BRIEF-Superior Drilling Products announces sales of drill-n-ream tools

Wed Aug 31, 2016 7:58am EDT
 
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Aug 31 (Reuters) - Superior Drilling Products Inc :

* Announces sales of previously operated drill-n-ream tools and expansion of territory for Drilling Tools International Inc

* Drilling Tools International has agreed to purchase $0.5 million of previously operated drill-n-ream well bore conditioning tools

* In connection with agreement, SDP eliminated about $1.2 million in annual costs related to sales, tool distribution infrastructure Source text for Eikon: Further company coverage: