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Friday, 05 December, 2008, 16:50 GMT | more >>

Flotek makes a move



By Upstream staff 

Houston's Flotek Industries is set to take over US drilling tool players Can-Ok Oil Field Services and Stabilizer Technology in a $7.2 million cash-and-stock deal.

Flotel said the move, which will see it pay about $6.75 million in cash and $525,000 in stock, should close at the end of the month.


Friday, 13 January, 2006, 11:10 GMT  | last updated: Friday, 13 January, 2006, 11:10 GMT

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