Drilling Tools International Corp
Houston, Texas, United States · Energy, Manufacturing, Oil And Gas
Drilling Tools International Corp. (DTI) is a leading oilfield services company based in Houston, Texas, with a history dating back to 1984. It specializes in manufacturing and renting downhole drilling tools for horizontal and directional drilling of oil and natural gas wells. With 16 locations across North America and 4 international stocking points across Europe and the Middle East, DTI is focu
Key facts
- Headquarters
- Houston, Texas, United States
- Employees
- 450
- Industries
- Energy, Manufacturing, Oil And Gas
- Status
- Public (DTI)
- Website
- drillingtools.com
- Company page
Recent activity at Drilling Tools International Corp
- : SEC 8-K (8.01): On October 13, 2026, Drilling Tools International Holdings, Inc. engaged a Norwegian investment bank to arrange a series of fixed income investor meetings starting October 14, 2026. A potential U.S. dollar denominated senior secured bond issue may follow, which will fund the acquisition of Saltire Energy Limited, repay existing loans, and be used for general corporate purposes. The offering is targeted towards qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. The company emphasizes that this is not an offer to sell securities that are unregistered under the Securities Act.
- : Drilling Tools International Corporation Completes Acquisition of Saltire Energy Limited
- : Drilling Tools International to acquire Saltire and Foxley
- : SEC 8-K (7.01): On October 8, 2026, Drilling Tools International Corporation (DTI) entered into a Share Purchase Agreement with Saltire Energy Limited and Foxley Energy Limited, which are private limited companies based in Scotland. This agreement involves DTI's acquisition of all issued share capital of both companies, thus expanding its capabilities and market position. The transaction is significant for DTI as it aims to enhance its service offerings. A conference call was also conducted to discuss the details and implications of this acquisition.
- : SEC 8-K (1.01): On October 8, 2026, Drilling Tools International Corporation entered into a Share Purchase Agreement to acquire Casing Technologies Group Limited, a wholly owned subsidiary of the Company, from sellers including Saltire Energy Limited and Foxley Energy Limited. The transaction reflects strategic efforts to expand operations in the drilling tools sector. The agreement involves multiple parties, including individual trustees of The Loggie Family Trust. While the financial amounts involved in the transaction have not been disclosed, the acquisition signifies a consolidation strategy aimed at enhancing the Company's market position in the energy sector.
- : SEC 8-K (7.01):
- : SEC 8-K (7.01):
- : SEC 8-K (5.02): On April 28, 2026, Drilling Tools International Corporation held its Annual Meeting of Stockholders, where Ira H. Green, Jr., Daniel J. Kimes, and Jeremy D. Thigpen were elected as directors, while R. Wayne Prejean, Curtis L. Crofford, John D. Furst, and Eric Neuman were reelected, with each to serve until the 2027 Annual Meeting. Concurrently, R. Wayne Prejean began his role as Chairman of the Board, having previously been appointed as President and CEO, while John D. Furst was designated as Lead Independent Director. The meeting also marked the end of terms for directors Thomas M. “Roe” Patterson and C. Richard Vermillion, both of whom chose not to seek reelection. This event enhances the governance structure of the company as it transitions into a new board composition, potentially impacting future strategic decisions.
- : SEC 8-K (7.01):
- : SEC 8-K (5.02): On January 26, 2026, Drilling Tools International Corporation appointed Ira H. Green, Jr. as a director to fill the vacancy left by the passing of Thomas Hicks. Mr. Green brings over 35 years of investment banking experience, particularly in the energy sector, and has previously served as Managing Director at Piper Sandler & Co. Concurrently, C. Richard Vermillion informed the Board of his decision not to seek reelection, with his tenure concluding at the next annual meeting. This transition is part of the Board's ongoing refreshment process initiated in summer 2025 to align its expertise with the company’s strategic objectives.
Leadership
- David Johnson, Chief Financial Officer
- Wayne Prejean, Chief Executive Officer
Verified email and direct lines for Drilling Tools International Corp’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
Employee benefit plans
Drilling Tools International Corp files 4 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.
Drilling Tools International Corp in the news
- Drilling Tools International Corp. Announces 2026 Second Quarter Earnings Release and Conference Call Schedule - Yahoo Finance (Jul 23, 2026)
- Drilling Tools International Corp. Announces 2026 Third Quarter Earnings Release and Conference Call Schedule - Yahoo Finance (Oct 22, 2026)
- Drilling Tools International Corp. Signs Definitive Agreement to Acquire Saltire Energy Limited & Foxley Energy Limited - marketscreener.com (Oct 08, 2026)
- Drilling Tools Intl Reports Q2 2026 Results: Full Earnings Call Transcript - Benzinga (Oct 13, 2026)
- Drilling Tools International (Nasdaq:DTI) - Stock Analysis - Simply Wall Street (Jun 23, 2023)
- Drilling Tools International, a Leading Oilfield Services Company, Completes Business Combination with ROC Energy Acquisition Corp. and Will Commence Trading on Nasdaq Under Ticker Symbol "DTI" - PR Newswire (Jun 20, 2023)
- Drilling Tools International (DTI) Stock Price, News & Analysis $DTI - MarketBeat (Jun 26, 2023)
- 17.4 million shares plus cash form Drilling Tools (DTI)'s deal to acquire Saltire and Foxley. - Stock Titan (Oct 08, 2026)
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About Drilling Tools International Corp: questions and answers
What does Drilling Tools International Corp do?
Drilling Tools International Corp. (DTI) is a leading oilfield services company based in Houston, Texas, with a history dating back to 1984. It specializes in manufacturing and renting downhole drilling tools for horizontal and directional drilling of oil and natural gas wells. With 16 locations across North America and 4 international stocking points across Europe and the Middle East, DTI is focu
Where is Drilling Tools International Corp headquartered?
Drilling Tools International Corp is headquartered in Houston, Texas, United States.
How many employees does Drilling Tools International Corp have?
Drilling Tools International Corp has about 450 employees.
Who leads Drilling Tools International Corp?
Wayne Prejean is a Chief Executive Officer at Drilling Tools International Corp.
What is the latest news on Drilling Tools International Corp?
On Oct 13, 2026, SEC 8-K (8.01): On October 13, 2026, Drilling Tools International Holdings, Inc. engaged a Norwegian investment bank to arrange a series of fixed income investor meetings starting October 14, 2026. A potential U.S. dollar denominated senior secured bond issue may follow, which will fund the acquisit
Is Drilling Tools International Corp a public company?
Yes. Drilling Tools International Corp is publicly traded under the ticker DTI.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy