Halliburton buys Oklahoma-based oil field equipment supplier

Houston-based Halliburton Co. (NYSE: HAL) on July 5 announced the acquisition of Tulsa, Oklahoma-based Summit ESP, which provides electric submersible pump (ESP) technology and services.

Financial terms of the deal were not disclosed in the announcement. However, Summit’s 2016 revenue was about $180 million, down about 10 percent from 2015, according to a report from Reuters last week.

Summit has more than 500 employees in nearly 30 locations across North America, according to Halliburton’s…

Halliburton buys Oklahoma-based oil field equipment supplier syndicated post

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