Logan International’s subsidiary, Logan Oil Tools, has acquired Houston Engineers (HE) fishing tools.
The assets purchased from Smith International include inventory, the rights to make and sell HE fishing tools and intellectual property including the use of trade names “Houston Engineers” and “HE.” The highly specialized acquired tools are used to free and remove downhole tools and equipment in connection with workover or intervention services.
"We believe this transaction isconsistent with our strategy of being a leading provider of downhole tools and adding quality products to our core businesses,” says Logan President and CEO David MacNeill. “The HE fishing tools are well known by our customers and have a reputation for design excellence and superior performance. In addition,we feel that this will simplify our customers’ ability to gain access to the HE products that may not have been available to them in the past.”
Logan International provides downhole tools and services to drilling contractors, oilfield servicers and exploration and production operators. To learn more, visit www.loganinternationalinc.com.