When was Wenzel Downhole Tools founded?

Wenzel Downhole Tools was founded in 1994.

Where is Wenzel Downhole Tools located?

Wenzel Downhole Tools is headquartered in Calgary, Canada.

How many employees does Wenzel Downhole Tools have?

As of Jul 01, 2024, the latest employee count at Wenzel Downhole Tools is 51 - 200.

Is Wenzel Downhole Tools an acquired company?

Wenzel Downhole Tools got acquired by undefined on May 13, 2013.

Is Wenzel Downhole Tools a funded company?

Wenzel Downhole Tools is a funded company, having raised a total of $***** in its 1st and only funding round.

Where does Wenzel Downhole Tools rank among its competitors?

Wenzel Downhole Tools ranks 44th amongst 42 active competitors, of which 8 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Reelwell, which secured $3.8M in Mar, 2025.

Who are the top competitors of Wenzel Downhole Tools?

Wenzel Downhole Tools' top competitors include Nabors, Sekal and Pason. Among them, Reelwell secured the most recent funding round in March, 2025.

Wenzel Downhole Tools - 2026 Company Profile, Funding & Competitors

Company Details

Wenzel Downhole Tools focuses on developing and manufacturing of downhole drilling tools for the oil and gas industry. The company designs and develops drilling products including motors, jars, shock tools, accelerators, agitators, and bumper subs. The company was acquired by Basin Tools in May 2013 and operates as its subsidiary since then.

Website: downhole.com
Social
Email ID: *****@downhole.com
Phone Number: +1 **********
Part Of

Key Metrics

Founded Year

1994

Location

Calgary, Canada

Stage

Acquired

Investors

Altira Group

Ranked

44^th among 55 competitors

Employee Count

51 - 200 as on Jul 01, 2024

Similar Companies

Nabors & 39 more

Exit Details

Acquired

View Wenzel Downhole Tools' full profile

Wenzel Downhole Tools got acquired by on May 13, 2013 at an acquisition amount of $97.8M. It was facilitated by Raymond James and Macquarie.

Click here to take a look at Wenzel Downhole Tools's acquisition in detail

Wenzel Downhole Tools is a funded company. Wenzel Downhole Tools has 1 institutional investor.

View details of Wenzel Downhole Tools's funding rounds and investors

Wenzel Downhole Tools' employee count trend

Wenzel Downhole Tools has 51 - 200 employees as of Jul 24. Here is Wenzel Downhole Tools's employee count trend over the years:

Employee count trend for Wenzel Downhole Tools

Uncover Wenzel Downhole Tools' growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Wenzel Downhole Tools include Nabors, Sekal and Pason. Here is the list of Top 10 competitors of Wenzel Downhole Tools, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Nabors 1952, Houston (United States), Public	Provider of cloud and app-based onshore and offshore drilling solutions	-	Omega Advisors, Pamplona Capital Management	61/100
2nd	Sekal 2011, Sandnes (Norway), Acquired	Software solutions for drilling in oil & gas industry	$3.72M	Aramco Ventures, Equinor & 2 others	55/100
3rd	Pason 1978, Calgary (Canada), Public	Provider of integrated drilling data solutions	-	-	55/100
4th	Reelwell 2004, Stavanger (Norway), Series A	Developer of wired drill pipe technology for land and offshore use	$12.2M	Lime Rock Partners, Odfjell Technology & 2 others	52/100
5th	Ulterra 2005, Fort Worth (United States), Acquired	Manufacturer of polycrystalline diamond compact drill bits	-	Industrial Innovation Partners, Amberjack Capital	42/100
6th	Enhanced Drilling 1987, Straume (Norway), Acquired	Technology solutions for drilling industry	-	Viking Venture, Equinor & 1 others	42/100
7th	MagVAR 2010, Denver (United States), Acquired	Provider of solutions for well directional drilling	-	-	38/100
8th	AI Driller 2017, Houston (United States), Funding Raised	AI-powered platform optimizing drilling and completions operations for enhanced efficiency	-	Saltgrass Ventures, Terra VC & 3 others	37/100
9th	Petrolink 1990, Houston (United States), Unfunded	Wellsite data solutions unlocking oilfield data value through analytics and technology	-	-	37/100
10th	Verdande Technology 2004, Trondheim (Norway), Series B	Provider of real-time drilling decision support for oil and gas industry	$14.4M	Investinor, ProVenture & 3 others	36/100
44th	Wenzel Downhole Tools 1994, Calgary (Canada), Acquired	Downhole drilling tools for oil and gas industry	-	Altira Group	20/100