Schlumberger, Weatherford To Form OneStim JV

Transaction Type
Buyers
Announce Date
Post Date
Estimated Price
$535.0MM
Description

To form OneStim JV, combining the companies' North America land hydraulic fracturing pressure pumping assets, multistage completions and pump-down perforating businesses; includes one-time $535 million cash payment to Weatherford. Editor's note: Transaction revised. See: Weatherford Scraps Joint Venture, Sells A Business To Schlumberger

Schlumberger, Weatherford To Form OneStim JV