NATCO Group was a medium-sized company based in

Houston, Texas Houston ( ) is the List of cities in Texas by population, most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the county seat, seat of ...

, officially founded in 1988 but essentially the successor of the National Tank Company which was founded in 1926; it manufactured equipment for separating

oil An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) and lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturate ...

natural gas Natural gas (also fossil gas, methane gas, and gas) is a naturally occurring compound of gaseous hydrocarbons, primarily methane (95%), small amounts of higher alkanes, and traces of carbon dioxide and nitrogen, hydrogen sulfide and helium ...

and

water Water is an inorganic compound with the chemical formula . It is a transparent, tasteless, odorless, and Color of water, nearly colorless chemical substance. It is the main constituent of Earth's hydrosphere and the fluids of all known liv ...

from one another, which is used in most oil-producing regions of the world. Its turnover in 2008 was $650 million and it had 2400 employees. In November 2009 it was acquired by

Cameron International Cameron International Corporation (formerly Cooper Cameron Corporation (CCC) and Cooper Oil Tool, Cameron Iron Works) though now operating under Schlumberger, is a global provider of pressure control, production, processing, and flow control s ...

in a $780 million all-stock transaction, the intent being to insource processing and separation products for Cameron. In January 2010 NATCO settled an FCPA case, admitting that it had paid bribes to Kazakhstan officials who would otherwise have questioned the immigration status of its workers there and invoiced for them as miscellaneous expenses. Whilst most of its revenue came from the US, it had projects in Kazakhstan, south-east Asia and the Canadian

oil sands Oil sands are a type of unconventional petroleum deposit. They are either loose sands, or partially consolidated sandstone containing a naturally occurring mixture of sand, clay, and water, soaked with bitumen (a dense and extremely viscous ...

References

Companies formerly listed on the New York Stock Exchange Energy companies of the United States Oilfield services companies Manufacturing companies based in Houston {{US-energy-company-stub