Company Research Report: Innovex International, Inc.

Company Overview

• Name: Innovex International, Inc. (NYSE: INVX)

• Mission: To empower teammates and customers to take calculated risks, eliminate inefficiencies, and solve problems resulting in mutual success.

• Founded: 2024 (following the merger of Dril-Quip, Inc., and Innovex Downhole Solutions)

• Key People:

• Adam Anderson - Chief Executive Officer

• Kendal Reed - Chief Financial Officer

• Dawn Harrington - Senior Vice President - Human Resources & HSE

• Ben Griffith - Senior Vice President - Manufacturing & Supply Chain

• Mark Reddout - President – North America

• Various other regional and product line leaders as well as independent board members.

• Headquarters: Houston, Texas, USA

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: Innovex combines engineering expertise with technologies for upstream onshore and offshore activities. Their comprehensive portfolio spans the lifecycle of the wells, offering solutions that drive efficiency, reduce cost, and lower rig site footprints.

Products

Wellhead Systems

• Alpha Wellhead System: Utilizes an internal lock system, eliminating leak paths and reducing HSE exposure. Ideal for seamless transitions from installation to production with certifications like Hydro and PR2 Qualification.

Well Construction

• Stage Cementing Products: Tools like Inflatable Casing Packers and Combo Packer & Stage Tools.

• Specialty Deployment Products: Tools such as CasingSwivel, NaviShoe, NaviReam, and SureReach Motor System.

• Deepwater Solutions: Includes products such as SwivelMASTER®, SubZero, and the Sub-Surface Release Cementing Plug System.

Well Completion

• Toe Initiation Products: Includes Orio® and Orio® 3D, HydraSTART, Wet Shoe System, and Thunderstick – products designed for hydraulic operation and optimized completion.

• Service Tools and Packers: Products such as Service Packers, Retrievable Bridge Plugs, and Service Accessories.

Production Solutions

• Gas Lift Systems: Features LiftSmart and Gas Lift Wellhead systems for optimized production.

• Penetrators & Connectors: Includes the QCI P3X Epoxy-less Penetrator and various other specialized connectors.

Drilling & Deployment

• Reamers & Stabilizers: Products like GunDrill Reamers, TORQAVENGER, and EzeeReam.

• Vibratory Technology: Includes products like RipStick, PileDriver, and PowerGlide.

Fishing & Intervention

• External Catch Products: Products for retrieval operations such as Overshots and Rotary Die Collars.

• Junk Catchers: Includes core type junk baskets, fishing magnets, and reverse circulation baskets.

• Safety Joints, Wireline Equipment, and Stroking Tools: Includes products like Type J Safety Joints and Tubular Wireline Jars.

Recent Developments

• Merger: Innovex completed a merger with Dril-Quip creating a unique energy industrial platform.

• New Products and Acquisitions:

• Pride Energy Services acquired by Innovex in August 2022.

• Partnerships: No specific new partnerships mentioned in the available information.

• Product Features: Introduction of innovative product lines and systems across various specialties, with emphasis on technology that is simple, cost-effective, and efficient.

Additional Insights

• Innovation:

• Innovex focuses on simplicity, speed, and highly effective products due to their strong commitment to R&D.

• Boasts a well-protected portfolio of patents aimed at reducing risk in operations.

• Safety & Quality:

• Holds various high-grade certifications like ISO 9001:2015, API 6A, and inclusive of robust QHSE management systems.

• Global Footprint:

• Innovex has locations across North America, Latin America, Europe, the Middle East, and Asia to provide localized support with a global presence.

Conclusion

Innovex International is a substantial player in the upstream energy sector, integrating cutting-edge technology with traditional engineering to offer a wide range of products and services aimed at enhancing operational efficiency, reducing costs, and optimizing well lifecycle performance.