Halliburton acquires Pinnacle Technologies
Published: 10-Nov-2008
By: Staff Writer Staff Writer Staff Writer
Halliburton, which provides a suite of services and products to the oil and gas industry, has acquired Pinnacle Technologies, a provider of real-time tilt meter and micro-seismic mapping and reservoir monitoring services.
The transaction aligns Halliburton's Wireline and Perforating Services capabilities with Pinnacle's technologies and expertise to provide operators with a comprehensive solution to the complex exploration and production challenges of shale reserves and other unconventional assets.
The acquisition includes the majority of Pinnacle's assets, including the company's fracture mapping and reservoir monitoring business lines and its operational and business development offices in North America.
Pinnacle's assets, which were acquired from a subsidiary of Carbo Ceramics will operate as a business unit within Halliburton Wireline and Perforating Services and will retain the Pinnacle brand and management team.
Jonathan Lewis, vice president of Halliburton Wireline and Perforating Services, said: By combining Halliburton Wireline and Perforating Services with Pinnacle's renowned capabilities, our customers will have access to the industry's most advanced real time well stimulation monitoring and analysis service that will enable them to minimize fracturing uncertainty, rapidly verify pay zones and optimize reservoir drainage.
Network Sites

Suppliers To This Sector
Browse A-Z
Krøll Cranes
Quality Tower Cranes ...
Applus RTD
Non-Destructive Testing, Inspections and Asset Integrity Management ...
Ormazabal
Electrical Medium Voltage Switchgear ...
KE-Burgmann
Leading Manufacturers of Fabric, Metal and Rubber Expansion Joints and Metal Hoses ...
Favuseal
Fire Barrier System ...
Meyer Burger Technology
The Expert in Photovoltaics ...
White Papers
Browse A-Z
2.5MW Wind Turbine
The latest evolution of GE Energy’s wind turbine technology, the 2.5xl wind turbine, is pl ...
Hardcore® Technology Drilling Solutions for the Heat Exchanger Industry
ATI Stellram develops and produces high-performance metal cutting tools for difficult-to-m ...
Increasing Cost-Efficiency of Substation Automation Systems by Centralised Protection Functions
New legislative and customer-oriented requirements pose challenges to substation automatio ...
Applying Modern Communication Technology to Loss-of-Mains Protection
The protection of distribution networks is facing new challenges from an increasing amount ...
Impacts of Quality Improvement Incentives on Automation Investments in the Finnish New Regulation Model
During the second regulatory period of 2008-2011 incentives are included into the Finnish ...
Utilising the Possibilities of IEC 61850 and GOOSE
This document describes the utilisation of some new features offered by IEC 61850, Communi ...


Delicious
Digg
Reddit
Stumble
LinkedIn
Mail sent successfully