Drilling Tools International Corp

NASDAQ:DTI

Drilling Tools International Corp. specializes in rentals of directional drilling tools, wellbore optimization tools and other drilling products. The company is headquartered in Houston, Texas. The company went IPO on 2021-12-02. The firm manufactures and rents downhole drilling tools used in horizontal and directional drilling of oil and natural gas wells. The company operates from approximately 22 locations across North America, Europe, and the Middle East and maintains a fleet of rental equipment consisting of drill collars, stabilizers, crossover subs, wellbore conditioning tools, drill pipe, hevi-wate drill pipe and tubing. The firm also rents surface control equipment, such as blowout preventers and handling tools, and provides downhole products for producing wells. Its operating activities are divided into four divisions: directional tool rentals, premium tools, wellbore optimization tools, and other products and services, including downhole solutions inspection services and downhole machining solutions. Its manufacturing facility offers multiple hollow spindle lathes, mills, racking systems, lathes, and drill collar spiral machines.