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| Halliburton acquires Vector Magnetics' technology Halliburton's Drilling and Formation Evaluation Division has acquired the intellectual property, assets and existing business associated with Vector Magnetics LLC's active ranging technology for Steam Assisted Gravity Drainage (SAGD) applications. “Halliburton’s Sperry Drilling Services unit has been the leader in the drilling and placement of parallel wellbores in SAGD applications for many years, ” said Brady Murphy, vice president of Sperry Drilling Services, “and the addition of this premier ranging technology is in line with our strategy to expand our unconventional reserves capabilities. Founded and incorporated in New York in 1985, Vector Magnetics' patented techniques are recognized as the industry standard for precise wellbore placement. write your comments about the article :: © 2007 Construction News :: home page |