About MagVAR
MagVAR is a company based in Denver (United States) founded in 2010 by Stefan Maus was acquired by Helmerich & Payne in December 2017. The company has 17 employees as of December 31, 2017. MagVAR offers products and services including FlexRig, Drilling Automation, and AutoSlide. MagVAR operates in a competitive market with competitors including Nabors, Ulterra, Pason, Enhanced Drilling and Verdande Technology, among others.
- Headquarter Denver, United States
- Employees 17 as on 31 Dec, 2017
- Founders Stefan Maus
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Sectors
Energy & Utilities
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Magnetic Variation Services Llc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Latest Funding Round
Not available
- Investors
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Employee Count
17
as on Dec 31, 2017
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Acquired by
Helmerich & Payne
(Dec 08, 2017)
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Products & Services of MagVAR
MagVAR offers a comprehensive portfolio of products and services, including FlexRig, Drilling Automation, and AutoSlide.
Automated fleet for efficient oil and gas drilling operations
Systems to automate drilling and improve reservoir outcomes
Technology for precise wellbore placement and execution
Funding Insights of MagVAR
Detailed funding history for MagVAR
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Investors in MagVAR
MagVAR has secured backing from 1 investor. Prominent investors backing the company include H&P.
| Investor | Description | Founded Year | Domain | Location |
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H&P is recognized as a global leader in drilling efficiency.
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Locked | Locked | Locked |
Investor details for MagVAR
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Investments & Acquisitions by MagVAR
Investment portfolio details for MagVAR
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Financial Statements - MagVAR
Detailed financials for MagVAR
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Magvar Comparisons
Peer comparison for MagVAR
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Competitors of MagVAR
MagVAR operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nabors, Ulterra, Pason, Enhanced Drilling and Verdande Technology, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud and app-based onshore and offshore drilling solutions are provided.
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Manufacturer of polycrystalline diamond compact drill bits
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Integrated drilling data solutions are provided for real-time optimization.
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Technology solutions for drilling industry
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Provider of real-time drilling decision support for oil and gas industry
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Software solutions for drilling in oil & gas industry
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Detailed competitors of MagVAR
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Latest news on Magvar
Complete news archive for MagVAR
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Frequently Asked Questions about MagVAR
MagVAR was founded in 2010.
MagVAR is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
As of Dec 31, 2017, the latest employee count at MagVAR is 17.
MagVAR was founded in 2010 and is headquartered in Denver, United States. Operations focus on the oil and gas sector, where solutions for directional drilling are delivered. In-Field Referencing (IFR) is offered to enhance well placement accuracy through a 3D geomagnetic reference model. Real-time steering is supported by this model, aiding precise navigation in drilling activities across various geographic regions.
MagVAR offers FlexRig, Drilling Automation, and AutoSlide.
MagVAR has 1 investor. Key investors include H&P.