Koil Energy Solutions, Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.- CEO
- Charles K. Njuguna
- Full Time Employees
- 46
- Sector
- Energy
- Industry
- Oil & Gas Equipment & Services
- Address
- 18511 Beaumont Highway Houston TX United States of America 77049
- IPO Date
- Jun 22, 2000
- CIK
- 0001110607
- Website
- koilenergy.com
- Similar Companies
- Business
- Koil Energy Solutions, Inc. (OTCQB: KLNG) is an energy services company that provides specialized subsea equipment and support services to the global energy and offshore industries. The company offers core products including loose steel tube flying leads (LSFL), buoyancy solutions, storage and transportation products such as carousels, flying lead deployment frames, rapid deployment cartridges and subsea deployment baskets; subsea fluid and power distribution systems like the Moray Termination System and Subsea Accumulator Module (SAM); and umbilical termination solutions encompassing bend limiters, Bend Stiffener Latcher (BSL), and umbilical splice-compliant hardware; as well as riser isolation valves, subsea isolation valve systems, and related engineering, project management, installation, commissioning, maintenance, spooling, testing, and refurbishment services. Koil Energy Solutions serves integrated, large independent, and foreign national energy companies, subsea equipment manufacturers, installation contractors, offshore drilling contractors, and engineering firms primarily in offshore areas worldwide, with operations supported by its 260,000-square-foot manufacturing and fabrication facility in northeast Houston, Texas. Founded in 1997 by Mary L. Budrunas and Ronald E. Smith and headquartered at 1310 Rankin Road, Houston, Texas, the company, formerly known as Deep Down, Inc., rebranded to Koil Energy Solutions in April 2022. Recent developments include securing a multi-million-dollar contract in July 2024 for the design, engineering, and manufacturing of over 1,000-foot flying leads for a Gulf of Mexico operator; announcing three major projects in Q2 2025 comprising a subsea tie-back in the Gulf of Mexico, a renewable energy cable management services project, and its largest contract in nearly a decade for proprietary subsea flying leads; and in August 2025, winning a significant contract for control equipment in a subsea isolation valve system to enhance offshore platform safety, with engineering and procurement in 2025 followed by manufacturing in early 2026.
Koil Energy Solutions, Inc. (DPDW) CEO Charles Njuguna on Q1 2022 Results - Earnings Call Transcript
Deep Down, Inc. (now Koil Energy Solutions, Inc.) Announces Timing of Second Quarter 2022 Earnings Release and Conference Call
Deep Down, Inc. Announces Timing of First Quarter 2022 Earnings Release and Conference Call
Deep Down, Inc. (DPDW) CEO Charles Njuguna on Q4 2021 Results - Earnings Call Transcript
Deep Down, Inc. Announces Timing of Year-End 2021 Earnings Release and Conference Call
Deep Down, Inc. Announces Timing of Third Quarter 2021 Earnings Release and Conference Call
Deep Down's (DPDW) CEO Charles Njuguna on Q2 2021 Results - Earnings Call Transcript
Deep Down Successfully Completes Carousel Rental Project
Deep Down Announces Second Quarter 2021 Results
Deep Down, Inc. Announces Timing of Second Quarter 2021 Earnings Release and Conference Call
Deep Down, Inc. to Present at the 2021 LD Micro Invitational XI Conference
Deep Down, Inc.'s (DPDW) CEO Charles Njuguna on Q1 2021 Results - Earnings Call Transcript
Deep Down, Inc. Announces Timing of First Quarter 2021 Earnings Release and Conference Call
Deep Down, Inc. (DPDW) CEO Charles Njuguna on Q4 2020 Results - Earnings Call Transcript
Deep Down Announces Fourth Quarter and Full Year 2020 Results