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Intrepid acquires Gyrodata's directional drilling business
May 1, 2020
Source: Reuters

Intrepid acquires Gyrodata's directional drilling business

U.S. oilfield firm, Intrepid Directional Drilling Specialists has bought out the directional drilling business of well survey firm Gyrodata. With the deal, Intrepid is aiming to expand operations as service companies vie for business amid a steep decline in the activity. The acquisition deal whose amount remained undisclosed, will double the size of Intrepid's directional drilling division and will expand Intrepid's presence in U.S. shale fields and in Latin America.

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