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  • U.S. Headquarters
  • Houston, Texas
  • Telephone: 1-713-328-2673
  • Corporate Office
  • Amsterdam, The Netherlands
  • Telephone: 31-20-420-3191

Core Laboratories Brief History


1936
Founded on Core Street, Dallas, Texas
1940's
U.S. Expansion / Adds Reservoir Fluids Technologies
1950's
Canada and South America Expansion
1960's
Europe, Africa and Middle East Expansion
1968
Asia Pacific Expansion
1971
First IPO - American Stock Exchange
1979
Adds Reservoir Geology Technologies
1981
Company Annual Revenues Reach All-Time High at $121 million
1984
Acquired by Western Geophysical / Litton Industries
1987
Amalgamated into Western Atlas with Western Geophysical and Atlas Wireline
1994
LBO for $40 million; Core Lab Revenue for Assets Still Held $40 million
1995
First IPO - AmeriSecond IPO - NASDAQ - issued approximately 40 million common shares at $3/share (adjusted for two 2-for-1 subsequent stock splits)
1996
Revenues exceed $100 million
  • Established Production Enhancement Segment
  • Established Reservoir Management Segment
1997
Increased Capabilities into Reservoir Fluids and Derived Product Characterization
1998
  • Added Field Flood and Completion Diagnostic Services Revenues exceed $200 million

  • Expanded Production Enhancement Technologies Through the Introduction of Perforating Gun Systems
1999
Revenues exceed $300 million Enhanced Joint-Industry Consortium Capabilities
2000
  • Increased Reservoir Condition Fluid Testing Technologies

  • Enhanced Advanced Reservoir Rock Analysis Technologies
2001
Added Reservoir Monitoring Capabilities to Collect Temperature and Pressure Data in the Wellbore
2002
Introduced SpectraFlood™ Technology to Provide Diagnostics on Effectiveness of Field Floods to Enable Maximum Recovery of in-place Oil
2004
Revenues exceed $400 million
2005
Announced Commercial Development of HERO™ (High Efficiency Reservoir Optimization) Perforating Gun System Designed to Enhance Productivity from Hard Rock Reservoirs
2006
Revenues exceed $575 million
2007
Developed SuperHero™ Perforating Charge for Completions of Shale Reservoirs
2008
10-Years on the NYSE
  • Revenues Exceed $780,000,000
  • Market Cap Exceeds $4 billion
  • Total Shareholder Return Outperformed OSX Index Members Over the Same Time Period
2009
Increased Scope of Middle East Operations' Laboratory Network
2010
Increased Reservoir Fluids Testing Capabilities in Aberdeen ATC
2011
Introduced HTD-Blast™ Perforating Gun Conveyance Technology for Multiple Stage Completions in Horizontal Wellbores
2012
  • Global Roll-out of Reservoir Condition Fluids Testing Capabilities with Latest PVT Lab Instrumentation

  • Announced RSAT™ Laboratory Methodology to Increase Reservoir Recovery Rates by Altering Water-Wet Conditions of Shale Reservoirs
2013
  • 15-Years on the NYSE
  • Revenues exceed $1 billion
  • Added as a member of the OSX Index
  • Introduced FLOWPROFILER™ diagnostics to determine hydrocarbon production stage-by-stage
2014
  • 2-year anniversary on Euronext Amsterdam Exchange
  • Introduced KODIAK™ enhanced perforating system which combines HERO® perforating charge technology with proprietary propellant pellets to boost the perforating/stimulation event by lowering formation breakdown pressure