Knight Oil Tools Monday announced the acquisition of Tri-State Tools & Inspection based in Corpus Christi, Texas. Terms of the deal were not disclosed.

Tri-State Tools & Inspection provides stabilizers and non-destructive testing for drill pipe and bottomhole assembly components. The company operates throughout the South Texas and West Texas drilling markets via facilities in Corpus Christi and Odessa.

“The acquisition of Tri-State Tools & Inspection expands our Tri-Drill Services business unit inspection operations into new markets in Texas,” Knight Oil Tools President Mark Knight said in announcing the deal. “And the addition of stabilizers now gives Knight Oil Tools’ Rental Tool Services business unit the entire bottomhole assembly, except for the drill bit.”

Knight Oil Tools, which has been in business for four decades, operates from more than 50 locations across 10 oil-producing states and internationally, serving all phases of a well’s lifecycle from exploration to abandonment.

To post a comment, please log into your IND account. If you do not have an account, click the "register" button to create one. Facebook comments can be used as an alternative to creating an account at

ABiz Stock Watch
o Home Bancorp 22.77 ▲0.01 (0.04%)
o Frank's International 17.13 ▲0.05 (0.29%)
o IberiaBank Corp 63.90 ▲1.08 (1.72%)
o LHC Group 23.76 ▲0.01 (0.04%)
o MidSouth Bancorp 19.04 ▲0.04 (0.21%)
o Petroquest Energy 4.31 ▲0.05 (1.17%)
o PHI Inc. 39.60 ▼1.40 (-3.41%)
o Superior Energy 25.13 ▲0.32 (1.29%)
o Stone Energy 25.72 ▲0.27 (1.06%)
o Facebook Inc. 78.20 ▲1.25 (1.62%)
o Twitter Inc. 51.31 ▲0.61 (1.20%)
o Gannett 30.26 ▲1.18 (4.06%)

Home Bancorp

Company ID [NYSE:HBCP] Last trade:22.77 Trade time:12:19PM EDT Value change:▲0.01 (0.04%)

Frank's International

Company ID [NYSE:FI] Last trade:17.13 Trade time:12:49PM EDT Value change:▲0.05 (0.29%)

IberiaBank Corp

Company ID [NYSE:IBKC] Last trade:63.90 Trade time:12:49PM EDT Value change:▲1.08 (1.72%)

LHC Group

Company ID [NYSE:LHCG] Last trade:23.76 Trade time:11:55AM EDT Value change:▲0.01 (0.04%)

MidSouth Bancorp

Company ID [NYSE:MSL] Last trade:19.04 Trade time:12:35PM EDT Value change:▲0.04 (0.21%)

Petroquest Energy

Company ID [NYSE:PQ] Last trade:4.31 Trade time:12:46PM EDT Value change:▲0.05 (1.17%)

PHI Inc.

Company ID [NYSE:PHII] Last trade:39.60 Trade time:10:13AM EDT Value change:▼1.40 (-3.41%)

Superior Energy

Company ID [NYSE:SPN] Last trade:25.13 Trade time:12:50PM EDT Value change:▲0.32 (1.29%)

Stone Energy

Company ID [NYSE:SGY] Last trade:25.72 Trade time:12:50PM EDT Value change:▲0.27 (1.06%)

Facebook Inc.

Company ID [NYSE:FB] Last trade:78.20 Trade time:12:50PM EDT Value change:▲1.25 (1.62%)

Twitter Inc.

Company ID [NYSE:TWTR] Last trade:51.31 Trade time:12:50PM EDT Value change:▲0.61 (1.20%)


Company ID [NYSE:GCI] Last trade:30.26 Trade time:12:50PM EDT Value change:▲1.18 (4.06%)

Read the Flipping Paper!

Click Here for the Entire Print Version of