M&A Deal Summary

Halliburton Acquires Pinnacle Technologies

On August 28, 2008, Halliburton acquired energy services and equipment company Pinnacle Technologies from CARBO Ceramics

Acquisition Highlights
  • This is Halliburton’s 5th transaction in the Energy Services and Equipment sector.
  • This is Halliburton’s 4th transaction in the United States.
  • This is Halliburton’s 1st transaction in California.

M&A Deal Summary

Date 2008-08-28
Target Pinnacle Technologies
Sector Energy Services and Equipment
Buyer(s) Halliburton
Sellers(s) CARBO Ceramics
Deal Type Divestiture

Target

Pinnacle Technologies

San Francisco, California, United States
Pinnacle Technologies, Inc. is a provider of unique integration of microseismic, tiltmeter, and fiber optic technologies to maximize completion efficiency and production economics.

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Buyer(S) 1

Buyer

Halliburton

Houston, Texas, United States

Category Company
Founded 1919
Sector Energy Services and Equipment
Employees48,000
Revenue 23.0B USD (2023)
DESCRIPTION
Entrance to Halliburton's corporate headquarters in Houston, Texas.
Entrance to Halliburton's corporate headquarters in Houston, Texas.

Halliburton is a provider of services and products for the exploration, development, and production of oil and natural gas to oil and gas companies. The company operates in two segments, Completion and Production, and Drilling and Evaluation. Halliburton was founded in 1919 and is based in Houston, Texas.


DEAL STATS #
Overall 7 of 21
Sector (Energy Services and Equipment) 5 of 8
Type (Divestiture) 1 of 1
State (California) 1 of 2
Country (United States) 4 of 17
Year (2008) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-01 WellDynamics BV

Netherlands

WellDynamics is the world's leading provider of intelligent well completion technology. WellDynamics has an extensive track record of delivering reliable products, understanding the unique demands of customer applications, and developing innovative, fit-for-purpose solutions. WellDynamics' award-winning SmartWell® technology has been successfully deployed in over 300 wells worldwide. Its product offering consists of a comprehensive suite of intelligent completion equipment and services, including downhole flow control devices, downhole permanent monitoring equipment, fiber optic sensors, and surface data acquisition and automated control systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-12 Wellbore Energy Solutions

Broussard, Louisiana, United States

Wellbore Energy Solutions is an oilfield services company specializing in the rental of wellbore cleaning equipment.

Buy -

Seller(S) 1

SELLER

CARBO Ceramics

Houston, Texas, United States

Category Company
Founded 1987
Sector Energy Services and Equipment
Employees407
Revenue 211M USD (2018)
DESCRIPTION

CARBO Ceramics is an oilfield services technology company that provides industry-leading production enhancement and environmental services solutions. By integrating technologies and intellectual capital to design, build and optimize fractures, CARBO delivers complete production enhancement solutions to help oilfield service companies and E&P clients increase the production of oil and natural gas wells and achieve higher ultimate recovery rates. The Company also provides high-performance spill prevention and containment solutions that are engineered to protect the client’s entire wellsite as well as the environment. CARBO Ceramics was established in 1987 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-31 Pinnacle Technologies

San Francisco, California, United States

Pinnacle Technologies, Inc. is a provider of unique integration of microseismic, tiltmeter, and fiber optic technologies to maximize completion efficiency and production economics.

Buy $12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-14 FracproPT Software

United States

FracproPT Software is a fracture design modeling software. It is used to design and optimize hydraulic stimulation operations, thereby increasing well production.

Buy -