U.S. directional oil and gas drilling firm SDI seeking buyer: sources [Reuters]
Halliburton Company (HAL)
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Source: Reuters
U.S. directional oil and gas drilling firm SDI seeking buyer: sources | Reuters 3 Min Read NEW YORK/HOUSTON (Reuters) - Scientific Drilling International (SDI), the U.S. oil industry’s largest independent directional drilling firm, is being offered to potential buyers at a valuation of more than $500 million, sources familiar with the matter said this week. The sale process for the Houston-based company, owned by the van Steenwyk family for over three decades according to the company’s website, began recently, said three sources who spoke on condition of anonymity as the information has not been made public. Both strategic buyers and financial sponsors have been invited to bid for the firm, noted two of the sources, adding that energy-focused investment bank Tudor Pickering & Holt & Co was advising SDI on the process. SDI Chief Executive Phil Longorio did not respond to requests for comment. The prospective sale of SDI comes at a time when oilfield services firms have enjoyed some fin
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News
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- NanoTech Materials, Inc. Expands Texas Operations to Meet Increased Demand for Energy-Efficient Building MaterialsBusiness Wire
- Halliburton (NYSE: HAL) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
HAL
Earnings
- 1/23/24 - In-Line
HAL
Sec Filings
- 4/2/24 - Form DEFA14A
- 4/2/24 - Form DEF
- 4/1/24 - Form 4
- HAL's page on the SEC website