Halliburton acquires Pinnacle Technologies

Halliburton has acquired Pinnacle Technologies, a provider of real-time tiltmeter, and microseismic mapping and reservoir monitoring services.

Offshore staff

HOUSTON -- Halliburton has acquired Pinnacle Technologies, a provider of real-time tiltmeter, and microseismic mapping and reservoir monitoring services.

The acquisition includes the majority of Pinnacle's assets, including its fracture mapping and reservoir monitoring business and its operational and business development offices in North America. Pinnacle's assets, acquired from a subsidiary of CARBO Ceramics, will operate as a business unit within Halliburton Wireline and Perforating Services and will retain the Pinnacle brand and management team.

"We are pleased to close this acquisition and initiate the integration process with Pinnacle's talented group of professionals," says Jonathan Lewis, VP of Halliburton Wireline and Perforating Services. "By combining Halliburton Wireline and Perforating Services with Pinnacle's renowned capabilities, our customers will have access to the industry's most advanced real time well stimulation monitoring and analysis service that will enable them to minimize fracturing uncertainty, rapidly verify pay zones and optimize reservoir drainage."

10/13/2008

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