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re: Oilfield rumors

Posted on 4/17/14 at 6:38 pm to
Posted by TheIndulger
Member since Sep 2011
19239 posts
Posted on 4/17/14 at 6:38 pm to
Wow, I didn't know NOV had higher market cap than baker Hughes and Weatherford
Posted by Jakeyura
Belle Chasse, La / Gulf Shores, Al
Member since Nov 2012
1076 posts
Posted on 4/17/14 at 9:20 pm to
Rumor going around that chevron will be selling the 41 field out of Venice
Posted by Tiger Ryno
#WoF
Member since Feb 2007
103027 posts
Posted on 4/17/14 at 10:48 pm to
Somebody buy Weatherford and put del out of dey misery
Posted by Tiger Ryno
#WoF
Member since Feb 2007
103027 posts
Posted on 4/17/14 at 10:52 pm to
quote:

Wilson spinning off


I can verify this is happening and very soon.
This post was edited on 4/17/14 at 10:52 pm
Posted by TJG210
New Orleans
Member since Aug 2006
28340 posts
Posted on 4/17/14 at 11:34 pm to
What's located in the 41 field?
Posted by Bayou Tiger
Member since Nov 2003
3658 posts
Posted on 4/18/14 at 7:05 am to
quote:

What's located in the 41 field?
Main Pass 41? Lots of oil and a steady queue of drilling.

Somebody would have to pay Chevron a lot of money, and EPL and EXXI would have been the most likely candidates.

Plus it is one of their core GOM fields. I don't see this happening.
Posted by carbola
Bloomington, IN
Member since Aug 2010
4308 posts
Posted on 4/18/14 at 8:11 am to
quote:

NOV wants to buy Weatherford


WFT is starting to get rid of their drilling divisions, or at least what everyone in WFT has been telling me on rigs
Posted by Redacted
[REDACTED]
Member since Jun 2012
513 posts
Posted on 4/18/14 at 4:16 pm to
quote:

news, etc, concerning service companies and operators.


Dual Gradient Drilling

Buy CVX and PADC.
Posted by barry
Location, Location, Location
Member since Aug 2006
50341 posts
Posted on 4/18/14 at 4:21 pm to
quote:

WFT is starting to get rid of their drilling divisions, or at least what everyone in WFT has been telling me on rigs



Selling Wellheads, pipeline and specialty services, drilling fluids, testing and production services, and IPO'ing rigs
Posted by supatigah
CEO of the Keith Hernandez Fan Club
Member since Mar 2004
87430 posts
Posted on 4/22/14 at 10:39 am to
WFT announced the sale of their Pipeline and Process division to BakerHughes for $250mm

LINK

Wilson is a cash hemorrhaging pig, no surprise they are trying to cut Wilson away from mother NOV
Posted by lsuguru
Lake Charles
Member since Aug 2007
1782 posts
Posted on 4/9/15 at 2:36 pm to
So who is gonna buy Halliburton's MWD/DD division that was announced a few days ago will be for sale?
Posted by Snook18
Houston
Member since Oct 2008
51 posts
Posted on 4/9/15 at 8:09 pm to
And their Bits too?
Posted by Double Oh
Louisiana
Member since Sep 2008
17784 posts
Posted on 4/9/15 at 9:33 pm to
quote:

And their Bits too?





Heard GE was looking at the bits
Posted by 8thyearsenior
Centennial, CO
Member since Mar 2006
4280 posts
Posted on 4/9/15 at 9:46 pm to
Those Security FX bits used to drill the hell out of some curves in the Haynesville. Sperry also has some nice high temp LWD tools. Interested to see how this plays out. I always just figured they would combine BHI with Sperry.
Posted by lsuguru
Lake Charles
Member since Aug 2007
1782 posts
Posted on 4/10/15 at 7:19 am to
Drill bits are small potatoes. Schlumberger and Baker both have better bit product lines than Halliburton.

But whoever buys Sperry's MWD/DD division will have a giant on there hands. They have a pretty big market share, especially here in the gulf.
Posted by Double Oh
Louisiana
Member since Sep 2008
17784 posts
Posted on 4/10/15 at 7:52 am to
quote:

Drill bits are small potatoes. Schlumberger and Baker both have better bit product lines than Halliburton.

But whoever buys Sperry's MWD/DD division will have a giant on there hands. They have a pretty big market share, especially here in the gulf.






Correct the bits are small potatoes. Halliburton PDC's are not that bad but there tricones are fawkin junk.
Posted by Redacted
[REDACTED]
Member since Jun 2012
513 posts
Posted on 4/10/15 at 8:31 am to
quote:


But whoever buys Sperry's MWD/DD division will have a giant on there hands. They have a pretty big market share, especially here in the gulf


Uhhhh, not really. SLB and BHI have the Gulf sewn up. Sperry mud logging is doing well in the Gulf, but MWD/DD have been slow for quite awhile.

Granted I was wrong earlier in the thread about buying CVX and PACD... but DGD will work eventually so I could still be proven right.
Posted by windshieldman
Member since Nov 2012
12818 posts
Posted on 4/10/15 at 8:41 am to
Have y'all looked into MRD, Memorial Resource Development?

LINK
Posted by Polar Pop
Member since Feb 2012
10748 posts
Posted on 4/10/15 at 8:59 am to
Memorial is hot right now in NWLA/NELA.

As a supplier, they are my bread and butter during this downturn.

They have teamed up/overtaken Wildhorse near Ruston, production was hedged in the $90 range and they are bringing in quite a few rigs. Count at the moment in that particular area is somewhere around 10.
Posted by GREENHEAD22
Member since Nov 2009
19590 posts
Posted on 4/10/15 at 9:25 am to
How much longer are they hedged for? Those contracts usually only last 6-8 months. They should be expiring soon. 10 is a lot of rigs for a small independent in this market, I'm guessing they are targeting shallow conventional plays?


It appears they are in the terryville, all gas with some condensate if I remember correctly.
This post was edited on 4/10/15 at 9:34 am
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