Core Laboratories Acquires Stim-Lab

Core Laboratories N.V. (Houston, Texas) has acquired all the outstanding stock of Stim-Lab, Inc., a privately held Duncan, Okla. hydraulic fracturing and well stimulation technologies company.

"The combination of Stim-Lab technologies with those of Core Labs and of Scott Pickford and ProTechnics, our other acquisitions, positions us as a global leader in the provision of reservoir description and production enhancement services—especially services related to well completions, stimulations, and hydraulic fracturing," said David M. Demshur, president and CEO of Core Laboratories.

Stim-Lab provides technological services related to well completion and stimulation and heads four industry consortia that are evaluating hydraulic fracturing using proppants and gels, acid stimulations, and effective completion practices in horizontal wells. Core plans to expand Stim-Lab's presence throughout its international office network.

"We are very excited to be joining Core Laboratories, as that will accelerate growth of our technologies at a much more rapid pace than we could accomplish independently," said Dr. Glenn S. Penny, president of Stim-Lab.

Core Laboratories N.V. provides petroleum reservoir description data and production management services for maximizing hydrocarbon recovery from new and existing fields.