tesco corp (TESO) Details

Tesco Corporation engages in the design, manufacture, and service delivery of technology based solutions for the upstream energy industry in the United States, Canada, and internationally. The company’s Top Drive segment manufactures, sells, and supports top drives that are used in drilling operations to rotate the drill string while suspended from the derrick above the rig floor. Its product line includes a range of portable and permanently installed top drive products with lifting capacities of 150 through 750 tons, which are hydraulically and electrically powered. This segment also provides rig up and installation, new units commissioning, working units recertification, onsite training and top drive supervision, and ongoing maintenance services; and rents hydraulically powered top drive systems on a day-rate basis for land and offshore drilling rigs. As of December 31, 2012, its rental fleet comprised 135 units. This segment primarily serves drilling contractors, rig builders, and equipment brokers. The company’s Tubular Services segment offers a suite of automated offerings, as well as conventional casing and tubing running services. It also provides installation service of deep water completion equipment; and equipment and personnel for the installation of tubing and casing, including power tongs, pick-up/lay-down units, torque monitoring services, and connection testing services for new well construction, and in work-over and re-entry operations. This segment primarily serves oil and natural gas operating companies. Tesco Corporation was founded in 1986 and is headquartered in Houston, Texas.

tesco corp (TESO) Top Compensated Officers