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Saturday, 22 November, 2008, 00:30 GMT | more >>

Flotek plugs buyout talks



By Upstream staff 

Houston downhole drilling and production equipment maker Flotek said it had ended negotiations to buy out another drilling took company.

Flotek said it could not reach an agreement with the company that would not impose an "onerous' debt burden on the merged company.

The company said it remained focused on buying further assets. Flotek has bought a slew of smaller companies in recent months.


Tuesday, 22 August, 2006, 23:41 GMT  | last updated: Tuesday, 22 August, 2006, 23:41 GMT

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