Tally Energy Services acquires two Gearcon companies

By Patrick C. Miller | April 23, 2018

Tally Energy Services of Houston is expanding its services to include downhole drilling motors with the acquisition of Canadian companies Gearcon Inc. and Gearcon Drilling Tools Inc.

Currently located in Nisku, Alberta, the two Gearcon companies will be moved to Tally Energy’s Houston location. Tally said this acquisition strengthens the firm’s ability to optimize the directional drilling services offered to clients.

Gearcon Drilling Tools is an integrated design, manufacturing and service company specializing in development, production and rentals of downhole drilling motors and other downhole drilling equipment. “With its rigorous quality standards and motor designs focused on robustness, reliability and simplicity, Gearcon truly complements Tally’s growing portfolio,” said Chris Dorros, TES CEO.

The acquisition also advances the company’s plans to develop collaborative partnerships in directional drilling, completions and artificial lift to support the development of North American shale programs, Dorros added. “As we strive to build out a broad drilling services business, enhancing the reliability and efficiency of the directional drilling process is an important step towards that goal,” he said.

Tally Energy Services is a private-equity backed firm focused on North America shale. The firm seeks innovative U.S. companies in technical oilfield products and services with opportunities for growth, consolidation and differentiation.

“I am proud of the work and innovation the Gearcon team has achieved thus far and the partnership with Tally Energy provides access to capital for us to continue to pursue developing technologies,” said Robert Roszak, Gearcon founder and president. “We are relocating the operations and introducing our equipment into Tally’s drilling operations with a deliberate and staged approach over the course of the year to ensure high levels of service quality and full knowledge transfer.”