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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Tesco Corporation
Type
Public
Traded as NASDAQ: TESO
S&P 600 Component
Industry Oilfield Services
Founded 1993, Calgary, Alberta, Canada
Founder Robert Tessari
Headquarters Houston, Texas, United States
Area served
Global
Key people
Fernando R. Assing, President & CEO
Revenue Increase US$513.0 million (2011)
Number of employees
2,000
Website www.tescocorp.com

Tesco Corporation (Tesco) is an oilfield services company specializing in the design, manufacture and service of technology-based solutions for the upstream energy industry. Its headquarters are located in the Spring Branch district of Houston, Texas, United States.

On August 14, 2017, it was announced that Nabors Industries agreed to acquire Tesco Corporation in an all-stock transaction.

Tesco was created in December 1993 when Shelter Oil and Gas Ltd., Coexco Petroleum Inc., and Forewest Industries Ltd. merged as Tesco Corporation, originally Tesco Drilling Technology, a joint venture between the three. Tesco originally became famous for inventing the first portable land top drive, which won a Special Meritorious Award for Engineering at the 1994 OTC show. Since then, Tesco has branched out into casing running as well, including a casing running tool called the Casing Drive System, or CDS. In 2006, the company moved their headquarters from Calgary, AB to Houston, TX, while continuing to manufacture in Calgary.

On 30 April 2012, Tesco and Schlumberger announced a deal in which Tesco's CASING DRILLING™ division would be sold to Schlumberger for $45 million in cash.

Tesco provides top drive rental services on a day-rate basis for land and offshore drilling rigs and after-market sales and service for its customers. Tesco’s top drive rental fleet comprised 132 units on December 31, 2011. In order of size by region from highest to lowest, Tesco currently has rental units in Latin America, the United States and Canada, Russia, Asia-Pacific, Europe, and the Middle East. In response to the economic downturn and operating conditions during 2009, Tesco redeployed over 10% of Tesco’s U.S. fleet to international locations, including the Middle East, Latin America, Russia and Asia. Tesco's major competitors in the top drive market include National Oilwell Varco, Canrig, a subsidiary of Nabors, and FDS.

Similarly, Tesco provides conventional and proprietary casing running services. The company operates both conventional equipment and a proprietary casing running tool, the Casing Drive System, for rigs equipped with top drives. These technologies were originally developed for CASING DRILLING™, but were discovered to be useful on their own. In addition, several other accessories packages are available. Other companies operating in the same sector include National Oilwell Varco, Franks International, Canrig, and Weatherford International.

List of oilfield service companies

Investment goal date:
Dividends reinvested
Tesco Corporation TESO report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-05-10
--
--
Q4 2017
2018-03-01
--
--
Q4 2017
2018-02-26
--
--
Q3 2017
2017-11-07
--
--
Q3 2017
2017-11-07
-0.2000
-0.2800
Q2 2017
2017-08-08
-0.2500
-0.2600
Q1 2017
2017-05-09
-0.2900
-0.2900
Q4 2016
2017-02-28
-0.2800
-0.4300
Q3 2016
2016-11-04
-0.3700
-0.4800
Q2 2016
2016-08-09
-0.3900
-0.4700
Q1 2016
2016-05-10
-0.4600
-1.4500
Q4 2015
2016-03-01
-0.3300
-2.0000
Q3 2015
2015-11-04
-0.3200
-0.5100
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
BALYASNY ASSET MANAGEMENT LLC
2281224
Bank of New York Mellon Corp
600779
BlackRock Fund Advisors
4041653
BlackRock Inc.
5939612
BlackRock Institutional Trust Company, N.A.
1114157
DIMENSIONAL FUND ADVISORS LP
2729879
FMR LLC
6383817
FRANKLIN RESOURCES INC
555200
NORTHERN TRUST CORP
523657
PRICE T ROWE ASSOCIATES INC /MD/
6162863
ROYCE & ASSOCIATES LLC
661796
STATE STREET CORP
1024461
TEACHERS ADVISORS INC
533935
Vanguard Group, Inc
4143095
WELLINGTON MANAGEMENT CO LLP
5729488
Major Shareholders
Name Relationship
Total Shares
Holding stocks
KOTT GARY L
0.0900% (36935)
TESO /
SERRANO ELIJIO V
0.0300% (12334)
GSJK / TESO / TTI /
SERRANO ELIJIO V
0.0400% (17600)
GSJK / TESO / TTI /
REYNOLDS JOHN T
0.0300% (13398)
LRE / TESO /
SUTHERLIN MICHAEL W
0.1300% (52500)
BTU / JOY / SCHN / TESO /
SUTHERLIN MICHAEL W
0.1500% (59433)
BTU / JOY / SCHN / TESO /
ROBESON ROSE M
0.0200% (9432)
AMID / DPM / SM / TESO /
Robertson Norman W
0.1200% (47498)
TESO /
Dyment Fred J
0.1000% (39267)
TESO /
Kayl Robert L
0.2100% (82207)
TESO /
Quintana Julio M
0.5900% (236581)
BAS / NEM / SM / TESO /
Milligan Raymond Vance QC
0.0900% (37831)
TESO /
Milligan Raymond Vance QC
0.1000% (40899)
TESO /
Foster Jeffrey L
0.1400% (56752)
TESO /
Boone Christopher L
0.0600% (23704)
TESO /
Boone Christopher L
0.0800% (30592)
TESO /
ASSING FERNANDO RAFAEL
0.2900% (117640)
TESO /
ASSING FERNANDO RAFAEL
0.3500% (139347)
TESO /
LRP V Luxembourg Holdings S.a r.l.
8.0900% (3241617)
TESO /
Ferris Mihial Dean
0.0600% (23355)
TESO /
Dielwart John
0.0200% (9513)
DNR / TESO /
Dielwart John
0.0300% (12582)
DNR / TESO /
Ulakovic Darko
0.0100% (5933)
TESO /
Sloan Thomas B JR
0.0200% (9907)
NE / TESO /
McNiven Roy
0.0200% (7574)
TESO /
McNiven Roy
0.0300% (10649)
TESO /
Irausquin Michael
0.0100% (3416)
TESO /
Mawford Nicholas
0.0400% (15069)
TESO /
Niedermaier Michael
0.0300% (11574)
TESO /
Niedermaier Michael
0.0400% (16863)
TESO /
Greening Douglas
0.0200% (7442)
TESO /
Greening Douglas
0.0300% (12384)
TESO /
% ()