Integrity Directional Services

About Integrity Directional Services

Integrity Directional Services, established in 2008, operates within the onshore oil and gas industry, providing specialized drilling services to exploration and production companies. The company was co-founded by Steve Boyd, who served as President, and Charlie Hodges, who acted as Vice President. Headquartered in Fort Worth, Texas, the firm strategically positioned additional facilities in key energy-producing regions, including Houston, Midland, and Oklahoma City to support its widespread operations.

The core of the business revolves around offering a comprehensive suite of services for well development. This includes downhole directional drilling, measurement-while-drilling (MWD), and detailed well planning and engineering. The company's expertise encompasses both fluids-based and specialized air-based directional drilling techniques, catering to the varied geological and operational needs of its clients. A notable technological offering was SOURCE, a cloud-based system designed for managing directional service operations, which enabled near real-time communication and data analysis for predictive personnel and asset management.

A significant milestone in the company's history occurred in November 2014, when it was acquired by private equity firms Maxim Partners and Falcon Investment Advisors. This acquisition was intended to fuel growth and enhance the company's strategic potential, bringing in veteran oilfield service executives to its board of directors. The company's funding history includes a Series B round on September 12, 2014, raising $32.3 million. Later, in April 2019, the company underwent bankruptcy proceedings. Prior to these events, Integrity Directional Services had also made a strategic move by acquiring Drill Right Technology in a Buyout/LBO deal on August 1, 2017.