In this week's video exclusive sponsored by NavPort: Quicksilver, in bankruptcy since March, is parting with nearly all of its U.S. assets for an all-cash bid of $245 million. Also facing a fourth quarter loss, Schlumberger took a $1.6 billion hit in asset value and plans to reduce its workforce by 10,000 people.
Sources:
Quicksilver's US Run Ending After A Half Century In Liquidation
Schlumberger Adds To Technology Arsenal Amid Downturn
SandRidge Gives Away Production, Midstream Assets To Break Contract
Keane Group's Oilfield Deal Triples Frack Horsepower
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