Smith International Company Description
Smith International is anything but anonymous for oil and gas producers. The company makes premium drill bits, drilling fluids, and related products and, via its Smith Services unit, offers drilling-related services. Its 60%-owned M-I SWACO unit sells fluids used to cool and lubricate drill bits and prevent pipes from clogging. M-I SWACO owns sites from which it mines some of the barite and bentonite used to make drilling fluids. Its Wilson business provides pipes and fittings, tools, and maintenance and janitorial supplies, primarily to oil and mining companies. Smith Technologies produces drill bits and other drilling equipment. In 2008, the company agreed to acquire W-H Energy for $3.2 billion.
View the Comprehensive Company Description for Smith International
The Company Description provides a historical perspective of Smith International's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Smith International's evolution in the marketplace.
