- Tight Gas & Oil
- Gas Hydrates
The transaction will expand Schlumberger’s revenue base by more than 20%, Paal Kibsgaard, the company’s CEO and chairman, said in a press call. Schlumberger expects cost synergies of $900 million over two years
After a decade in the Haynesville, the company shifted from natural gas to a broader asset base that included liquids. The company also gains relief from obligations to its midstream assets.
Though a majority of Hart Energy survey respondents said pressure pumping services has been stable in the Bakken, several noted that operators indicate they will begin postponing well completions.