Quantum Drilling Motors Acquires Halliburton Service Line

Quantum Drilling Motors and Directional Services, an Oklahoma City-based oil and gas services provider, has acquired the shock absorber inventory and design drawings of the Security DBS Drill Bits product service line of Halliburton's Energy Services Group. The transaction is effective immediately.

This acquisition of shock absorbers adds to Quantum's current fleet of straight hole and directional drilling tools, further positioning the company as a leader in providing a full range of directional, horizontal and performance drilling services.

"Quantum is committed to providing our clients with superior customer services and quality equipment. Purchasing these assets strengthens our ability to better meet customer needs.

With the shock absorbers acquired from Security DBS Drill Bits, our customers will benefit by prolonging the life of their drill bits and other down-hole drilling equipment," said David Lawrence, Vice President of Business Development for Quantum.

Halliburton's Energy Services Groups offers a broad array of products and services to upstream oil and gas customers worldwide. "The disposition of these assets will allow Security DBS Drill Bits the opportunity to increase its focus on the delivery of our core drill bit technologies. We are pleased that Quantum will provide continuity of supply of shock absorbers to our customers," said Jim Platt, Product Manager, Halliburton's Security DBS Drill Bits.

Company: Quantum Drilling Motors more info
 - Quantum Drilling Motors Acquires Halliburton Service Line (Aug 11)