trueNAICSVarel Energy Solutions NAICS Code
Richard is on the board of directors of Varel International Energy Services, a global manufacturer of drill bits and completion equipment, and Advanced Industrial Devices, a manufacturer of artificial lift controls.
About Varel Energy Solutions
Varel Energy Solutions, legally known as Varel Company, is a company based in Matamoros, Tamaulipas, specializing in well construction and drilling solutions. The company offers a range of products and services including PDC drill bits, roller cone drill bits, casing solutions, deployment enhancement, and completion solutions. Varel Energy Solutions is recognized for its innovative and reliable well construction solutions, backed by strategic investments from Bluewater and Nixon Energy Investments. The company is committed to accelerated growth and becoming a leading value creator in the well construction space.
Primary NAICS Classification
213111Drilling Oil and Gas WellsAlso Classified Under
Revenue Breakdown by NAICS
Estimated revenue distribution across industry classifications:
Core Offerings
- •PDC Drill Bit Manufacturing
- •Sustainable Energy Product Development
- •Roller Cone Drill Bit Manufacturing
- •Drill Bit Manufacturing
- •Downhole Product Manufacturing
- •Completion Solutions
- •Energy Sector Product Distribution
- •Casing Solutions
- •Well Construction Solutions
- •ESG-Focused Energy Solutions
- •Deployment Enhancement Solutions
Industry Classification
Technologies
Code Crosswalks
| System | Code | Title |
|---|---|---|
| SIC | 1381 | Drilling Oil and Gas Wells |
| NACE | 09.1 | Support activities for petroleum and natural gas extraction |
| ISIC | 0910 | Support activities for petroleum and natural gas extraction |
Contact info, insurance codes, full tech stack, additional locations, and more
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