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Houston-based Rival Downhole Tools Acquires Hunting Subsidiary

Houston-based Rival Downhole Tools Acquires Hunting Subsidiary The acquisition of Hunting’s drilling tool business sets the stage for  Houston-based Rival Downhole Tools to expand internationally, CEO Neil Fletcher says. Hart Energy Staff Your browser does not support the audio element. Rival Downhole Tools LC is acquiring the drilling tools subsidiary of London-based Hunting Plc, which the CEO of Rival said sets the stage for the company, headquartered in Houston, to expand in...
Saudi Arabia United States Neil Fletcher Jim Johnson Hunting Plc Hunting Energy Services Drilling Tools Inc

Downhole Drilling Player Expands US Footprint

Rival Downhole Tools has acquired the operating assets of Hunting Energy Services (Drilling Tools), Inc. PHOTO SOURCE: Rival Downhole Tools Rival Downhole Tools LC reported Tuesday that it has acquired the operating assets of Hunting Energy Services (Drilling Tools), Inc. (HESDT) in exchange for Hunting PLC securing a minority equity interest in Rival. The acquisition increases Rival’s U.S. footprint and supports its international expansion, Rival noted in a written statement emailed to Rigzo...
Saudi Arabia United States Neil Fletcher Jim Johnson Hunting Energy Services Drilling Tools Inc Rival Downhole Tools

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