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Close of 30 Oct 2026, in USD
About Coil Tubing Technology
Its shares trade under the ticker CTBG. It has been listed since 10 May 2000. In the fiscal year to 31 December 2014, it reported revenue of $6.9m and a net loss of $316,000. At that date it held total assets of $12.1m and shareholders' equity of $6.7m.
Coil Tubing Technology, Inc. provides coiled tubing tools and equipment to the oilfield well service industry and oil companies. The company is headquartered in Houston, Texas. The company went IPO on 2000-05-10. The firm focuses on four categories of coil tubing applications: tubing fishing, tubing work over, coil tubing drilling, and the inspection of tubulars and coil tubing. The company supplies a range of tools to oil companies, coiled tubing operators and well servicing companies. The company focuses on the development, marketing, sales and rental of tools, inspections and related technical solutions for use with coil tubing and jointed pipe in the bottom hole assembly (BHA) for the exploration and production of hydrocarbons. The company rents or sells its coil tubing products to oil and gas companies engaged in horizontal drilling activities located in the United States, Mexico and Canada. The company provides tools to oil companies, coiled tubing operators and well service companies for use in thru tubing fishing, thru tubing well stimulation workover, and coiled tubing lateral drillout operations.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- N/A
- Industry
- N/A
- Listed since
- 10 May 2000
- Employees
- 28
- Website
- coiltubingtechnology.com ↗
Leadership
Pay as last reported
- Mr. Richard RoyallChief Financial Officer$180,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Coil Tubing Technology Inc has several strengths that contribute to its success in the industry. Firstly, the company has a strong reputation for providing high-quality and reliable coil tubing services. This is backed by a team of experienced professionals who possess extensive knowledge and expertise in coil tubing operations.
- Secondly, Coil Tubing Technology Inc boasts a diverse range of advanced equipment and technologies, allowing them to effectively handle various well intervention and completion activities. This gives them a competitive edge in delivering efficient and cost-effective solutions to their clients.
- Furthermore, the company has established long-term relationships with key players in the oil and gas industry, both domestically and internationally. These partnerships provide them with a steady stream of projects, fostering ongoing growth and financial stability.
Weaknesses
- Despite its strengths, Coil Tubing Technology Inc also faces certain weaknesses that can hinder its performance. One weakness is the potential impact of fluctuations in oil prices. A significant drop in oil prices can lead to reduced exploration and production activities, thereby affecting the demand for coil tubing services.
- Additionally, the company heavily relies on a limited number of suppliers for critical equipment and materials. Any disruptions or delays in the supply chain can disrupt operations and cause potential setbacks.
Opportunities
- Coil Tubing Technology Inc has various opportunities to capitalize on in the market. One opportunity is the growing trend towards unconventional oil and gas extraction techniques, such as hydraulic fracturing. This technique often requires well intervention services like coil tubing, presenting a potential avenue for expansion.
- Furthermore, as the industry continues to evolve, there is a growing demand for environmentally friendly and sustainable practices. Coil Tubing Technology Inc can seize this opportunity by investing in research and development to offer eco-friendly solutions, positioning themselves as a leader in environmentally responsible well intervention.
Threats
- Coil Tubing Technology Inc faces several threats that could impact its operations. One notable threat is the increasing competition in the coil tubing sector. As more players enter the market, there may be price pressures and a need to continually innovate to differentiate themselves from competitors.
- Moreover, regulatory changes related to environmental policies and safety standards can impose additional costs and compliance requirements on the company. These changes may impact the overall profitability and viability of coil tubing operations.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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