Can Weatherford & Nabors Steal Schlumberger’s Thunder?

On Wednesday afternoon, Weatherford announced that a new alliance has been formed with Nabors Industries to integrate drilling rigs and services in the US land market.

This new service model is something Schlumberger has been talking about and working on for several years now.

In this update, we offer our take on the alliance, describe its key tenets, and talk about several other strategic datapoints we learned about Weatherford today.

There’s a lot more to this story…

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