US upstream deal frenzy spreads to oilfield services
The oilfield services sector, which has largely sat on the sidelines during the current round of consolidation among US producers, may finally be catching up.
Source: argusmedia.com
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SLB to expand oil and gas production portfolio with $7.8 billion ChampionX acquisition
The acquisition will help SLB expand its artificial lift technology, which helps keep output from older wells flowing. SLB has the biggest market share in artificial lift with 21%, and ChampionX will add to that with its 5% of the market, according to Evercore ISI, citing data from industry consultant Spears & Associates.
Source: worldoil.com
Blackstone to acquire drill bits maker Ulterra Drilling Technologies
Blackstone Group has agreed to purchase Ulterra Drilling Technologies, a Texas-based manufacturer of drill bits and downhole tools, for around 700m.
Source: hydrocarbons-technology.com
TETRA Technologies, Inc. (NYSE:TTI) Q2 2023 Earnings Call Transcript
Operator: Good morning, and welcome to TETRA Technologies Second Quarter 2023 Results Conference Call.
Source: insidermonkey.com
Patterson-UTI Buys NexTier Creating Shale-Services Giant
A combination of the companies’ pressure-pumping units would make it the No. 2 fracker with control of almost one-fifth of the market.
Source: themiddlemarket.com