Drilling Tools International acquires Reamco

Offshore staff

HOUSTON – Drilling Tools International (formerly Directional Rentals Inc.), a portfolio company of Hicks Equity Partners, has acquired Reamco Inc., a company based in Lafayette, Louisiana, that manufactures, rents, and refurbishes downhole drilling tools and related products used in the drilling industry.

Directional Rentals Inc. was renamed “Drilling Tools International” to more accurately reflect the company's mission of renting, manufacturing, and selling drilling tools used in bottomhole assemblies to oilfield services companies, independent directional drillers, and exploration companies, both onshore and offshore.

Reamco specializes in the manufacture and refurbishment of stabilizers, drill collars, reamers, and related products, and also offers grinding and hard-facing. Through this strategic acquisition, DTI says it will expand its machining capabilities and offer even better customer service by shortening turnaround time and improving quality on essential tool repairs. Reamco maintains key certifications from the American Petroleum Institute (API) and is ISO certified.

03/17/2014

 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...