Core Laboratories Inc. (CLB)

Overview

Core Laboratories Inc. is a pioneering provider in the oil and gas industry, offering essential reservoir description and production enhancement services and products across the United States and globally. With a history dating back to 1936, the Houston, Texas-based company has built its reputation on delivering innovative solutions that significantly improve the efficiency, recovery, and production of crude oil and gas from reservoirs. Core Laboratories operates through two main segments: Reservoir Description and Production Enhancement, each designed to address the specific needs of their clients in the exploration and production (E&P) sector. The company's approach to market and sell its products includes sales representatives, technical seminars, trade shows, print advertising, and distribution channels.

Products and Services

Core Laboratories Inc.'s offerings can be broadly categorized into two segments, with various services and products under each:

• Reservoir Description

  This segment focuses on the characterization of petroleum reservoir rock and fluid samples, which is critical for enhancing oil and gas production and improving recovery methods from reservoirs. Services and products under Reservoir Description include:

  • **Laboratory-Based Analytical Services:** These involve the analysis of reservoir rocks and fluids to determine their properties and behavior under different conditions.
  • **Field Services:** Core Laboratories provides on-site services that aid in the characterization and evaluation of crude oil, gas, and other petroleum products.
  • **Proprietary and Joint Industry Studies:** The company conducts extensive research studies, often in collaboration with industry partners, focusing on improving extraction techniques and processes.
  • **Carbon Capture, Utilization and Storage (CCUS) Services:** As part of their environmentally focused initiatives, Core Laboratories offers services that support carbon management projects.
  • **Geothermal Projects:** They extend their expertise to support the development and optimization of geothermal energy projects.
  • **Mining Evaluation and Appraisal Services:** Beyond oil and gas, Core Laboratories also engages in services that help in the assessment of mining projects.
• Production Enhancement

  The Production Enhancement segment is designed to optimize the completion and productivity of oil and gas wells. Included in this segment are:

  • **Reservoir Well Completions Services:** Core Laboratories provides specialized services for enhancing the efficiency of well completions.
  • **Perforations and Stimulations Services:** These services are aimed at improving the flow of oil and gas from the reservoir to the wellbore.
  • **Production and Well Abandonment Services:** The company assists in maximizing production before the abandonment and ensures that well abandonment is performed safely and efficiently.
  • **Integrated Diagnostic Services:** Utilizing a range of diagnostic tools, Core Laboratories evaluates well completions and works to develop solutions that enhance oil recovery projects.