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...
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