M&A Deal Summary |
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Date | 2024-03-07 |
Target | Superior Drilling Products |
Sector | Energy Services and Equipment |
Buyer(s) | Drilling Tools |
Deal Type | Add-on Acquisition |
Deal Value | 32M USD |
Advisor(s) | Piper Sandler & Co. (Financial) Mayer Brown (Legal) |
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Drilling Tools is a provider of rents tools to major oilfield services companies, directional drilling companies, and exploration and production companies for bottom hole assemblies and tubular goods used in onshore and offshore horizontal and directional drilling. Drilling Tools was founded in 1984 and is based in Houston, Texas.
DEAL STATS | # |
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Overall | 4 of 7 |
Sector (Energy Services and Equipment) | 1 of 2 |
Type (Add-on Acquisition) | 3 of 6 |
State (Utah) | 1 of 1 |
Country (United States) | 4 of 4 |
Year (2024) | 1 of 4 |
Size (of disclosed) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
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2019-07-15 |
WellFence
Houston, Texas, United States WellFence LLC is a tech-enabled security and credentialing service offering for the oil and gas industry. WellFence provides patented Data Automation Systems and credentialed wellsite access services for drilling, completion and production locations. Using strategically positioned check point towers with 360-degree cameras, the WellFence system automates the verification of personnel entering and exiting the wellsite, thereby increasing the safety and integrity of critical locations. WellFence LLC was founded in 2016 and is based in Houston, Texas. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
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2024-03-18 |
Deep Casing Tools
Westhill, United Kingdom Deep Casing Tools is an oil and gas technology development company providing unique and innovative downhole technology solutions to customers worldwide. Its products facilitate running casing and completion strings to targeted depth reducing well cost and improving well integrity and reservoir contact. Deep Casing Tools was formed in 2008 and is based in Westhill, United Kingdom. |
Buy | - |