Here is my first idea for a concept for your logo - I plan to spend some more time on this now, refining and adding some details to make it better and I will upload more soon - please let me know if you have any feedback or want to see any variations on my concept.
Its a great starting point, I should mention that a majority of our products are used when drilling for liquid rich resources (ie, wet gas, oil). Continue the expansion on creativety. Great Job!