BNET Industries
Market Cap:$316.5M
Last Fiscal Year Sales:$285.3M
- Public
- US
Dow Jones Description
T-3 Energy Services, Inc. (Company, we or us) designs, manufactures, repairs and services products used in the drilling and completion of new oil and gas wells, the workover of existing wells, and the production and transportation of oil and gas. Our products are used in both onshore and offshore applications throughout the world. Our customer base consists of other oilfield service companies, major and independent oil and gas companies, national energy companies and pipeline companies. We are a publicly traded Delaware corporation with principal executive offices located at 7135 Ardmore, Houston, Texas 77054. Our common stock is traded on The NASDAQ Global Select Market under the symbol TTES. As of March 2, 2009, we had 22 manufacturing facilities, 21 of which were strategically located throughout North America and one of which was located in India. We focus on providing our customers rapid response times for value adding products and services. We believe that our original equipment products have gained market acceptance, resulting in greater sales to customers that use our products in both domestic and international operations. We have three product lines: pressure and flow control, wellhead and pipeline, which generated 73%, 15% and 12% of our total revenue, respectively, for the year ended December 31, 2008. We offer original equipment products and aftermarket parts and services for each product line. ...
President, Chief Executive Officer and Chairman of The Board
Gus D. HalasNumber of Employees 748
Peer Companies
NAICS Code Oil and Gas Field Machinery and Equipment Manufacturing: 333132
News & Analysis
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Analyst Reports for bebe Stores, Inc., Intersil Corporation, T-3 Energy Services Inc. and City Bank
MaybachFinancial.com is one of the fastest growing independent and unbiased research firms in the world. Through our numerous partnerships with many of the top investment minds in the world, we provide research on companies making a move in the markets. Investors seeking genuine analyst opinions on their investments for bebe...
Additional news...
* New York-based investment firm Third Point LLC is asking Pogo Producing Co.'s (NYSE: PPP) board to sell the company. Third Point holds 4 million Pogo shares, or a 7.2% stake. Daniel Loeb, Third Point chief executive, says Pogo management has failed to pursue cohesive exploration, development, acquisition and financial...
T-3 Energy Services Inc. Appoints Ernst & Young as Independent Auditors
Business/Energy Editors T-3 Energy Services Inc. (Nasdaq:TTES) today announced that its Board of Directors has appointed Ernst & Young LLP as its independent auditors for the 2002 fiscal year. The firm will replace Arthur Andersen LLP effective immediately and will review the Company's consolidated financial statements for the quarter...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| James M. Mitchell | Chief Financial Officer & Senior Vice President |
| Keith Klopfenstein | Chief Operating Officer |
| Michael Mino | Chief Financial Officer |
| Allan C. Bruns | Vice President, Sales |
| Douglas B. Whiting | General Counsel & Vice President |
| Peter Sktich | Vice President, HR |
| Adam Barrilleaux | |
| Deborah McDonald | |
| Gary Shaeper | |
| Jacob Gomez | |
| Pete Skertich | |
| Richard Safier | |
| Ben A. Guill | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Gus D. Halas | President, Chief Executive Officer and Chairman of The Board |
| Steven W. Krablin | Chairman, President & CEO |
| Ben A. Gill | Board of Directors |
| James M. Tidwell | Board of Directors |
| Joseph R. Edwards | Board of Directors |
| Robert L. Ayers | Board of Directors |
| Stephen A. Snider | Board of Directors |
| Thomas R Bates Jr | Board of Directors |
Gus D. Halas has served as President and Chief Executive Officer and as a director since May 1, 2003. He was elected Chairman of the Board on March 8, 2004. From August 2001 to April 2003, Mr. Halas served as President and Chief Executive Officer of Clore Automotive, Inc., a Lenexa, Kansas-based manufacturer and distributor of after-market auto parts and supplies. From January 2001 to May 2001, Mr. Halas served as President and Chief Executive Officer of Marley Cooling Tower Company, a manufacturer of evaporative water-cooling towers for generation, industrial refrigeration and HVAC markets throughout the world. From January 1999 to August 2000, Mr. Halas served as President of Ingersoll-Dresser s Pump Services Group, a remanufacturer and service provider of centrifugal pumps. From September 1986 to January 1999, Mr. Halas spent his career in various management roles, most recently as Senior Vice President, Customer Support Services of Sulzer Industries, Inc., a manufacturer, remanufacturer and service provider of centrifugal pumps. Mr Halas is a director of Aquilex Corporation.
| Organization | Position | Status |
|---|---|---|
| T-3 Energy Services, Inc. | President, Chief Executive Officer and Chairman of The Board | Current |
| Aquilex Corporation Corp | Director | Current |
| Clore Automotive LLC | Chief Executive Officer | Former |
| Clore Automotive LLC | President | Former |
Steven W. Krablin has served as President, Chief Executive Officer and Chairman of the Board since his appointment on March 23, 2009. Mr. Krablin was a private investor from April 2005 until such appointment. From April 2008 until August 2008, Mr. Krablin served as Executive Vice President and Chief Financial Officer of IDM Group Limited, a provider of drilling equipment and other goods and services to the oil and gas industry. From January 1996 until his retirement in April 2005, Mr. Krablin served as Senior Vice President and Chief Financial Officer of National Oilwell Varco, Inc. or its predecessors, a manufacturer and distributor of oil and gas drilling equipment. Prior to 1996, Mr. Krablin served as Senior Vice President and Chief Financial Officer of Enterra Corporation until its merger with Weatherford International, Inc. Mr. Krablin is a director of Hornbeck Offshore Services, Inc. and Chart Industries, Inc.
| Organization | Position | Status |
|---|---|---|
| T-3 Energy Services, Inc. | Chairman, President & CEO | Current |
| Chart Industries, Inc. | Director | Current |
| Royal Oaks Bank | Director | Current |
| Hornbeck Offshore Services, Inc. | Director | Current |
| Weatherford International Ltd. | Chief Financial Officer | Former |
| The Idm Group | Chief Financial Officer | Former |
| National Oilwell Varco, Inc. | Chief Financial Officer | Former |
| Regal International | Chief Financial Officer | Former |
| Enterra Inc | Chief Financial Officer | Former |
| The Idm Group | Executive Vice President | Former |
| Weatherford International Ltd. | Senior Vice President | Former |
| National Oilwell Varco, Inc. | Senior Vice President | Former |
| Regal International | Senior Vice President | Former |
| Enterra Inc | Vice President | Former |
| Penn Virginia Corporation | Director | Former |
| Organization | Position | Status |
|---|---|---|
| T-3 Energy Services, Inc. | Chief Financial Officer & Senior Vice President | Current |
| Pride International, Inc. | Chief Financial Officer for Latin America Land and E&P Services | Former |
| Organization | Position | Status |
|---|---|---|
| T-3 Energy Services, Inc. | Chief Operating Officer | Current |
| Flow Products, Incorporated | Vice President of Strategic Operations | Former |
| T-3 Energy Services, Inc. | Vice President, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| T-3 Energy Services, Inc. | Chief Financial Officer | Current |
| T-3 Energy Services, Inc. | Vice President & Controller | Former |
| Organization | Position | Status |
|---|---|---|
| T-3 Energy Services, Inc. | Vice President, Sales | Current |
| Organization | Position | Status |
|---|---|---|
| T-3 Energy Services, Inc. | General Counsel & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| T-3 Energy Services, Inc. | Vice President, HR | Current |
| Organization | Position | Status |
|---|---|---|
| T-3 Energy Services, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| T-3 Energy Services, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| T-3 Energy Services, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| T-3 Energy Services, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| T-3 Energy Services, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| T-3 Energy Services, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| T-3 Energy Services, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Consolidatedvalve.Com | Director of Dresser, Inc. and Chairman of the Compensation Committee | Current |
| Masoneilan Company, Ltd. | Director of Dresser, Inc. and Chairman of the Compensation Committee | Current |
| Dresser Al Rushaid Valve and Instrument Co. (Darvico) | Director of Dresser, Inc. and Chairman of the Compensation Committee | Current |
| Waukesha Engine Division Dresser Industries | Current | |
| Rolligon Corp | Director | Current |
| Quanta Services, Inc. | Director | Current |
| National Oilwell Varco, Inc. | Director | Current |
| First Reserve Corporation | Board of Directors | Current |
| T-3 Energy Services, Inc. | Director | Current |
| Quality Tubing | Director | Current |
| Chart Industries, Inc. | Board of Directors | Current |
| Trico Marine Services, Inc. | Board of Directors | Current |
| Ctes, Ltd. | Board of Directors | Current |
| First Reserve Corporation | President | Former |
| First Reserve Corporation | Managing Director and Co-Head | Former |
| Simmons & Company International | Managing Director | Former |
| Dresser, Inc. | Director of Dresser, Inc. and Chairman of the Compensation Committee | Former |
| First Reserve Corporation | Corporate Manager of Private Investments | Former |
| Simmons & Company International | Co-Head of Investment Banking | Former |
| Chart Industries, Inc. | Chairman | Former |
| Dresser, Inc. | Board of Directors | Former |
| Wharton Graduate School of the University of Pennsylvania | M.B.A. | Former |
| Princeton University | B.A. Degree | Former |
| Blyth, Eastman Dillon & Co. | Team Member | Former |
| Organization | Position | Status |
|---|---|---|
| Wedge Group Inc. | Chief Executive Officer | Current |
| Wedge Group Inc. | President | Current |
| Pioneer Drilling Company | Class I Director | Current |
| Pioneer Drilling Company | Board of Directors | Current |
| T-3 Energy Services, Inc. | Board of Directors | Current |
| National MS Society | Board of Directors | Current |
| Chart Industries, Inc. | Board of Directors | Current |
| Control, Inc | President | Former |
| Daniel Measurement and Control, Inc. | President | Former |
| Wedge Group Inc. | Chief Operating Officer | Former |
| Wedge and Company | Chief Operating Officer | Former |
| Hydril Company | Chief Financial Officer | Former |
| Daniel Measurement and Control, Inc. | Executive Vice President | Former |
| Wedge and Company | Executive Vice President | Former |
| Wedge Group Inc. | Executive Vice President | Former |
| Hydril Company | Vice President | Former |
| Stewart & Stevenson Services, Inc. | member | Former |
| Organization | Position | Status |
|---|---|---|
| First Reserve Corporation | vice president | Current |
| T-3 Energy Services, Inc. | Board of Directors | Current |
| First Reserve Corporation | Director | Current |
| Quintana Maritime Limited | Board of Directors | Current |
| First Reserve Corporation | Managing Director | Former |
| Simmons & Company International | Analyst | Former |
| T-3 Energy Services, Inc. | Director | Former |
| The University of Texas | bachelors degree in Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| T-3 Energy Services, Inc. | Board of Directors | Current |
Stephen A. Snider is Chief Executive Officer and is a member of the board of directors. He also previously served as President. Mr. Snider held the positions of President, Chief Executive Officer and director of Universal beginning with the acquistion of Tidewater Compression Services, Inc. in 1998, and was appointed as Chairman of Universal Compressor Holdings, Inc. ("Universal") board of directors in 2006. He has over 26 years of experience in senior management of operating companies. Mr. Snider also serves on the board of directors of Energen Corporation (a diversified energy company focusing on natural gas distribution and oil and gas exploration and production) and the Memorial Hermann Hospital System, and as CEO and director of Exterran GP LLC, the managing general partner of Exterran Partners LLP (a master limited partnership that is 51% owned by Exterran). Mr. Snider serves as an officer and director of certain other Exterran majority-owned subsidiaries.
| Organization | Position | Status |
|---|---|---|
| Exterran Partners, L.P. | Chairman, President & CEO | Current |
| Exterran Holdings, Inc. | President & Chief Executive Officer | Current |
| Energen Corporation | Board of Directors | Current |
| T-3 Energy Services, Inc. | Board of Directors | Current |
| T-3 Energy Services, Inc. | Director | Former |
| Exterran Partners, L.P. | Director | Former |
| Organization | Position | Status |
|---|---|---|
| T-3 Energy Services, Inc. | Board of Directors | Current |
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