advertisement
6. Diamondback Energy Services
What it does: provides technology-driven solutions to maximize the recovery and present value of oil and natural-gas production streams. The majority of operations are in the Barnett Shale in Texas and the Anadarko Basin, the Woodford Shale and other basins across Oklahoma.Why it's growing: It's making acquisitions in directional-drilling technology and stimulation and pumping segments. Operations commenced in December 2005 with the acquisition of Quantum Drilling Motors, a directional-drilling technology company in Oklahoma City.
| Details | |
|---|---|
Headquarters | Oklahoma City |
Industry | Energy |
Founded | 1998 |
2003 revenue | $5.3 million |
2006 revenue | $155.9 million |
Growth | 2,843% |
7. Packet360
What it does: designs, installs and customizes technical systems, mostly for health-care firms and hospitals that need to transmit secure voice, video and data.Why it's growing: With the advent of electronic health records, physician groups and hospitals need to have secure access to detailed information all throughout their facilities.
| Details | |
|---|---|
Headquarters | Glen Allen, Va. |
Industry | IT services |
Founded | 2001 |
2003 revenue | $289,132 |
2006 revenue | $8.1 million |
Growth | 2,693% |
8. Eyeonics
What it does: designs, develops, manufactures and sells premium intraocular lenses, optical implants dubbed Crystalens, which can help correct cataracts.Why it's growing: boasts the only FDA-approved device of its kind, with few side effects, numerous medical benefits and minimal patient consulting time.
| Details | |
|---|---|
Headquarters | Aliso Viejo, Calif. |
Industry | Health |
Founded | 1998 |
2003 revenue | $686,000 |
2006 revenue | $17.1 million |
Growth | 2,388% |
More from MSN Money
9. Stallion Oilfield Services
What it does: provides drill-site products and services including accommodation units, surface equipment and solids-control services for oil- and gas-exploration companies along the Gulf Coast.Why it's growing: It's actively acquisitioning construction, transportation and equipment rental firms. It acquired Abbeville Offshore Quarters in 2006 to bring the company into the global offshore accommodations market.
| Details | |
|---|---|
Headquarters | Houston |
Industry | Energy |
Founded | 2002 |
2003 revenue | $6.8 million |
2006 revenue | $162.7 million |
Growth | 2,303% |
Video on MSN Money
4 good reasons to sell a stockWith a level-headed approach, and some research, you'll know when the time is right.
10. Millennium Midstream Partners
What it does: provides "midstream" services for small and midsize natural-gas producers -- that is, gathering, processing and moving the stuff via pipeline to the end consumer. The company also sells natural gas directly to municipal, commercial and industrial customers in Texas.Why it's growing: Since 2003, the price of natural gas has more than doubled, spurring activity on wells that were not economically viable before. Millennium has tripled its pipeline capacity through acquisitions and acquired contractual rights to several gas-processing plants, producing a fivefold increase in processing volume over four years.
| Details | |
|---|---|
Headquarters | The Woodlands, Texas |
Industry | Energy |
Founded | 2002 |
2003 revenue | $6.2 million |
2006 revenue | $130.3 million |
Growth | 2,007% |
Rate this Article
High
