DRQ NYSE

Dril-Quip, Inc., headquartered in Houston, Texas, and founded in 1981, specializes in the design, fabrication, sale, and servicing of advanced drilling and production equipment. Their solutions are engineered for demanding global applications, particularly in deepwater, harsh environments, and severe service conditions. The company's diverse product range encompasses critical components such as subsea and surface wellheads, production trees for both subsea and surface installations, mudline hanger systems, specialized connectors and associated piping, drilling and production riser systems, liner hangers, wellhead connectors, diverters, and safety valves. Additionally, they offer various downhole tools, including liner hangers, production packers, and safety valves, which are vital for suspending and sealing casing strings within a wellbore. Beyond manufacturing, Dril-Quip provides essential services like technical advisory, equipment rework and reconditioning, and the rental or sale of running tools necessary for the installation and retrieval of their products. Their equipment plays a crucial role in offshore oil and gas exploration, being deployed on a variety of drilling rigs such as floating and jack-up rigs. It also facilitates the drilling and production of oil and gas wells on numerous offshore installations, including fixed platforms, tension leg platforms, Spars, and moored vessels like floating production, storage, and offloading (FPSO) units. Dril-Quip markets its offerings globally through its direct sales force, independent agents, and representatives. Their clientele includes a wide array of industry participants, such as integrated, independent, and foreign national oil and gas companies, as well as drilling contractors and engineering and construction firms.