Common use of Existing Subsidiaries Clause in Contracts

Existing Subsidiaries. State of Business Name Incorporation Ownership % Description ---- ------------- ----------- ----------- Agri-Empresa, Inc. Texas 100% owned by Agri-Empresa, Inc. Drill Motor manufactures, blends, packages, Services, Inc. warehouses and distributes specialty chemicals used in oil service and industrial applications. Agri-Empresa Texas 100% owned by Agri-Empresa Transportation, Transportation, Inc. Drill Motor Inc. transports product via Services, Inc. trucking for Agri-Empresa, Inc. Char▇▇▇ ▇▇▇▇▇▇▇, Louisiana 100% owned by Char▇▇▇ ▇▇▇▇▇▇▇, ▇▇c. provides Inc. Perf-O-Log, Inc. cleaning and maintenance services to refineries, petrochemical plants and operators of oil and gas well▇. ▇iamond Wireline Texas 100% owned by Diamond Wireline Services Services, Inc. Perf-O-Log, Inc. provides wireline logging and perforating services to oil and gas companies. The company services are aimed primarily at improving the production rate of existing oil and gas well▇ ▇▇▇ in perforating new production zones once a zone or formation has been depleted. Drill Motor Louisiana 100% owned by Drill Motor Services, Inc. Services, Inc. Perf-O-Log, Inc. supplies premium, fluid driven, drilling motors to independent directional drillers. Dyna Drill Texas 100% owned by Dyna Drill Technologies, Inc. Technologies, Inc. Perf-O-Log, Inc. manufactures power sections for downhole drilling motors. 116 State of Business Name Incorporation Ownership % Description ---- ------------- ----------- ----------- Grinding & Sizing Texas 100% owned by Grinding & Sizing Co., Inc. Company, Inc. Drill Motor (GSI or the Company) is in the Services, Inc. business of size reduction (grinding) of products primarily for the drilling and specialty chemical fluids industry. Specifically, GSI private labels seepage control and loss circulation products related to the drilling process. The Company also performs custom (toll) grinding and produces products to customer specifications through custom blending and packaging. Additionally, GSI fabricates used and new grinding, blending and packaging equipment for itself as well as third parties. Integrity Industries, Texas 100% owned by Integrity Services, Inc. produces Inc. Drill Motor and wholesales specialty Services, Inc. chemicals and drilling fluids for the oil and gas industry. During the drilling process, special fluids or "muds" are used to flush away cuttings in the borehole and assist in pressure control. Pathfinder Energy Norway 100% owned by Provides logging-while-drilling Services AS PathFinder and measurement-while-drilling Energy Services services to the oil and gas Holding B.V. industry. Pathfinder Energy Netherlands 100% owned by Provides logging-while-drilling Services B.V. PathFinder and measurement-while-drilling Energy Services services to the oil and gas Holding B.V. industry.

Appears in 1 contract

Sources: Credit Agreement (W-H Energy Services Inc)

Existing Subsidiaries. State of Business Name Incorporation Ownership % Description ---- ------------------ ------------- ----------- ----------- --------------------- ---------------------------- Agri-Empresa, Inc. Texas 100% owned by Drill Agri-Empresa, Inc. Drill Motor manufactures, Motor Services, Inc. blends, packages, Services, Inc. warehouses and distributes specialty chemicals used in oil service and industrial applications. Agri-Empresa Texas 100% owned by Drill Agri-Empresa Transportation, Inc. Transportation, Inc. Drill Motor Services, Inc. transports product via Services, Inc. trucking for Agri-Empresa, Inc. Char▇▇▇ ▇▇▇▇▇▇▇, ▇▇c. Louisiana 100% owned by Char▇▇▇ ▇▇▇▇▇▇▇, ▇▇c. provides Inc. Perf-O-Log, Inc. cleaning and maintenance services to refineries, petrochemical plants and operators of oil and gas well▇. ▇iamond Wireline Services, Texas 100% owned by Diamond Wireline Services Services, provides Inc. Perf-O-Log, Inc. provides wireline logging and perforating services to oil and gas companies. The company services are aimed primarily at improving the production rate of existing oil and gas well▇ ▇▇▇ in perforating new production zones once a zone or formation has been depleted. Drill Motor Louisiana 100% owned by Drill Motor Services, Inc. supplies Services, Inc. Perf-O-Log, Inc. supplies premium, fluid driven, drilling motors to independent directional drillers. Dyna Drill Texas 100% owned by Dyna Drill Technologies, Inc. Technologies, Inc. Perf-O-Log, Inc. manufactures power sections for downhole drilling motors. 116 115 State of Business Name Incorporation Ownership % Description ---- ------------------ ------------- ----------- ----------- --------------------- ---------------------------- Grinding & Sizing Company, Texas 100% owned by Drill Grinding & Sizing Co., Inc. Company, Inc. Drill Motor (GSI or Inc. Motor Services, Inc. the Company) is in the Services, Inc. business of size reduction (grinding) of products primarily for the drilling and specialty chemical fluids industry. Specifically, GSI private labels seepage control and loss circulation products related to the drilling process. The Company also performs custom (toll) grinding and produces products to customer specifications through custom blending and packaging. Additionally, GSI fabricates used and new grinding, blending and packaging equipment for itself as well as third parties. Integrity Industries, Inc. Texas 100% owned by Drill Integrity Services, Inc. produces Inc. Drill and Motor and wholesales specialty Services, Inc. wholesales specialty chemicals and drilling fluids for the oil and gas industry. During the drilling process, special fluids or "muds" are used to flush away cuttings in the borehole and assist in pressure control. Pathfinder Energy Services Norway 100% owned by Provides Pathfinder Energy Services, Inc. AS Perf-O-Log, Inc. provides logging-while-drilling Services AS PathFinder and measurement-while-drilling Energy Services services to the oil and gas Holding B.V. industry. Pathfinder Energy Services Netherlands 100% Unassigned-owned by Provides Pathfinder Energy Services, Inc. B.V. incorporator provides logging-while-drilling Services B.V. PathFinder and measurement-while-drilling Energy Services services to the oil and gas Holding B.V. industry.. 116 State of Business Name Incorporation Ownership % Description ------------------ ------------- --------------------- ---------------------------- Pathfinder Energy Services Alberta, Canada 100% owned by Pathfinder Energy Services, Inc. Canada, Ltd. Pathfinder Energy provides logging-while-drilling and Services, Inc. measurement-while-drilling services to the oil and gas industry. Pathfinder Energy Louisiana 100% owned by Pathfinder Energy Services, Inc. Services, Inc. Perf-O-Log, Inc. provides logging-while-drilling and measurement-while-drilling services to the oil and gas industry. Pathfinder Energy Services England 100% owned by Pathfinder Energy Services, Inc. Limited Perf-O-Log, Inc. provides logging-while-drilling and measurement-while-drilling services to the oil and gas industry. Perf-O-Log, Inc. Texas 100% owned by the Perf-O-Log, Inc. provides wireline Borrower logging and perforating services to oil and gas companies STG Transportation, Inc. Texas 100% owned by STG Transportation transports products Agri-Empresa via trucking for Superior Packaging & Transportation, Inc. Distribution, Inc. Thom▇▇ ▇▇▇rgy Services, Louisiana 100% owned by Thom▇▇ ▇▇▇rgy Services, Inc. is a full Inc. Perf-O-Log, Inc. service provider of rental tools including high torque drill pipe, handling tools and subsurface tools for drilling, completing and working over oil and gas well▇. ▇ell Safe, Inc. Texas 100% owned by Well Safe, Inc. provides detection and Perf-O-Log, Inc. protection equipment and services for use with toxic gases, including electronic monitoring, detection and breathing equipment. W-H Drilling Solutions, Texas 100% owned by W-H Drilling Solutions, Inc. markets the Inc. Perf-O-Log, Inc. products and services of Pathfinder Energy Services, Inc., Thom▇▇ ▇▇▇rgy Services, Inc. and Drill Motor Services, Inc.

Appears in 1 contract

Sources: Credit Agreement (W-H Energy Services Inc)