Market Overview

NOW Inc. Announces Master Distribution Agreement With Global Tubing, a Forum Energy Technologies Company


NOW Inc.'s (NYSE:DNOW) U.S. subsidiary DNOW L.P. is proud to announce
its Master Distribution Agreement with Global Tubing, a Forum Energy
Technologies company (NYSE:FET). Under this agreement, DistributionNOW
becomes Global Tubing's preferred partner to distribute its portfolio of
coiled line pipe products in the USA.

Scott Hauck, NOW Inc.'s President of Energy Centers, remarked, "We are
excited to partner with Global Tubing on their API-licensed steel coiled
line pipe product offering. This agreement is another example of our
ability to bring innovative solutions to our established customer base.
Global Tubing's capability to produce and deliver world-class coated
steel line pipe for use in high pressure oil & gas applications gives
our customers a great opportunity to reduce installation time and
mitigate numerous supply chain risks associated with laying other pipe

Neal Lux, Global Tubing's Managing Director, commented, "As a leader in
its segment, DistributionNOW is the ideal partner to cooperatively
market steel coiled line pipe from Global Tubing. Our innovative
solution significantly reduces the number of field welds and
installation time, thus reducing CAPEX and greatly speeding-up a well's
production start. We are, in-fact, delivering an evolutionary pipeline
solution to the industry."

About NOW Inc.

NOW Inc. is one of the largest distributors to energy and industrial
markets on a worldwide basis, with a legacy of over 150 years. NOW Inc.
operates primarily under the DistributionNOW and Wilson Export brands.
Through its network of approximately 300 locations and 4,500 employees
worldwide, NOW Inc. offers a comprehensive line of products and
solutions for the upstream, midstream and downstream energy and
industrial sectors. Our locations provide products and solutions to
exploration and production companies, energy transportation companies,
refineries, chemical companies, utilities, manufacturers and engineering
and construction companies.

About Forum Energy Technologies

Forum Energy Technologies is a global oilfield products company, serving
the drilling, subsea, completions, production and infrastructure sectors
of the oil and natural gas industry. The Company's products include
highly engineered capital equipment as well as products that are
consumed in the drilling, well construction, production and
transportation of oil and natural gas. Forum is headquartered
in Houston, TX with manufacturing and distribution facilities
strategically located around the globe. For more information, please

View Comments and Join the Discussion!