SHEAR BITS

Business Services · Texas, United States · 11-50 Employees

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Overview

Headquarters

220 Spring Hill Dr Ste 200, Spring, Texa...

Phone Number

(713) 389-5446

Revenue

$5.8 Million

Industry

Business Services Manufacturing Research & Development Industrial Machinery & Equipment
ZI Rank: 1
Signal Type
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ZI Rank
1
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About SHEAR BITS

SHEAR BITS is a privately held company, founded and staffed by industry experts, with a fresh approach to oilfield technology development. The company is specifically focused on providing the industry with an urgently needed service: custom engineered products and solutions to improve performance, and therefore reduce operating cost, in demanding applications. SHEAR BITS has grown very rapidly by delivering an unmatched level of service and performance - the company is proud to have made hole with an ever-growing group of operators around the world. All design engineering and product development work, including post run evaluation, is performed by highly experienced personnel - the company's product development team members each have over a decade of drill bit and downhole tool design & development experience. This level of expertise allows rapid, thorough, successful response to drilling challenges. Whether the solution is a new technology, or simply optimizing the operating conditionRead more
SHEAR BITS's Social MediaPopular SearchesSHEAR BITS - LtdShear BitsShear Bits IncShear Bits LtdShearbitsSIC Code 87,873NAICS Code 54,541Show more

SHEAR BITS Org Chart

PhoneEmail
CH
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Partner and President

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Company Name

Revenue

Number of Employees

Type

Funding

Founded In

Top Executive

SHEAR BITS

$5.8M
11-50
Private
<$5M
2008
CH
Carl HoffmasterPartner and President
$8.3M
11-50
Private
-
1993
$6.3M
11-50
Private
<$5M
2010
<$5M
11-50
Private
-
2008
GI
Gabriel IkpeManager, Finance
<$5M
1-10
Private
-
1980
<$5M
1-10
Private
-
2016
JL
Jimmy LegerDirectional Drilling Manager
Illustration of an envelope

Company Profile Activity

i

Among all Business Services companies

Low Activity

High Activity

Activity Insights

SHEAR BITS is experiencing very low activity levels compared to other companies in the Business Services sector.

What does this means?

SHEAR BITS is drawing exceptional interest within the Business Services industry, suggesting notable developments or strong market momentum, learn more about SHEAR BITS.

SHEAR BITS financials insights

Gather financial insights about SHEAR BITS, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.

2021

Debt

$132K

See All SHEAR BITS's Financials Insights

SHEAR BITS Tech Stack

A closer look at the technologies used by SHEAR BITS

Top Business Services Companies

Frequently Asked Questions Regarding SHEAR BITS

What is SHEAR BITS's official website?
SHEAR BITS's official website is www.shearbits.com
What is SHEAR BITS's Revenue?
SHEAR BITS's revenue is $5.8 Million
What is SHEAR BITS's SIC code?
SHEAR BITS's SIC: 87,873
What is SHEAR BITS's NAICS code?
SHEAR BITS's NAICS: 54,541
How many employees does SHEAR BITS have?
SHEAR BITS has 11-50 employees
What industry does SHEAR BITS belong to?
SHEAR BITS is in the industry of: Business Services, Manufacturing, Research & Development
What is SHEAR BITS competition?
SHEAR BITS top competitors include: Drillog Petro-Dynamics, Palmer Bit, Ackerman Drilling Services, Warrior Directional Drilling
What technology does SHEAR BITS use?
Some of the popular technologies that SHEAR BITS uses are: Microsoft 365, GoDaddy DNS, Microsoft Exchange Online
How do I contact SHEAR BITS?
SHEAR BITS contact info: Phone number: (713) 389-5446 Website: www.shearbits.com
What does SHEAR BITS do?

SHEAR BITS is a privately held company, founded and staffed by industry experts, with a fresh approach to oilfield technology development. The company is specifically focused on providing the industry with an urgently needed service: custom engineered products and solutions to improve performance, and therefore reduce operating cost, in demanding a... pplications. SHEAR BITS has grown very rapidly by delivering an unmatched level of service and performance - the company is proud to have made hole with an ever-growing group of operators around the world. All design engineering and product development work, including post run evaluation, is performed by highly experienced personnel - the company's product development team members each have over a decade of drill bit and downhole tool design & development experience. This level of expertise allows rapid, thorough, successful response to drilling challenges. Whether the solution is a new technology, or simply optimizing the operating conditions of an existing product to reach new levels of performance, the SHEAR BITS team is equipped to achieve. The SHEAR BITS product development team has extensive experience creating innovative product solutions for some of the most demanding applications around the world.Read More

What are SHEAR BITS social media links?
SHEAR BITS Linkedin page SHEAR BITS Facebook page
Is SHEAR BITS a public company?
SHEAR BITS is private company therefore does not currently have an official ticker symbol
See more information about SHEAR BITS

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