Oil States International

Oil States International is an American multinational corporation. It focuses on providing services to oil and gas companies. It is a public company listed on the New York Stock Exchange.

Oil States International
TypePublic
IndustryOil and gas
HeadquartersThree Allen Center, Suite 4620, Houston, Texas, 77002, United States[1][2]
Key people
Stephen A. Wells (Chairman)
Cindy B. Taylor (Chief Executive Officer and President)
Websiteoilstatesintl.com

History

The company was founded as an oilfield supply store in Tulsa, Oklahoma in 1937.[3] Five years later, in 1942, it started selling rubber components to oil patch producers in Texas.[3] In the 1950s, it sold rubber products used to support bridges.[3] Later, in the 1970s, it focused on addressing the needs of oil and gas companies in Canada and on the Gulf Coast of the United States.[3] The next decade, in the 1980s, it focused on supplying those companies with pipeline maintenance and repair for their underwater operations at sea.[3] In 1999, it acquired Tubular Services, thus becoming one of the main tubular distributors in the US.[3]

Its IPO was in 2001, when it became a public company on the New York Stock Exchange traded as OIS.[3]

From 2005, it acquired several accommodation inns for employees of oil and gas companies in Canada (Fort McMurray, Northern Alberta, Southern Saskatchewan) and Australia (Gladstone, Queensland, Karratha, Western Australia, Gunnedah Basin in New South Wales).[3] On June 2, 2014, these accommodation services became a spin-off company called Civeo Corporation, also traded on the New York Stock Exchange.[4]

Board of directors

References
  1. Yahoo! Finance
  2. Company Overview: Oil States International, The Wall Street Journal
  3. Official website: History
  4. Olivia Pulsinelli, NOV and Oil States complete spinoffs, trading begins, Houston Business Journal, June 2, 2014
  5. Official website: Board of Directors
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