The acquisition of Can-Ok Oil Field Services, Inc. and Stabilizer Technology, Inc. will expand our drilling tool sale, rental and inspection services throughout Oklahoma, Louisiana, Arkansas and Texas.
Jerry D. Dumas, Sr., Flotek's Chairman and CEO, stated, "These acquisitions continue our geographic expansion of Spidle-Turbeco. With the addition of these two companies we will improve the utilization of our drilling tool inventory and recently acquired manufacturing capability."
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