PENGO &lt;PGO> TO SELL SOME WIRELINE OPERATIONS
  Pengo Industries Inc said it
  has agreed to sell its Wireline Products Manufacturing Division
  in Fort Worth, Texas, Wireline Services Division operations in
  several locations and Pengo International Inc subsidiary to
  John Wood Group PLC for undisclosed terms.
      The company said the Wireline Services operations being
  sold are in Lafayette, Houma and Harvey, La., Alvin, Odessa and
  Longview, Texas, and Moore, Okla.
      Pengo said its Kuykenball Slickline operation in Moore and
  surplus wireline equipment operations in fort Worth and
  Cleburne, Texas, will be sold separately.
  

