A Locke Lord team led by Joe Perillo (Houston) represented Gyrodata, Incorporated in the sale of its directional drilling business to Intrepid Drilling Specialists, Limited, for an undisclosed value. The sale includes effectively all of Gyrodata’s directional drilling personnel, as well as its high-performance drilling motors and MWD tools. The acquisition doubles Intrepid’s drilling capabilities in North America and expands its footprint in Latin America. Additional assistance was provided by Jennie Simmons and Tom Johnson (both of Houston).
Posted on April 30, 2020