charlotte: So Weatherford SOLD its pressure pumping business to Schlumberger INSTEAD of doing the JV to “take on Halliburton” as they had previously announced!! They had EVEN gotten past the anti-trust issues as recently as a month ago!!
Here’s the article:
Oilfield services company Weatherford International plc has completed the sale of its U.S. pressure pumping and pump-down perforating assets to a subsidiary of Schlumberger Limited for $430 million in cash…
All opinions are my own, and no relationship with any company in the article is implied. Read full article at the publisher’s site: Weatherford Completes Schlumberger Deal for $430 Mln