Global Tubing, LLC: Company Profile

Background

Overview

Global Tubing, LLC, established in April 2007, specializes in the manufacturing and supply of coiled tubing products and related services for the oil and gas industry. The company offers a comprehensive range of coiled tubing solutions, including design, milling, testing, and customer asset management, all performed in-house to ensure high-quality service. Their product line ranges from commodity or hang-off tubing to high-end, engineered tubing strings designed for optimized fatigue life and extended reach in horizontal wells.

Mission and Vision

Global Tubing's mission is to meet the growing worldwide demand for coiled tubing products and related services by combining advanced technology with unmatched customer service to create exceptional value. Their vision is to be a leading provider of innovative coiled tubing solutions that enhance operational efficiency and safety in the oil and gas industry.

Industry Significance

As a key player in the oil and gas sector, Global Tubing contributes to the efficiency and safety of well servicing operations through its high-quality coiled tubing products and services. Their commitment to innovation and quality has established them as a significant entity in the industry.

Key Strategic Focus

Core Objectives

To deliver advanced coiled tubing technology that meets the evolving needs of the oil and gas industry.

To provide exceptional customer service and engineering support, ensuring high-quality products and services.

Areas of Specialization

Manufacturing a wide selection of coiled tubing, ranging from 3/4-inch to 5-inch OD, with wall thicknesses from 0.087 to 0.337 inches.

Offering complete coiled tubing design, milling, testing, service, and customer asset management in-house.

Key Technologies Utilized

Friction stir welding process for joining strip ends, enhancing fatigue life and joint reliability.

Advanced tube milling, inspection, and service technologies to ensure product quality.

Primary Markets Targeted

Oil and gas industry, focusing on well servicing, stimulation, drilling, cementing, logging, and flowline solutions.

Geographical focus includes North America, with service centers in Dayton, Texas, Midland, Texas, and Red Deer, Alberta.

Financials and Funding

Funding History

In June 2013, Global Tubing was acquired by Forum Energy Technologies, a leading provider of engineered technologies and products for the energy industry.

Financial Performance

Estimated annual revenue of approximately $92.4 million, with around 239 employees across all locations.

Pipeline Development

Key Pipeline Candidates

Global Tubing offers a range of coiled tubing products designed for various applications, including well servicing, stimulation, drilling, cementing, logging, and flowline solutions.

Stages of Development

The company has established service centers in Dayton, Texas, Midland, Texas, and Red Deer, Alberta, providing services such as new coiled tubing inventory, tubing spooling, welding, hydro-testing, preventative maintenance, and asset management.

Target Conditions

Designed to meet the demands of the oil and gas industry, particularly in well servicing and related operations.

Anticipated Milestones

Ongoing expansion of service centers and enhancement of product offerings to meet industry needs.

Technological Platform and Innovation

Proprietary Technologies

Friction stir welding process for joining strip ends, improving fatigue life and joint reliability.

Significant Scientific Methods

Advanced tube milling, inspection, and service technologies to ensure product quality.

Leadership Team

Key Executives

Bob Bunch: Chairman and CEO

Richard L. Brown: Vice President, CFO

Clenton Sullivan: Vice President

Douglas S. Wheeler: Vice President Sales and Marketing

Garry McClelland: Vice President Engineering

Ray Rowland: Vice President Operations

Juan Amado: Commercial Director

Jessica Perez: Commercial Director

Competitor Profile

Market Insights and Dynamics

The coiled tubing market is integral to the oil and gas industry, with companies like Global Tubing providing essential services for well servicing and related operations.

Competitor Analysis

Key competitors include companies such as Pegasus Optimization Managers, Sun Well Service, and EnSource Energy Services, which offer similar coiled tubing products and services.

Strategic Collaborations and Partnerships

Acquired by Forum Energy Technologies in June 2013, enhancing its capabilities and market reach.

Operational Insights

Global Tubing's in-house capabilities, including design, milling, testing, and asset management, provide a competitive advantage in delivering high-quality coiled tubing solutions.