Superior Drilling Products, Inc. Overview
Pro stress-test →Superior Drilling Products is an innovative drilling tool technology company that designs, manufactures, repairs, and sells drilling tools, including the patented Drill-N-Ream® well bore conditioning tool and Strider™ oscillation system technology. The company also manufactures and refurbishes PDC (polycrystalline diamond compact) drill bits for oil field service companies. The company was acquired by Drilling Tools International Corp. (DTI) in August 2024 for approximately $32.2 million in cash and stock.
Strategic Profile
Pro stress-test →SDP provides cost-saving solutions that drive production efficiencies for the oil and natural gas drilling industry. Its proprietary Drill-N-Ream tool integration with DTI's portfolio provides expanded geographic market potential, while its diamond process expertise and manufacturing capabilities benefit global technology offerings.
Competitive Landscape
Pro stress-test →Superior competed in the drilling tools and oilfield services sector against larger, diversified players like Drilling Tools International. DTI operates from 16 North American locations and 4 international stocking points across Europe and the Middle East. Core competitive differentiation centered on proprietary drilling technology and manufacturing capabilities for horizontal/directional drilling applications.
Industry Context
Superior Drilling Products, Inc. operates in Oil & Gas Drilling Equipment & Services.
Key facts
Founded: N/A · Headquarters: Vernal, Utah, US · Employees: N/A · Revenue: N/A