Star Valley Energy, an oilfield services drill pipe rental company with operations throughout the USA and Canada, is pleased to announce the acquisition of the DUO锟� trademark and associated drill pipe assets from Complete Tubular Products of Edmonton, Alberta.
The acquisition of the trademark and drill pipe assets, developed under license from Star Valley锟絪 patented dual taper technology, will be immediately accretive to the company锟絪 earnings and will allow Star Valley to continue its focus on providing its best in class connection series while expanding their rental footprint throughout North America.
Interim CEO Eric White stated 锟絋his acquisition allows the company to be the exclusive home of all new DUO锟� rental products and I am pleased to announce that our operating company names have been changed going forward to 锟紻UO锟� Drill Pipe锟� to reflect our sole focus in promoting this unique technology to the industry.