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Tuboscope International underwent a major transformation when it merged with Drexel Oilfield Services, brought in new management and a new board, and re-capitalized its balance sheet in April 1996. The merger added new high-growth product lines, and the resources to execute an aggressive acquisition plan.

Tuboscope has acquired Sixteen companies since April 1996.

Tuboscope was founded in the 1930’s to provide tubular inspection for the growing oil industry. From its humble beginnings of inspecting drill pipe with optical instruments, Tuboscope’s unwavering commitment to service has led it to become one of the oil and gas industry's leading oil field service companies. Today it applies cutting edge technologies to a variety of oilfield customers needs, translating the value it provides its customers into superior financial performance.

Product offerings have grown to include :

Coiled tubing equipment, including coiled tubing drilling systems
Coiled tubing and wireline pressure control equipment
Solids control equipment and closed-loop services
Internal coating of tubular goods
In-place inspection of oil, gas and product pipelines with intelligent pigging
Ultrasonic and magnetic flux leakage inspection of oil country tubular goods
In-line inspection systems for tubular steel mills

Tuboscope's financials are characterized by one of the highest operating cash flow margins amongst its peers. It holds leadership positions in almost all of the markets in which it participates, often with shares exceeding 50%. Most of Tuboscope's markets have undergone extensive consolidation over the past ten years.

Tuboscope's leading market share and very well-known brand names provide it with excellent margins and strong, stable cash flows.

Tuboscope's experienced management team is committed to achieving the highest possible value for its shareholders.

Product Line Tuboscope's
Products and Services Tuboscope’s Brand Names % of Sales

Coiled Tubing and Pressure Control Products Coiled tubing units, wireline unites, cryogenic transportation and pumping equipment, blowout preventers, pressure control equipment, and multi-lateral re-entry completion systems Hydra Rig
Texas Oil Tools
SSR International
Pressure Control Engineering
Coiled Tubing Engineering Services 17%

Solids Control Equipment and Services Services and equipment used to separate drill cuttings from drilling fluids. Used to maintain performance characteristics of drilling fluids, enable operations to minimize the environmental impact of drilling operations, and reduce drilling costs Brandt
Wadeco
Polar
Advanced Wirecloth
Gauthier Brothers 26%

Tubular Services



Tubular Inspection
Application of proprietary internal plastic coating to tubular goods; Extends tubing and drill pipe life and improves hydraulic efficiency; Fiberglass tubulars and fittings.
Inspection of oil country tubular goods for manufacturing and service induced defects at the well site, in pipe yards, at pipe manufacturing plants, and at fixed covered inspection facilities
Tube-Kote
Star


Tuboscope
Amalog
Sonoscope
Truscope
Endsonic
46%

Pipeline Services Inspection of in-service pipeline to find corrosion and other defects in the pipeline Tuboscope Vetco
Linalog
TruRes 11%

Product Line	Tuboscope's Products and Services	Tuboscope’s Brand Names	% of Sales
Coiled Tubing and Pressure Control Products	Coiled tubing units, wireline unites, cryogenic transportation and pumping equipment, blowout preventers, pressure control equipment, and multi-lateral re-entry completion systems	Hydra Rig Texas Oil Tools SSR International Pressure Control Engineering Coiled Tubing Engineering Services	17%
Solids Control Equipment and Services	Services and equipment used to separate drill cuttings from drilling fluids. Used to maintain performance characteristics of drilling fluids, enable operations to minimize the environmental impact of drilling operations, and reduce drilling costs	Brandt Wadeco Polar Advanced Wirecloth Gauthier Brothers	26%
Tubular Services Tubular Inspection	Application of proprietary internal plastic coating to tubular goods; Extends tubing and drill pipe life and improves hydraulic efficiency; Fiberglass tubulars and fittings. Inspection of oil country tubular goods for manufacturing and service induced defects at the well site, in pipe yards, at pipe manufacturing plants, and at fixed covered inspection facilities	Tube-Kote Star Tuboscope Amalog Sonoscope Truscope Endsonic	46%
Pipeline Services	Inspection of in-service pipeline to find corrosion and other defects in the pipeline	Tuboscope Vetco Linalog TruRes	11%