Superior Drilling Products

SDPI · NYSE American

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About SDPI

Superior Drilling Products, Inc. engages in the manufacture, repair, sale and rental of drilling tools for the oil and natural gas drilling industry. The company is headquartered in Vernal, Utah and currently employs 75 full-time employees. The firm designs, manufactures, repairs, and sells drilling tools in the United States, Canada, and the Middle East. Its drilling solutions include the patented Drill-N-Ream well bore conditioning tool and the patented Strider oscillation system technology. In addition, the Company is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for oil field service companies. The firm operates a drill tool fabrication facility, where it manufactures its solutions for the drilling industry, as well as customers' custom products. Its subsidiaries include Superior Drilling Solutions, LLC, Superior Design and Fabrication, LLC, Extreme Technologies, LLC, Meier Properties Series, LLC, Meier Leasing, LLC, and Hard Rock Solutions, LLC.

Employees: 75
Headquarters: Vernal, Utah
Listed: May 23, 2014
Sector: Energy
Industry: Energy Equipment & Services
Website: sdpi.com

Leadership

Superior Drilling Products executives
Name	Title	Since	Age
G. Troy Meier	—	2014	62
Annette Meier	—	—	60
Christopher Cashion	—	—	67
Michael Ronca	—	—	69
Robert Iversen	—	—	69
James Lines	—	—	62

Revenue by product and region

Fiscal year ended Dec 31, 2023: $20.97M total revenue

By product

Tool Revenue [Member]$13.56M64.7%
Contract Services [Member]$7.41M35.3%
Other Related Tool Revenue [Member]$7.24M34.5%
Tools and Product Sales [Member]$3.26M15.5%
Tool Rental [Member]$3.06M14.6%

Suppliers and customers

Price correlation is over one year: 1 means the stocks move together, -1 opposite

Superior Drilling Products suppliers and customers
Company	Relationship	Country	Correlation
Baker Hughes A BKR	Customer	US	0.35
Odfjell Drilling ODL.OL	Customer	GB	0.35
Weatherford International WFRD	Customer	US	0.32
Schlumberger SLB	Customer	US	0.27
Natl Energy Svc Rg NESR	Customer	US	0.01
Drilling Tools International, Inc.	Customer	US	—

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