Intrepid to acquire the directional drilling business of Gyrodata.

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.