Company Overview
Signa Engineering Corp, founded in 1992 by Charles R. "Rick" Stone, is a licensed petroleum engineering firm headquartered in Houston, Texas. The company is recognized for pioneering efforts in Underbalanced Drilling (UBD) and offering comprehensive full-cycle engineering solutions within the upstream oil and gas industry. Signa Engineering specializes in Managed Pressure Drilling (MPD), Underbalanced Drilling, casing drilling, and provides conventional operations as well as training and software solutions for drilling.
Key Services and Expertise
- Full-Cycle Engineering Solutions: Signa delivers an array of services across all operation phases to optimize efficiency and minimize environmental impact.
- Advanced Drilling Techniques: With a global clientele, Signa excels in MPD, UBD, and casing drilling, adeptly managing projects in various challenging terrains from shallow shales to deepwater environments.
- Consultancy and Operational Execution: The company offers strategic planning, design, and onsite consulting for seamless execution of engineering projects.
Contact Information
- Website: [signa.net](https://www.signa.net/)
- Phone: 281.774.1000
- Fax: 281.774.1098
- Email: signa@signa.net
Leadership Team
- Charles R. "Rick" Stone
- Position: Chairman and CEO
- Experience: Over 38 years in both domestic and international oil & gas operations. Rick is acclaimed for introducing groundbreaking technologies in petroleum engineering.
- Robert G. "Bob" Davis
- Position: President and Chief Operations Officer
- Expertise: Noted for leadership in business administration and contract management, with skills in well control.
- Contact: bdavis@signa.net | Phone: 281-290-9186
- Tom Wertz
- Position: Senior Vice President, Business Development
- Role: Leads strategic growth, bringing experiences from senior roles across the industry since joining Signa in 2011.
- George Medley
- Position: Executive Vice President
- Credentials: A Registered Professional Engineer in Texas and Colorado, offering strategic oversight in technical operations and expertise in MPD.
Recent Initiatives and Developments
Signa Engineering Corp advances its technological positioning by emphasizing energy transition solutions and operational efficiencies in the oil and gas sector. Their involvement in training and developing educational resources underscores a commitment to enhancing industry protocols and safety standards.
Market Overview
- Industry: Energy/Oil
- Location: Houston, TX, USA
- Estimated Annual Revenue: $8.8 million
- Employee Count: 45
- Revenue Per Employee: $196,000
- Employee Growth Last Year: -2%
Key Competitors
Signa operates in a competitive arena, with several key players recognized in the energy sector:
1. Propell Oilfield Equipment
- Revenue: $38 million
- Employees: 141
- Employee Growth: 23%
2. Cox Oil
- Revenue: $60.6 million
- Employees: 225
- Employee Growth: 4%
3. JMD Oilfield and Rig Service
- Revenue: $6.7 million
- Employees: 34
- Employee Growth: 3%
4. Prime Downhole Manufacturing
- Revenue: $11.2 million
- Employees: 51
- Employee Growth: 6%
5. Mobius Risk Group
- Revenue: $18.6 million
- Employees: 76
- Employee Growth: 6%
Market Position and Strategic Insights
Signa Engineering Corp holds a unique market position with its specialized engineering solutions, aiding its performance in complex projects requiring advanced drilling technologies. Despite a slight dip in employee growth (-2%), consistent revenue signals robust project involvement and loyal customer engagement.
The company's substantial revenue per employee highlights high productivity, potentially attributed to the employment of proficient engineers and cutting-edge technology to maintain a competitive stance compared to larger firms with more extensive financial resources.
Actionable Insights
- Enhancing relationships with upstream project leaders to capitalize on Signa's technical prowess in bidding for lucrative drilling contracts.
- Expanding market reach by highlighting the benefits of Signa’s drilling technologies concerning cost reduction and safety improvements.
- Exploring growth strategies similar to prominent competitors like Propell Oilfield Equipment and Cox Oil to scale employee numbers and expand service offerings.
- Investing in ongoing innovation and personnel training to maximize operational efficacy and adaptability to industry evolution.
Signa Engineering Corp asserts itself as a leading entity in petroleum engineering, with substantial prospects for reinforcing its market footing through strategic innovation and client-centric initiatives.
