ERC Industries, Inc. - ERCI- Profile

ERC Industries, Inc. manufactures, remanufactures and services oilfield valves, wellhead equipment and drilling products. Well head equipment is designed to support the casing and production pipe on a completed well and includes casing heads, tubing heads and casing and tubing hangers. Valves are assembled with other components into a device which is mounted on the wellhead equipment. This valve is used to control pressure and the flow of oil and gas from producing wells. The operations of the company are conducted from 20 domestic locations and 13 international locations. Manufacturing facilities are located in Houston, Texas, Shawnee, Oklahoma, Cumbernauld, Scotland and Cuidad Ojeda, Venezuela. The customers of the company incude both domestic and international oil and natural gas companies. The company incurred $.7 mil. towards year 2000 expenses till date. In 1999 the company acquired Wood Group Pressure Control Holdings Limited.