Wellbore Integrity Solutions and Reactive Downhole Tools Announces Exclusive Licensing Agreement for the CHIMERA Product Line of Wellbore Cleanout Tools

    HOUSTON – December 4, 2020 – Wellbore Integrity Solutions (WIS) and Reactive Downhole tools (RDT) jointly announce an exclusive global licensing agreement for the Reactive CHIMERA suite of Wellbore Cleanout tools. “The CHIMERA portfolio is a great addition to the core business of WIS and the outstanding reputation the Reactive name has within … Read more

Wellbore Integrity Solutions Introduces ProMILL Duo, Dual Casing Section Milling System

HOUSTON – November 12, 2020 – Wellbore Integrity Solutions (WIS) announced today the release of the ProMILL Duo, Dual Section Milling System. The ProMILL Duo provides an innovative, cost-saving solution for Well Abandonment applications, where the integrity of the abandonment zone requires the efficient creation of a milled section in two casing sizes. “As the … Read more

Wellbore Integrity Solutions and Lee Energy Systems Announces Operational and Distribution Agreement

HOUSTON – June 17, 2020 – Wellbore Integrity Solutions (WIS) and Lee Energy Systems (LES) jointly announce a strategic, operational, and distribution alliance agreement for Lee Energy Systems’ portfolio of innovative products and technologies. Under the terms of the agreement, Wellbore Integrity Solutions shall have exclusive rights in numerous countries globally to market and provide … Read more

Wellbore Integrity Solutions, a portfolio company of Rhône Capital, announces closing of the acquisition of Fishing and Remedial, DRILCO, and Thomas Tools from Schlumberger

HOUSTON – January 2, 2020 – Wellbore Integrity Solutions (WIS), a portfolio company affiliated with private equity firm Rhône Capital, today announced that WIS has completed the acquisition of businesses and associated assets of Fishing & Remedial, DRILCO, and Thomas Tools from Schlumberger. As part of the initial closing, WIS acquired businesses and assets in … Read more

Wellbore Integrity Solutions (WIS) received US regulatory approvals

Wellbore Integrity Solutions (WIS) received US regulatory approvals to acquire the businesses and associated assets of DRILCO, Thomas Tools, and Fishing & Remedial services, along with part of a manufacturing facility located on Rankin Road in Houston, Texas, as announced on May 14, 2019. The transaction is valued at approximately $400 million. WIS continues to … Read more

Wellbore Integrity Solutions & Rhône Capital to Acquire Fishing and Tubulars Businesses and Assets from Schlumberger

HOUSTON, May 14, 2019—Wellbore Integrity Solutions (WIS), an affiliate of private equity firm Rhône Capital, and Schlumberger today jointly announced that they have entered into an agreement for WIS to acquire the businesses and associated assets of DRILCO, Thomas Tools, and Fishing & Remedial services, along with part of a manufacturing facility located on Rankin … Read more