HOUSTON – Texas Steel Conversion (TSC) says that it has purchased the intellectual property, patents, associated trademarks, licenses, and other thread connection technology known as the PTECH+ thread connection. The PTECH+ family of drill pipe thread connections is said to combine torsional properties and fatigue resistance that are essential in extended lateral oil and gas drilling.
Charles McPhail, Chairman and CEO of TSC, said that “adding the PTECH+ high torque connection technology to our toolbox provides us an innovative solution to long laterals and demanding drilling environments. A proprietary thread offering the characteristics exemplified in the PTECH+ connection that is owned and controlled by TSC is something that our customers have been requesting.”
TSC says it will manufacture, market, and sell the PTECH+ thread connection worldwide through its divisions: TSC Drill Pipe, TSC Subsea Tubulars, and TSC Horizontal Directional Drilling (HDD). TSC Drill Pipe also says it will honor the current license agreements and they will remain in force.