Schlumberger, Weatherford To Form OneStim JV
Transaction Type
Sellers
Announce Date
Post Date
Estimated Price
535MM
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