Gyrodata Sells Directional Drilling Business to Intrepid Directional

Updated 1 year 1 month ago

Gyrodata announced the sale of its directional drilling business to Intrepid Directional Drilling Specialists including all its directional drilling personnel and equipment. Gyrodata will maintain its own fleet of telemetry systems which will enable the company to continue to provide its standalone gyro-while-drilling services throughout the world. Intrepid was advised by Stephens on the transaction.