Hat Bit Supply Ltd.
HAT BIT SUPPLY
Hat Bit Supply sells, rents and retips
oilfield drill bits for use in oil and gas well drilling.
Retipping is a welding process used to build up drill bit teeth
with a hardened metal. With the teeth built up, the bits are
well suited to further use. Retipped bits provide a less
expensive alternative compared to the purchase of new drill bits.
The company has developed an expertise in this remanufacturing
process and the marketing of these products in the domestic
market. In addition, the company sells and rents new or used
drill bits. The bits are delivered by field salesmen to
drilling rigs on a timely basis for use. Deliveries are made
from any of the companies six locations. These locations are
Redcliff, Brooks, Lloydminster, Edmonton, Grande Prairie and
Gull Lake, SK.
Many new drill bits are secured on a consignment basis from an
Edmonton distributor. Sales of these bits attract a commission
paid directly by the distributor to Hat Bit. In the most recent
year the company has also began purchasing new drill bits from
Russia. These bits are purchased from JSC Volgaburmash.
Use drill bits that are sold or rented are secured primarily
from sources in Texas, Oklahoma and Illinois. These bits are
freighted to the main shop, serviced and sorted according to
appropriate use and location.
Retipping activities of the business include renewing Hat Bit
stock as well as retipping customer's own bits. Hat Bit stock,
when retipped, goes into the sales or rental channels.
Customers bits that are retipped are charged and returned to
the customer for drilling use.
CURRENT GEOGRAPHIC MARKETING ACTIVITY
While the company is well based in the domestic Canadian market,
export marketing is new to the company. It has had initial
exposure to the process with occasional small shipments to the
USA and to Venezuela. Marketing in these cases was handled
direct through its head office in Medici
Company Details
Year Established:
1991
Total Sales ($CDN):
$100,000 - $200,000
Number of Employees:
15
Company Information
Twyla Fisher
Title:
Controller
Area of Responsibility:
Finance/Accounting
Telephone:
(403) 223-3668
Fax:
(403) 223-4338
Email:
Click Here
Ed Laninga
Title:
General Manager
Area of Responsibility:
Management Executive
Telephone:
(403) 693-3220
Fax:
(406) 261-3751
Email:
Click Here
Debbie Kroeker
Title:
Administrator
Telephone:
(403) 223-3668
Fax:
(403) 223-4338
Email:
Click Here
Rick Souther
Title:
President
Area of Responsibility:
Management Executive
Telephone:
(403) 223-3668
Fax:
(403) 223-4338
Email:
Click Here
Products
Re-tipped Tri-cone Rotary Drill Bits
Pdc Drill Bit
Rental of PDC bits to the oil and gas industry.
Services