Infill Thinking Lifting the O&G knowledge curve
Friday was a potentially transformative day for the US frac business.
Not to be outdone by Halliburton’s big news Friday morning, Schlumberger and Weatherford dropped their own bombshell Friday evening.
Schlumberger and Weatherford are combining their hydraulic fracturing businesses into a OneStim JV, which will be 70% owned by Schlumberger.
In this update, we go far beyond the press release, breaking down the deal into what it actually means for the rest of the marketplace and giving you details on where the new frac business will rank in the US marketplace.
There’s a lot more to this story…
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