Oil States International

Oil States International Competitive Intelligence & Landscape

oilstatesintl.com ·

Overview

Oil States International Overview

Oil States International, Inc. (oilstatesintl.com) is a technology-focused, global provider of manufactured products and services primarily for the worldwide energy industry [ir.oilstatesintl.com]. The company offers innovative solutions utilized in drilling, completion, subsea, production, and infrastructure sectors of the oil and natural gas industry. Additionally, their products and services extend to industrial and military applications [ir.oilstatesintl.com/overview/default.aspx].

Oil States International's core offerings are segmented into Offshore Manufactured Products, Completion and Production Services, and Downhole Technologies. Their Offshore Manufactured Products include capital equipment for floating production systems, subsea pipelines, offshore drilling rigs and vessels, and subsea mineral gathering riser systems, alongside products for military, industrial, and land applications [oilstatesintl.com/operations-1676.html]. Completion and Production Services provide equipment and personnel for operations in the United States, Gulf of Mexico, and internationally, including land drilling services in the U.S. Rocky Mountain region. They also research, develop, and manufacture highly engineered consumable products for completion applications [oilstatesintl.com].

The company has a long history in the oilfield services industry, with its Offshore Manufactured Products segment originally founded as a supplier of rubber components for Texas oil patch producers [oilstatesintl.com/about/history-1672.html].

Oil States International is headquartered in Houston, Texas, at 333 Clay Street, Suite 4620 [oilstatesintl.com/contact-us-1707.html]. Their mission is focused on creating sustained shareholder value [oilstatesintl.com/annual-reports-and-presentations-1686.html], upholding good corporate governance and high ethical standards [oilstatesintl.com/corporate-governance-1692.html].

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Competitors

Oil States International Competitors

Oil States International (oilstatesintl.com) operates within a competitive landscape, facing both large, diversified oilfield service companies and specialized niche providers. One significant competitor is NOV Inc. (National Oilwell Varco, Inc.), which directly rivals Oil States International in rig construction and refurbishment [matrixbcg.com]. NOV Inc. benefits from a larger balance sheet and a broader array of drilling technologies, allowing it to secure extensive global contracts and potentially offer a wider range of integrated solutions compared to Oil States International's more focused offerings in offshore manufactured products, completion and production services, and downhole technologies.

Another major player in the industry is Schlumberger Limited (SLB), often cited as a top competitor to Oil States International [meyka.com]. As a much larger company with an expansive global presence, Schlumberger provides a comprehensive suite of oilfield services, from exploration to production. Its vast market share and extensive technological capabilities differentiate it significantly from Oil States International, which specializes in specific segments of the energy industry, such as capital equipment for floating production systems and subsea pipelines [oilstatesintl.com]. Schlumberger's integrated approach and substantial R&D investments likely give it a competitive edge in terms of scale and market penetration.

Baker Hughes Company (BKR) also stands as a key competitor, often benchmarked against Oil States International in the oilfield services and equipment sector [marketbeat.com]. Baker Hughes offers a broad portfolio of products and services across the oil and gas value chain, including drilling, evaluation, completion, and production. While Oil States International focuses on innovative solutions in areas like offshore equipment and downhole technologies, Baker Hughes's extensive product lines and global reach position it as a formidable competitor, potentially offering more comprehensive solutions and a broader customer base than Oil States International [meyka.com].

Halliburton Company (HAL) is another prominent competitor, frequently compared with Oil States International [marketbeat.com]. Halliburton is one of the world's largest providers of products and services to the energy industry, specializing in drilling and completion services. Its vast operational scale, technological advancements, and established presence in active regions worldwide offer a distinct competitive advantage. In contrast, Oil States International emphasizes specific completion and production operations primarily within the United States, Gulf of Mexico, and certain international locations, alongside its manufactured products and downhole technologies, suggesting Halliburton's broader service offering and geographic footprint could lead to a greater market share [oilstatesintl.com].

Finally, TechnipFMC plc is identified as a direct competitor, particularly noted for its technical resilience and outperformance in certain metrics [leadiq.com].

TechnipFMC competes in segments related to subsea, surface, and energy infrastructure, which overlaps with Oil States International's offshore manufactured products and subsea pipeline offerings [leadiq.com]. While Oil States International excels in highly engineered consumable products and capital equipment, TechnipFMC's integrated project delivery and comprehensive solutions in subsea and offshore fields position it as a strong rival, especially when vying for large-scale energy infrastructure projects.

Product & Pricing

Oil States International Product and Pricing Intelligence

Oil States International (oilstatesintl.com) offers a diverse portfolio of products and services for the worldwide energy industry, with its offerings categorized into three main segments: Offshore Manufactured Products, Completion and Production Services, and Downhole Technologies. The company designs, manufactures, and sells capital equipment for floating production systems, subsea pipelines, offshore drilling rigs, and industrial applications, including specialized items like FlexJoint® technology, advanced connector systems, and high-pressure riser systems [https://www.oilstatesintl.com/operations/offshore-manufactured-products-1677.html][https://www.oilstatesintl.com/].

For pricing and plans, Oil States International primarily operates on a model that involves providing specialized equipment and services for complex, large-scale projects in the energy sector rather than offering standardized, publicly listed pricing tiers or free versus paid features. Their Completion and Production Services segment, for instance, involves employees rigging up and operating equipment on well sites, indicating a service-based, project-specific pricing structure for activities throughout a well's life cycle [https://www.oilstatesintl.com/operations/completion-and-production-services-1678.html]. Similarly, the Downhole Technologies segment focuses on engineered solutions for well completion applications, implying custom solutions with tailored costs [https://www.oilstatesintl.com/operations/downhole-technologies-1679.html].

While specific pricing plans are not publicly disclosed, the company's investor relations indicate a focus on advancing profitability through market expansion, incremental pricing, and operational restructuring [https://ir.oilstatesintl.com/why-invest/default.aspx]. This suggests that pricing is dynamic and optimized to capitalize on market conditions, especially within the US land, offshore, and international markets where Oil States International is positioned for potential growth [https://ir.oilstatesintl.com/why-invest/default.aspx]. Their emphasis on technology-driven, highly-engineered products and solutions further supports a value-based pricing strategy where costs are determined by the complexity, customization, and performance benefits provided to clients [https://www.oilstatesintl.com/operations/offshore-manufactured-products-1677.html][https://ir.oilstatesintl.com/overview/default.aspx].

Ad Campaigns

Oil States International Ad Campaigns

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Hiring & Layoffs

Oil States International Hiring and Layoffs

Oil States International (oilstatesintl.com), a technology-focused manufacturing and energy services company, emphasizes its commitment to attracting and retaining qualified talent, signaling a strategic focus on growth and employee development. The company states that its "employees and their talents are the most important asset" and strives to provide a "productive and safe working environment, competitive compensation and benefits, and an environment in which you can contribute to the company’s success while realizing your career goals" [https://www.oilstatesintl.com/careers-211.html]. This focus on talent acquisition and development indicates a proactive hiring strategy aimed at bolstering its workforce.

Recent hiring trends at Oil States International suggest a continued need for skilled professionals across its operations. The company actively posts career opportunities, including exciting roles in central Scotland and existing positions at its Aberdeen facility [https://www.oilstatesintl.com/oil-states-uk-careers-217c1.html?LayoutID=25]. This regional expansion of job openings points to strategic growth in key geographical markets.

Oil States International promotes an entrepreneurial spirit and offers "exceptional opportunities for professional growth" [https://www.oilstatesintl.com/careers/company-culture-and-workforce-diversity-1702.html]. They provide competitive salaries and, for certain positions, the chance to earn supplemental annual incentives [https://www.oilstatesintl.com/careers/compensation-programs-1701.html]. The company also invests in employee training and career development, viewing it as crucial for both employee and company success [https://www.oilstatesintl.com/careers/training-and-development-1699.html].

There is no public information indicating recent layoffs at Oil States International (oilstatesintl.com). Instead, the available information highlights a robust approach to recruitment, employee welfare, and professional development. The company also warns potential applicants about fraudulent employment offers, advising candidates to be cautious of requests for fees related to immigration or visa applications [https://www.oilstatesintl.com/careers-1698.html]. This comprehensive approach to hiring, compensation, and development signals a stable company with a forward-looking strategy focused on sustained growth and operational excellence.

Leadership

Oil States International Management and Leadership Team

Oil States International, Inc. has experienced significant leadership changes, with Lloyd A. Hajdik stepping into the role of Chief Executive Officer and President, effective May 1, 2026. Prior to this appointment, Mr. Hajdik served as the Executive Vice President, Chief Financial Officer, and Treasurer from May 2016 to May 2026, and as Senior Vice President, Chief Financial Officer, and Treasurer from December 2013 to May 2016 [https://www.oilstatesintl.com/about/management-team-1673.html]. His elevation to CEO follows the retirement of Cindy Taylor, the former President and Chief Executive Officer [https://www.oilstatesintl.com/news/oil-states-announces-retirement-of-cindy-taylor-and-appointment-of-lloyd-hajdik-as-ceo-effective-may-1-2026-562c1691.html?LayoutID=108].

As part of his new role, Lloyd A. Hajdik also joined the Oil States International, Inc. Board of Directors upon his appointment as President and CEO [https://www.oilstatesintl.com/news/oil-states-announces-retirement-of-cindy-taylor-and-appointment-of-lloyd-hajdik-as-ceo-effective-may-1-2026-562c1691.html?LayoutID=108]. The company's management team and board oversee its operations as a technology-focused manufacturing and energy services company [https://www.oilstatesintl.com/about/company-overview-1671.html].

The Board of Directors at Oil States International, Inc. includes members such as Denise Castillo-Rhodes, who has a background with Texas Medical Center and has served on the City of Houston’s Municipal Employee Pension System [https://www.oilstatesintl.com/about/board-of-directors-1674.html]. The company also maintains a structured committee composition, including an Audit Committee, Compensation Committee, and Nominating, Governance and Sustainability Committee, with members like Lawrence R. Dickerson, Darrell E. Hollek, Robert L. Potter, Denise Castillo-Rhodes, and Hallie Vanderhider contributing to corporate governance [https://www.oilstatesintl.com/corporate-governance/committee-composition-1695.html].

Financials

Oil States International Financial Performance, Fundraising, M&A

Oil States International, Inc. (oilstatesintl.com) demonstrates its financial health through its publicly reported results and strategic financial agreements. For the first quarter of 2026, the company reported consolidated revenues of $145 million, with a net income of $1 million, or $0.02 per share. Adjusted net income, excluding restructuring and asset impairment charges, reached $5 million, or $0.09 per share, and Adjusted EBITDA was $17 million. Notably, cash on-hand exceeded outstanding debt by $4 million at the end of the quarter [https://ir.oilstatesintl.com/Press-Releases/news-details/2026/Oil-States-Announces-First-Quarter-2026-Results/default.aspx].

Looking at the third quarter of 2025, Oil States International, Inc. recorded consolidated revenues of $165 million. Net income for this period was $2 million, or $0.03 per share, with an adjusted net income of $5 million, or $0.08 per share. The company generated $31 million in cash flows from operations and reported an Adjusted EBITDA of $21 million. Additionally, the Offshore Manufactured Products segment saw its backlog increase by 10% sequentially [https://ir.oilstatesintl.com/Press-Releases/news-details/2025/Oil-States-Announces-Third-Quarter-2025-Results/default.aspx].

In terms of financing, Oil States International, Inc. entered into an amended and restated cash flow credit agreement in January 2026. This agreement provides for total commitments of $125 million, which includes a $75 million revolving credit facility and a $50 million multi-draw term loan facility available through July 28, 2026. Wells Fargo Bank, National Association serves as the administrative agent for this Cash Flow Credit Agreement [https://ir.oilstatesintl.com/Press-Releases/news-details/2026/Oil-States-Enters-Into-New-Credit-Agreement/default.aspx]. The company also engaged in financial activities such as purchasing $6 million principal amount of convertible senior notes and $4 million of common stock during the third quarter of 2025 [https://ir.oilstatesintl.com/Press-Releases/news-details/2025/Oil-States-Announces-Third-Quarter-2025-Results/default.aspx].

Partnerships

Oil States International Partnerships, Clients and Vendors

Oil States International (oilstatesintl.com) actively engages in strategic partnerships and collaborations to enhance its offerings within the worldwide energy industry. A significant alliance includes a strategic collaboration with Seadrill to advance offshore Managed Pressure Drilling (MPD) operations, integrating Oil States' award-winning MPD Integrated Riser Joint (IRJ) system with Seadrill's high-spec fleet of floating drilling units [https://www.ir.oilstatesintl.com/Press-Releases/news-details/2024/Seadrill-and-Oil-States-Announce-Strategic-Collaboration-to-Enhance-Offshore-Managed-Pressure-Drilling-MPD-Operations/default.aspx].

Oil States International also maintains key international relationships, notably through its subsidiary Oil States Industries (OSI). In 2010, OSI formed a joint venture with G&T Oilfield and Offshore Services Pvt. Ltd. (GTO), a privately-held Indian company. This venture, named G&T Oil States Industries Private Limited, is headquartered in New Delhi with facilities in Navi Mumbai, focusing on design, manufacturing, sales, and service for marine products [https://ir.oilstatesintl.com/Press-Releases/news-details/2010/Oil-States-Announces-Joint-Venture-in-India-09-22-2010/default.aspx]. The company's global footprint and customer relationships provide opportunities across offshore, international, and renewable energy markets [https://ir.oilstatesintl.com/why-invest/default.aspx].

Regarding its clientele and operational focus, Oil States International is a global provider of manufactured products and services utilized in various sectors of the oil and natural gas industry, including drilling, completion, subsea, production, and infrastructure. Its reach also extends to industrial and military sectors [https://ir.oilstatesintl.com/]. The company's manufactured products encompass highly engineered capital equipment and consumable products used in drilling, well construction, and production [https://ir.oilstatesintl.com/].

Oil States International has secured notable contracts, such as one for its award-winning Merlin™ Deepsea Mineral Riser system. This system is designed for the harvesting of critical seabed minerals like cobalt, manganese, nickel, and rare earth elements, which are vital components in batteries for electric vehicles, solar cells, wind turbines, and other technologies [https://ir.oilstatesintl.com/Press-Releases/news-details/2023/Oil-States-Announces-Contract-Award-for-Merlin-Deepsea-Mineral-Riser-System/default.aspx]. Additionally, a subsidiary, Oil States Industries, Inc., offers the CVX Deepwater Pipeline Repair System [https://www.oilstatesintl.com/cvx-deepwater-pipeline-repair-system-211c238.html?LayoutID=25]. In terms of growth, Oil States International acquired GEODynamics, Inc., a provider of oil and gas products, in 2017 [https://ir.oilstatesintl.com/Press-Releases/news-details/2017/Oil-States-to-Acquire-GEODynamics-12-12-2017/default.aspx].

Events

Oil States International Event Participations

Oil States International (oilstatesintl.com) actively participates in various industry events, including conferences, trade shows, and investor-focused calls. The company regularly hosts earnings conference calls to discuss financial results, such as the 4Q 2022 Earnings Conference Call on February 17, 2023, and the 3Q 2022 call on October 28, 2022 [https://www.oilstatesintl.com/events-and-presentations-1685.html]. They have also scheduled future calls, including the First Quarter 2026 Earnings Conference Call on May 5, 2026, and the Fourth Quarter 2025 Earnings Conference Call on February 20, 2026 [https://ir.oilstatesintl.com/overview/default.aspx]. These calls are often accompanied by webcast options for remote participation [https://ir.oilstatesintl.com/].

Beyond investor calls, Oil States International showcases its innovations at major industry exhibitions. The company has a history of attending events such as Topsides, Subsea Tieback (SSTB), MCE Deepwater Development (MCEDD), and the Offshore Technology Conference (OTC) [https://www.oilstatesintl.com/news-and-events-210.html]. For instance, they were scheduled to exhibit at Topsides from February 4th-6th in Galveston, Texas, and at Subsea Tieback from March 4th-6th in San Antonio, Texas [https://www.oilstatesintl.com/news-and-events-210.html]. Their participation in the OTC has been particularly notable, as Oil States International received two 2026 OTC Spotlight on New Technology Awards, recognizing their innovative solutions in the field [https://www.oilstatesintl.com/news/oil-states-wins-2026-otc-spotlight-on-new-technology-awards-563c1691.html?LayoutID=108].

Oil States International also engages with its stakeholders through other significant gatherings, such as the Annual Meeting of Stockholders. For example, the 2026 Annual Meeting of Stockholders was scheduled to be held virtually on May 12, 2026 [https://ir.oilstatesintl.com/financials/Proxy-Statements/default.aspx]. Additionally, the company regularly provides investor presentations which are featured on their investor relations website [https://ir.oilstatesintl.com/overview/default.aspx], offering detailed insights into their operations and financial performance to the investment community.

Frequently Asked Questions

What is the strategic implication of Oil States International's consistent participation in industry events?

Oil States International's regular participation in industry events, including investor calls, trade shows like OTC, and the Annual Meeting of Stockholders, indicates a commitment to transparency, investor engagement, and showcasing innovation. Their receipt of two 2026 OTC Spotlight on New Technology Awards specifically highlights their focus on maintaining a competitive edge through technological advancements in the energy sector.

What do Oil States International's hiring trends signal about its current strategic direction?

Oil States International's emphasis on attracting and retaining qualified talent, offering competitive compensation, and expanding job postings to regions like central Scotland suggests a strategic focus on growth and operational expansion. The absence of public information on recent layoffs, coupled with a proactive approach to recruitment and employee development, indicates a stable company pursuing sustained growth and operational excellence.

How do Oil States International's financials for Q1 2026 reflect its current economic position?

Oil States International reported consolidated revenues of $145 million and a net income of $1 million for Q1 2026, with adjusted net income at $5 million. Notably, cash on-hand exceeded outstanding debt by $4 million, indicating a strong liquidity position and financial stability, supported by healthy cash flow generation and strategic financial management.

What does Lloyd A. Hajdik's appointment as CEO signify for Oil States International's leadership strategy?

Lloyd A. Hajdik's promotion to CEO and President, effective May 1, 2026, after serving as CFO and Treasurer for a decade, indicates a preference for internal leadership succession and continuity. His extensive financial background suggests a continued focus on financial discipline and value creation as the company navigates the energy industry.

How does Oil States International's partnership with Seadrill impact its offshore drilling capabilities?

Oil States International's strategic collaboration with Seadrill to advance offshore Managed Pressure Drilling (MPD) operations enhances its offerings by integrating its MPD Integrated Riser Joint (IRJ) system with Seadrill's high-spec fleet. This partnership likely expands Oil States' market reach and technological application in complex offshore drilling environments.

What is the strategic implication of Oil States International's contract award for the Merlin™ Deepsea Mineral Riser system?

The contract award for the Merlin™ Deepsea Mineral Riser system signifies Oil States International's strategic diversification into critical seabed mineral harvesting. This move positions the company to capitalize on the growing demand for materials essential for electric vehicles and renewable energy technologies, expanding its footprint beyond traditional oil and gas applications.

How does Oil States International differentiate its product and service pricing strategy?

Oil States International operates on a project-specific, value-based pricing model for its specialized equipment and services, such as capital equipment for floating production systems and completion/production services. Pricing is dynamic and optimized to market conditions, reflecting the complexity, customization, and performance benefits of their highly-engineered products rather than standardized, publicly listed tiers.

How does Oil States International's market positioning differ from larger competitors like Schlumberger and Halliburton?

Oil States International differentiates itself by focusing on specific segments like offshore manufactured products, completion and production services, and downhole technologies, and offering highly engineered solutions. In contrast, larger competitors like Schlumberger and Halliburton provide a broader, more integrated suite of oilfield services with extensive global reach and larger R&D investments, enabling them to secure more comprehensive contracts.

What does the 10% sequential increase in the Offshore Manufactured Products segment's backlog in Q3 2025 suggest about Oil States International's market demand?

The 10% sequential increase in the Offshore Manufactured Products segment's backlog during Q3 2025 indicates strengthening demand for Oil States International's capital equipment and components in the offshore energy sector. This suggests a positive market outlook for their specialized offshore solutions and could signal future revenue growth in that segment.

What is the significance of Oil States International's new credit agreement for its financial flexibility?

Oil States International's amended cash flow credit agreement for $125 million, including a revolving credit facility and multi-draw term loan, provides significant financial flexibility. This agreement, with Wells Fargo as the administrative agent, enhances the company's ability to fund operations, manage liquidity, and potentially pursue strategic investments without immediately impacting its cash reserves.

How does the acquisition of GEODynamics, Inc. in 2017 align with Oil States International's long-term strategy?

The acquisition of GEODynamics, Inc. in 2017, a provider of oil and gas products, aligns with Oil States International's long-term strategy of enhancing its technology-focused offerings and expanding its portfolio in the energy services sector. This acquisition likely bolstered its capabilities in downhole technologies and completion applications, complementing its existing segments.

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