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Grant Prideco, Inc. (the "Company") is the world's largest manufacturer and supplier of oilfield drill pipe and
other drill stem products and one of the leading North American providers of
high-performance premium connections and tubular products. We are a global
leader in drill bit technology, manufacturing, sales and service.
Our common stock
is listed and traded on the New York Stock Exchange (NYSE) under
the symbol "GRP".
Our Drilling Products and Services division manufactures and sells a full range of proprietary and American Petroleum Institute (API) drill pipe, drill collars, heavy weight drill pipe, and accessories. Our Tubular Technology and Services division designs, manufactures, and sells a complete line of premium connections and associated premium tubular products and accessories. Our ReedHycalog® division is a leading manufacturer and supplier of drill bits and related applications technology. These bits reduce drilling costs and risks through the use of advanced materials, designs, engineering and software. Our customers include major, independent and state-owned
oil companies, drilling contractors, oilfield service companies,
and North American oil country tubular goods (OCTG) distributors.
We operate 22 manufacturing facilities located in the United
States,
Mexico, Canada, Europe, and Asia. We sell and service our products
through facilities located around the world. Overview
of global operations.
Corporate Compliance and Business Ethics Manual-English
Corporate Compliance and Business Ethics Manual-Spanish
Corporate Compliance and Business Ethics Manual-Chinese
Corporate Governance Principles
Board of Director and Management Profiles
Board of Director Committee Overviews
Committee Membership
Nominating and Corporate Governance Committee Charter
Audit Committee Charter
Compensation Committee Charter
Restated Certificate of Incorporation
Restated Bylaws
Communications with the Board of Directors
SEC Filings
2006 Annual Report
2006 Grant Prideco 10-K
2007 Grant Prideco Proxy Statement
Section 16 Filings
Drilling Products and Services
Our drilling products and services segment manufactures and sells
a full range of proprietary and American Petroleum Institute (API)
drill pipe, drill collars, heavy weight drill pipe, and accessories.
Our drilling products primarily include highly engineered tools
specifically designed for today's difficult and harsh drilling environments
and include a wide variety of sizes, designs, and metallurgy. These
drill stem products make up the principal tools (other than the
rig) used for the drilling of an oil or gas well. The drilling rig
motors rotate the drill pipe and drill bit, and the drill pipe provides
a mechanism to steer the drill bit and serves as a conduit for drilling
fluids and cuttings. Drill collars and heavy weight drill pipe are
additional elements of the drill string. Drill collars place additional
weight on the drill bit to improve the penetration rate and directional
control, with heavy weight drill pipe serving as a gradual transition
zone between the heavy drill collars and the relatively lighter
drill pipe.
In recent years, the depth and complexity of the
wells our customers drill, as well as the specifications and requirements
of the drill pipe they purchase has substantially increased. Today,
approximately 95% of the drill pipe we sell is required to exceed
minimum API specifications. In response to this trend, we offer
a broad line of premium drilling products for the offshore, international
and domestic land drilling markets. Our premium drilling products
include our proprietary lines of XT® connections and our patented
5 7/8 inch drill pipe. This product delivers hydraulic performance
and economic benefits superior to standard 5 ½ inch pipe.
We are also developing advanced technologies, such as our "intelligent"
drill pipe with an embedded telemetry system.
Tubular Technology
and Services
Our tubular technology and services segment designs, manufactures,
and sells a complete line of premium connections and associated
premium tubular products and accessories. The term "premium"
connections refers to threaded connections with the ability to
handle high torque, tension, and pressure while maintaining a
gas-tight
seal. Premium tubulars are seamless casing or tubing with high-alloy
chemistry and superior burst and collapse-resistance characteristics
under harsh conditions. Our connections and premium products are
used primarily for the completion of gas wells, offshore wells,
and other wells that are drilled in harsh, high-temperature or
high-pressure environments or in environmentally sensitive areas.
Our Atlas Bradford® product line has been recognized
as one of the industry's leading premium connections for more than
40 years, and it is one of the most comprehensive product line offerings
in the industry. Recently we developed, patented and brought to
market the only thread currently used on expandable tubular products--a
market with substantial growth opportunities. Additionally, we sell
premium casing designed to meet specifications not generally offered
by steel mills through our TCA™ product line. We also provide
processing services for major tubular steel mills.
We manufacture premium tubular accessories
and flow-control equipment, through our Tube-Alloy™
product line. Our vacuum-insulated tubing represents an advanced
flow-control solution used in the Gulf of Mexico to minimize
paraffin deposits, gas hydrate formation, and annular pressure
buildup in deepwater production environments.
ReedHycalog® is a leading manufacturer and supplier
of drill bits and related applications technology. Our roller
cone and fixed cutter product lines offer specialized solutions
for a full range of drilling operations. These bits reduce drilling
costs and risks through the use of advanced materials, designs,
engineering and software. Our long-term commitment to a culture
of learning and knowledge sharing ensures industry-leading performance.
Management Team
Michael McShane
Matt Fitzgerald
Lias J. "Jeff" Steen
John Deane
John R.
Beltz
David Black
Greg L. Boane
Philip A. Choyce
Dan M. Latham
Gary W. Childress
Quintin V. Kneen
Jim Breihan
Board of Directors
David J. Butters
Eliot M. Fried
Gordon T. Hall
Dennis R. Hendrix
Harold E. Layman
Michael McShane - Chairman
Robert K. Moses,
Jr.
Joseph E. Reid
David A. Trice
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