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Drilling Tools International Announces Distribution Agreement with CT Energy Services for RotoSteer™
HOUSTON, March 7, 2023 /PRNewswire/ -- Drilling Tools International ("DTI" or the "Company"), a leading oilfield services company that rents downhole drilling
About this update from Drilling Tools International Corporation
[{"type":"text","content":"HOUSTON, March 7, 2023 /PRNewswire/ -- Drilling Tools International (\"DTI\" or the \"Company\"), a leading oilfield services company that rents downhole drilling tools, and CT Energy Services (\"CT Energy\"), an innovative drilling tool solutions company for the global oil and gas market, today announced DTI as the exclusive US distributor of CT Energy's RotoSteer™. The two companies will cooperate to maximize the effective launch of the technology in the US, Canada, and other International locations.\n\n \n \n \n \n \n \n\n \nThe RotoSteer™ is a versatile drilling tool that can be utilized for various needs, providing continuous rotation to the drill string while controlling the attached bottom hole assembly (\"BHA\") in a rotational or sliding mode. Originally designed and piloted as Hydroclutch, the technology has been redesigned, tested and proven in numerous wells and has been rebranded as RotoSteer™, a trademark that more accurately reflects the tool's usage as a Rotational Steering Tool.\n\"We selected Drilling Tools as our distribution partner due to their strong reputation, talented team of professionals and commitment to customer quality and service,\" said Ruark Lisk, General Manager of CT Energy Services. \"We have spent the last 12 months working together to refine all aspects of the tool to meet today's drilling challenges. We are very pleased to move forward with full commercial efforts in the US, Canada, and Internationally. Having Drilling Tools as our primary partner will enable us to achieve this goal.\"\nWayne Prejean, CEO of Drilling Tools International commented, \"Our partnership with CT Energy has allowed us to trial the tool across North America and refine the technology to deliver consistent reliability, steerability, and predictable BHA modelling, making RotoSteer a new value driven offering in the drilling industry. We are excited to introduce this innovative technology to the market and believe it will revolutionize the drilling industry by providing our customers with a reliable, efficient, and cost-effective solution to extended reach wells and other drilling challenges; as well as further diversifying and expanding our robust portfolio of rental tools.\"\nAbout Drilling Tools International\nDrilling Tools International is a Houston, Texas based leading oilfield services company that rents downhol...