Superior Drilling acquires Hard Rock Solutions for $12.5M Superior Drilling Products announced that it has acquired Hard Rock Solutions for $12.5M in conjunction with the closing of its initial public offering. The company acquired Hard Rock's patented Drill N Ream well bore technology; a unique reaming assembly technology which has been used in over 850 horizontal wells since 2011.
Three Part Advisors to hold a conference Southwest IDEAS Conference is being held in Addison, Texas on November 19-20 with webcasted company presentations to begin on November 20 at 9 am; not all company presentations may be webcasted. Webcast Link
Superior Drilling reports Q3 averaged 13 customers per month The average revenue per run was approximately $19,500. While the average rate per run is expected to continue to decline as a result of operating in shorter laterals in the new basins, the tools' operating costs also decline.