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re: Per Bloomberg: Halliburton and Baker Hughes deal is OFF

Posted on 5/2/16 at 11:07 am to
Posted by Strannix
District 11
Member since Dec 2012
49032 posts
Posted on 5/2/16 at 11:07 am to
They expanded with the distinct vision of oil never being under 100 a barrel and gas at 10.00 MCF, they both built huge new expansions in Shreveport/Bossier
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12577 posts
Posted on 5/2/16 at 12:39 pm to
quote:

They expanded with the distinct vision of oil never being under 100 a barrel and gas at 10.00 MCF, they both built huge new expansions in Shreveport/Bossier
I doubt that... Those yards were that big b/c the Haynesville was running 100 rigs... they needed it to keep up with demand. Both companies did not want to lose market share.
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