WorldWide Drilling Resource

13 WorldWide Drilling Resource ® NOVEMBER 2015 Breaking News Source: HDD and StraightLine HDD Merge Source: HDD and StraightLine HDD announced a merger agreement to form a leader in HDD (horizontal directional drilling) equipment and down hole tooling. The new Source: HDD will offer customers the ability to purchase used rigs, new down hole tooling, and a variety of additional value- added HDD services, including equipment brokering. The new business alliance will continue to operate from two buildings, both located in the Yoder Industrial Park covering an expansive 120,000 square feet. The merged company plans to maintain its current skilled staff of seventy-five. “This move comes at a time when the marketplace is demanding greater value from suppliers. Joining our companies offers the most benefit to our customers by creating a central point of focus on their success... We look forward to applying our three decades of knowledge into a world-class expe- rience for our customers,” said Joe Phillips, president of Straightline HDD and the new Source: HDD. Under terms of the agreement, the merged company will begin to transition operations immediately. ! " # ! WHO’S IN THE NEWS Mr. Joe Jennings recently retired from Central Mine Equipment (CME) after representing the company for more than 17 years, and the drilling industry for most of his life. The CME Team and WWDR wish him the best in his retirement! For more about Joe and other Who’s in the News announcements, visit worldwidedrillingresource.com/Whos2.pdf Send your Who’s in the News to: promotions@worldwidedrillingresource.com Left: Jay Cary, managing director of Source: HDD, will exchange his title for the title of vice president of sales, lending his expertise to both divisions. Right: Joe Phillips, president of StraightLine HDD, will also serve as president of the new Source: HDD. Joe Jennings