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Sale of Halliburton's Sperry
Posted on 7/8/15 at 12:21 pm
Posted on 7/8/15 at 12:21 pm
Sale should happen within a few months. Anyone have any idea who the buyer is?
3
Posted on 7/8/15 at 12:44 pm to fratinthehat
yes, but im legally obligated not to say.
Posted on 7/8/15 at 1:02 pm to fratinthehat
They're getting out of directional drilling?
Posted on 7/8/15 at 1:25 pm to fratinthehat
Is this only LWD/MWD and directional?
Posted on 7/8/15 at 1:46 pm to BIGDAB
Not getting rid of everything that falls under Sperry. Think mud logging isn't going anywhere. But everything else will just be taken over by what Baker had.
Posted on 7/8/15 at 2:30 pm to barry
they selling to WFT?
Posted on 7/8/15 at 2:34 pm to BIGDAB
quote:
Is this only LWD/MWD and directional?
That is correct mudlogging will be staying with Halliburton. Havnt heard of wtf being in the mix.
Posted on 7/8/15 at 2:52 pm to KG6
Are Baker's L/MWD and directional units significantly better than Sperry? Anyone has insight as to why they would sell off Sperry rather than the Baker equivalent?
Posted on 7/8/15 at 3:04 pm to GoldenD
Market share. Halliburton has plenty of products that they have been willing to stand behind and say that they are just as good or better than competitors, but sometimes the product has grown roots and has a stranglehold on the market. Not going to give that up. Waiting to see what else that is going to affect.
Posted on 7/8/15 at 3:23 pm to The Egg
I would predict they're selling it to NOV
Posted on 7/8/15 at 3:25 pm to The Egg
quote:
they selling to WFT?
Don't work for them anymore.
Posted on 7/8/15 at 9:03 pm to GoldenD
quote:
Are Baker's L/MWD and directional units significantly better than Sperry?
Yes, and not even close. Speaking in the onshore world, sperry LWD and directional tools suck. Pathfinder, WFD, and Baker are tops in this market. As for directional drilling, a lot depends on the driller in my opinion, but I have seen good and bad from all.
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