Announced
Financials
Sources
Tags
Single Bidder
Acquisition
Oil Equipment and Services
Majority
directional drilling
United States
Pending
Friendly
Private
drilling
Synopsis
Intrepid Directional Drilling Specialists, an American oilfield firm, agreed to acquire the directional drilling business of Gyrodata, a well survey firm. Financial terms were not disclosed. “We are excited to begin the consolidation process in our segment of the industry. There needs to be and I believe there will be more consolidation,” Clint Leazer, Intrepid President.
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