TULSA, Okla., May 22, 2017 (GLOBE NEWSWIRE) — Helmerich & Payne, Inc. (NYSE:HP) announced today it has entered into an agreement to acquire MOTIVE Drilling Technologies, Inc. (‘MOTIVE’) for $75 million payable at closing and up to an additional $25 million in potential earnout payments based on future performance during the next few years. The […]Read More
February 22, 2017–InnovOil Motive™ Drilling Technologies explains how its automated Directional Drilling Bit Guidance System can help make better decisions and improve performance. One of the most significant problems identified by oil and gas operators in unconventional plays is the inability to follow a prescribed well path consistently, and to hit and stay within the […]Read More
February 08, 2017 11:15 AM Eastern Standard Time DALLAS–(BUSINESS WIRE)–Motive Drilling Technologies, the rapidly growing directional drilling decision-automation company, today announced that they have now guided over 2 Million feet using their directional drilling Bit Guidance System. “Truthfully there was doubt on the part of some of our technical team during our early relationship with […]Read More
For Immediate Release: Tuesday, May 31, 2016 Motive Directional Drilling Decision-Automation Now Available Through Channel Partners. Dallas, Texas – The MOTIVE™ Bit Guidance System is now available through a select number of innovative top-tier directional drilling companies through a Channel Partner program. The Bit Guidance System has proven its capability to use machine intelligence […]Read More
For Immediate Release: Wednesday, February 17th, 2016 Motive Drilling Technologies Announces $10.5 Million Series A Funding with Formation 8 and GE Ventures Dallas, Texas – Motive Drilling Technologies, the rapidly growing drilling decision-automation company, today announced a $10.5 million Series A funding round led by California based investors Formation 8 and GE Ventures. Funding […]Read More
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