Halliburton buys Tulsa-based electric submersible pump maker

By Luke Geiver | July 05, 2017

Halliburton Co. has bolstered its electronic submersible pump offerings. The Houston-based energy service giant has acquired Tulsa-based Summit ESP. Summit engineers, manufactures and services a complete product offering of electric submersible and surface pumping systems through a workforce of 500 in 30 U.S. locations.

John Kenner, Summit’s president and CEO, said his team is excited for the new opportunities created by Halliburton’s acquisition. “We look forward to capitalizing on Halliburton’s deep customer relationships and international presence to accelerate our growth,” Kenner said.

Jeff Miller, Halliburton’s president and CEO, said Summit’s market leadership make it a perfect fit for Halliburton.

On its website, Summit claims to have received the No. 1 ranking from operators two years in a row as the best ESP company. The financials of the deal were not disclosed.

In addition to technology offerings including 44 patents, Summit provides field service for its production units.

The Tiger Shark is Summit’s ESP designed for unconventional oil and gas production. The pump offers flexibility in production volumes. Production per day can range from 25 barrels per day to 30,200 bpd using the Tiger Shark system.