To boost capabilities and scope, Stratagraph, a specialist in geological services to the oil and gas industry, has announced the purchase of Technical Drilling Services (TDS), in the largest acquisition in the company’s history
TDS, a mud logging and consulting services company based in Oklahoma City, will expand Stratagraph’s logging capacity to meet growing client needs and widen its regional footprint. The acquisition brings with it well maintained units ready for immediate deployment, as well as an operational office in Oklahoma City. The integration of TDS into Stratagraph complements the launch of the company’s new geosteering and production chemical divisions, StrataSteering and StrataChem.
Ashby Pettigrew, president of Stratagraph, stated, “Acquiring TDS is a transformational transaction that aligns perfectly with our growth strategy by expanding the organization’s scale, diversifying our regional footprint and strengthening our financial portfolio. Additionally, the acquisition provides Stratagraph with the ability to expand our services to new clients in the Oklahoma and Ark-La-Tex regions, while exponentially increasing our fleet to meet the growing demands of our current customers.”
William Hagan, CEO of Stratagraph, said, “This acquisition will play an important role in expanding and improving processes for the company, our employees and our customers. This is one of the many strategic initiatives Stratagraph has taken to further grow our reputation as a global leader in the geological services sector and ensure the success of this organization for many more years to come.”
David Record, former president of TDS, will continue to serve as a consultant to ensure the smooth transition of TDS into the Stratagraph family. “Together, our companies embody more than 100 years of combined experience in the geological services industry and a shared commitment to traditional, honest operating values. Through this strategic acquisition, we will continue to identify new partnerships and opportunities to bolster Stratagraph’s existing international reputation in providing quality geological services,” commented Record.
