Halliburton Co. acquired Summit ESP LLC, giving the world’s biggest fracking services provider much-needed help in a key area of its oil services portfolio. Terms were not disclosed.
“The acquisition of Summit expands Halliburton’s existing artificial lift capabilities and increases our overall leading position in North America oilfield services,” Halliburton Chief Executive Officer Jeff Miller, said in a statement July 5.
Miller, who took over as CEO of Halliburton last month, said in a May 18 interview that acquiring an artificial lift company was high on his wish list. The Houston-based oil services giant was negotiating with Summit for a ...
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