SCOTT, LA – OCTOBER 15, 2018 – Gordon Technologies LLC (“Gordon”) is pleased to announce its patented, high performance Heat Miser™ Measurement-While-Drilling (“MWD”) system is now active on and following more than 50 drilling rigs in Texas, North Dakota and Louisiana. Headquartered in Scott, LA with additional facilities in Midland, TX and Minot, ND, Gordon is an independent provider of MWD technology to the directional drilling sector of the oil and gas industry.
Gordon was founded in 2014 by Terry Frith, a veteran of the MWD sector with more than 30 years of experience at the forefront of MWD technology. Terry holds several key patents in the directional drilling sector and has developed or assisted in the development of eight different MWD systems throughout his career. Mr. Frith said, “2018 has been a record setting year for Gordon. In cooperation with our customers, we have set numerous drilling records, including spud to total depth, extended lateral and the heel portion of unconventional wells. Our fleet’s exemplary performance is continuing to drive the company’s record growth. Since October 2017, Gordon has more than tripled the size of its rental fleet and we now believe the company is the sixth largest provider in terms of footage drilled in the state of Texas. In order to better serve our customers, we plan to double the size of our fleet and have committed to following 100 rigs by year-end 2019.”
Headquartered in Scott, LA with additional facilities in Midland, TX and Minot, ND, Gordon is an independent provider of MWD technology to the directional drilling sector of the oil and gas industry. Gordon’s Heat Miser™ MWD and Shock Miser™ shock and vibration mitigation tools were specifically designed to address the most pressing needs in today’s challenging drilling environments, namely MWD failures due to high shock and vibration as well as high temperature environments. The company’s proprietary technology creates a faster, more robust and more reliable MWD system that is achieving best-in-class performance, as evidenced by the company’s significant growth in the US unconventional market.
For more information about Gordon Technologies, please visit www.gordontechnologiesllc.com.
Pelican Energy Partners
Founded in 2011, Pelican Energy Partners (“Pelican”) is a Houston-based private equity fund specializing in strategic investments in small to middle-market, high-growth potential energy service and equipment companies with sustained earnings outlooks. The firm has raised $563 million of committed capital and is investing out of its third fund. In October 2017, Pelican made a substantial investment in Gordon Technologies and provided the growth capital to significantly expand its MWD fleet.
For more information about Pelican Energy Partners, please visit www.pelicanenergypartners.com.
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