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WHO WE ARE
Owen Oil Tools is the world's largest manufacturer and distributor of perforating systems. A perforating system is a device that deploys explosive materials into an oil or gas well to perform a variety of critical functions. The most significant (and the one we do the most) is that which creates the pathway or perforation through the well's casing and into the hydrocarbon bearing formation allowing oil and gas to flow to the surface.
We manufacture over six million explosive products and a million feet of perforating carriers each year. Also, we provide some of the best in class Thru-Tubing and Casing Patch products and services. Our products are manufactured in Godley, Texas and Red Deer, Alberta. They are supplied and supported through a vast distribution network with over 25 locations in North America and 10 international offices. Our international business has expanded significantly and now makes up over 30% of our annual sales.
We are excited about celebrating our 25th anniversary in 2008 and 10th year as a member of Core Laboratories' portfolio of oilfield operating divisions and technologies (Traded on NYSE: CLB). Owen Oil Tools has a rich tradition in the oil patch from founder Harrold Owen to its top ten managers having over 280 years of experience to the 500 worldwide employees who work diligently every day satisfying customer needs.
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WHAT WE STRIVE FOR
Our leadership position in the perforating industry is significant and important to us. Maintaining and growing this position requires performance on many fronts. Our customers, employees, shareholders, and suppliers are all integral to our success. Acknowledging this and supporting a culture of continuous improvement, we have developed six key initiatives to help guide us in the years ahead. They are:
Increase Shareholder Value
Improve Manufacturing Throughput & Reduce The Cost To Manufacture Through SQUIPSTM
Pursue Zero Accidents & Zero Defects
Grow Customer Participation Through The "Owen Experience"
Provide Technical Leadership
Strengthen Organizational Integrity
As we work and progress together, it is our sincere desire to understand your specific needs and determine practical ways to utilize the many resources available at Owen Oil Tools to ensure our mutual success.
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