Friday, December 29, 2017

Weatherford Completes Sale of U.S. Hydraulic Fracturing Business to Schlumberger for $430 Million in Cash

Weatherford logo. (PRNewsFoto/WEATHERFORD INTERNATIONAL)BAAR, Switzerland, Dec. 29, 2017 /PRNewswire/ -- Weatherford International plc (NYSE: WFT) today announced it has sold its U.S. pressure pumping and pump-down perforating assets to a subsidiary of Schlumberger Limited for $430 million in cash. The parties agreed to revised deal terms...




from PR Newswire: //www.prnewswire.co.uk/news-releases/weatherford-completes-sale-of-us-hydraulic-fracturing-business-to-schlumberger-for-430-million-in-cash-667185513.html

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