Falcon Corporation (itself later sold to offshore drilling giant Transocean Inc.). Conemsco finished 1999 with revenues of $487.4 million and net income of $8.9 million.

News

CASE STUDY Pipeline Repair: Deepwater Intervention

September 2, 2021

CASE STUDY Pipeline Repair: Deepwater Intervention Proven intervention techniques reach new depths; shaving months off “First Oil” Pipeline intervention techniques use hot tapping at a depth of 4300-ft. to bring new product to market while saving the client money, time and resources CaseStudy_Pipeline Repair_Final For more information about Oil States Industries, please contact: Brian Mizell Oil States Industries, Inc. Vice President, Marketing and Business Development +1- 817-804-7103 SOURCE: Oil States IndustriesRead More: CASE STUDY Pipeline Repair: Deepwater Intervention

Oil States Has Entered into a Letter of Intent for a Deepsea Mineral Gathering Study

May 26, 2021

ARLINGTON, TX: May 26, 2021 – Oil States Industries, Inc. (OSI) is pleased to announce that during the first quarter of 2021, it has entered into a Letter of Intent (LOI) with Green Minerals AS for a Deepsea Mineral Gathering project. The LOI covers a front-end engineering & design (FEED) study as the first step to delivering a complete Harsh Environment Deepsea Mineral Gathering System for the Norwegian waters. RiserTec, an independent division of OSI specializing in riser system engineering and associated global riser analysis (GRA), will lead the FEED study. RiserTec has extensive knowledge and experience of numerous…Read More: Oil States Has Entered into a Letter of Intent for a Deepsea Mineral Gathering Study

Oil States Highlights Deepsea Mineral Riser System Project

May 25, 2021

ARLINGTON, TX: May 25, 2021 – Oil States Industries, Inc. (OSI) is very pleased to confirm that the company was selected in the first quarter of 2021 by Allseas to supply a Deepsea Minerals Riser System for their deepsea nodule collection vessel, the Hidden Gem. The project includes the design and manufacture of a deepwater riser system to collect polymetallic nodules in the extremely remote Pacific Ocean Clarion Clipperton Zone. These nodules contain high concentrations of minerals utilized in electric vehicle batteries, solar panels, and other systems which support the energy transition. RiserTec, an independent division of OSI,…Read More: Oil States Highlights Deepsea Mineral Riser System Project

Oil States Wins Spotlight on New Technology Award for Deepsea Mineral Riser System

May 19, 2021

HOUSTON, May 19, 2021 (GLOBE NEWSWIRE) — Oil States International, Inc. (NYSE: OIS) announced that it was presented with a Spotlight on New Technology Award by the 2021 Offshore Technology Conference (OTC) for its Merlin Deepsea Mineral Riser System. The award recognizes Oil States for their technological advances in support of the developing deepsea minerals industry. Oil States has adapted its Merlin riser and connection system technology to support this rapidly developing industry of deepsea minerals gathering. Oil States’ President and Chief Executive Officer, Cindy B. Taylor, stated, “We are proud and honored to receive a Spotlight on New Technology Award from OTC. Our Merlin Deepsea Mineral Riser System provides a robust, fast make-up, hands-free, automated…Read More: Oil States Wins Spotlight on New Technology Award for Deepsea Mineral Riser System

Oil States Provides Key Connections for China’s Lingshui 17-2 Gas Field

October 27, 2020

Lingshui 17-2 is a deepwater gas field located in the South China Sea, near China’s Hainan Province. With water depths of up to about 1,500 meters, the field is the first ultra-deep project developed by China National Offshore Oil Corporation (CNOOC) in the region. “We are pleased to work with CNOOC and enable the development of the Lingshui gas field with the supply of the first-ever deepwater steel catenary riser FlexJoint assembly packages for China,” said Jeff Jewitt, project manager. “The execution of this global project involved bringing together scopes of supply from international suppliers as well as six different…Read More: Oil States Provides Key Connections for China’s Lingshui 17-2 Gas Field

KEY DATES

1937:: Henry Zarrow opens an oilfield supply store in Tulsa, Oklahoma.
1949:: Oil States Industries is founded in Texas.
1995:: CE Holdings, Inc. is formed and buys Continental Emsco Company and its subsidiaries.
1996:: CE Holdings changes its name to Conemsco, Inc.
1997:: Conemsco buys three companies related to offshore marine and oil drilling.
1998:: The company buys two deep sea maintenance and component services companies.
2000:: Conemsco changes its name to Oil States International, Inc. (OSI).
2001:: The company makes its initial public offering on the New York Stock Exchange.
2002:: OSI completes six acquisitions to bolster its three business segments.
2003:: OSI purchases five additional companies during the year.
2005:: The company experiences record revenues and acquires four more companies.

SERVING THE OIL INDUSTRY: 1930S TO EARLY 1990S

What is today’s Oil States International, Inc. (OSI) began with several disparate companies. Henry Zarrow opened the first of these companies in Tulsa, Oklahoma, in 1937 to provide supplies for area oilfield drillers. Many of his products were tubular parts, essential to the local drillers in their ongoing search for oil. As the technology for drilling evolved, so did Zarrow’s supplies, always providing customers with a growing range of products. Zarrow’s ingenuity became the cornerstone for OSI’s tubular products division. By the late 1990s Zarrow’s company was a leading distributor of «OCTG,» or oil country tubular goods. In 1999 Zarrow’s company bought three rivals and merged their operations, becoming the United States’ top OCTG manufacturer.

A second company, Oil States Industries of Arlington, Texas, revolved around rubber components and was founded in 1949. This firm designed and manufactured a growing line of innovative marine products, including the first flexible load bearings for bridges and the earliest laminated bearing products used in any building structure in 1955. Next came the Hydro-Couple in 1966, a «coupling» or joining product used to connect pipes underwater, followed by further laminated bearings and seals for flexible pipes used in drill rigs and nuclear submarines in the 1970s. The laminated bearings and joints became part of the very successful Flex-Joint line of products, considered one of the company’s most technologically advanced and profitable ventures. In the 1980s came the Merlin, a nonrotating connector, and Hydra-Lock, a locking mechanism, for use in deep sea oil rig platforms.

By the 1990s additional products were developed, including diverless connections for use in undersea structures in depths of over 5,000 feet; the first rigid, extra long free-hanging riser; and the Top Entry Sub, a tool to help divers connect wiring and tubing underwater. The Top Entry Sub was available as a rental to companies worldwide for deep sea operations. Oil States Industries had also segued into portable accommodations as part of its well site services, providing housing and related needs for oil rig workers who put out to sea for either weeks or months at a time. Most of the company’s housing could be delivered and set up, either offshore or by new land drilling sites, within 24 hours and often included catering services as well.