Halliburton in Summit Acquisition
Halliburton Company has announced the acquisition of Summit ESP, a provider of electric submersible pump (ESP) technology and services.
Based in Tulsa, Summit has more than 500 employees in almost 30 locations across North America.
“The acquisition of Summit expands Halliburton’s existing artificial lift capabilities and increases our overall leading position in North America oilfield services,” said Jeff Miller, president and CEO of Halliburton, in a company statement.
John Kenner, president and chief executive officer of Summit, said he was proud of the company and thanked his employees for their commitment to the company.
“The combination of Halliburton and Summit creates exciting opportunities for both our customers and employees. We look forward to capitalizing on Halliburton's deep customer relationships and international presence to accelerate our growth,” Kenner said in a company statement.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.