Drilling Services Cos. Battle Over Alleged Antitrust Tactics

Law360, New York (March 5, 2012, 2:35 PM EST) -- Startup drilling services provider TKO Energy Services LLC sued rival M-I LLC in Oklahoma federal court on Friday, alleging M-I used antitrust tactics in an attempt to drive independently owned TKO out of the market.

TKO claims that M-I, owned by Schlumberger Ltd., is attempting to create a monopoly for its retail divison, M-I Swaco, in the market for drilling fluids products used to lubricate oil and natural gas wells, in violation of the Sherman Act and Oklahoma antitrust laws. 

“M-I’s pattern of oppressive, anti-competitive conduct...
To view the full article, register now.




Case Information

Case Title

TKO Energy Services, LLC v. M-I L.L.C.

Case Number



Oklahoma Northern

Nature of Suit



Gregory K Frizzell

Date Filed

March 1, 2012

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.