Schlumberger Ltd. and Weatherford International Plc are forming a joint venture aimed at taking on the king of fracking, Halliburton Co.
- American City Business Journals•yesterday
Schluberger Ltd. (SLB) and Weatherford International PLC (WFT) announced March 24 they’re forming a joint venture to provide completions products and services, targeting unconventional resource plays in North America. This is the second partnership Weatherford has announced in less than two months. The JV will be called OneStim, and Schlumberger and Weatherford will own it 70-30.
SLB : Summary for Schlumberger N.V. - Yahoo Finance
Schlumberger Limited (SLB)
NYSE - NYSE Delayed Price. Currency in USD
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|Bid||76.93 x 100|
|Ask||77.20 x 2300|
|Day's Range||76.77 - 77.94|
|52 Week Range||71.34 - 87.84|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||-61.91|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|