Energy Industry
Industry: Email Alert RSS FeedWeatherford International Ltd
Pipeline & Gas Journal, Oct, 2005
Houston-based Weatherford International Ltd. has completed its acquisition of Precision Drilling Corporation's Energy Services Division and International Drilling Division for approximately $945 million in cash, based on current exchange rates and 26 million Weatherford common shares. Precision's Energy Services division is a global provider of cased hole and open hole wireline services, drilling and evaluation services and production services.
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This acquisition will strengthen Weatherford's cased hole wireline and underbalanced product lines and will significantly expand the company's open hole wireline and directional capabilities.
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