Schlumberger Exits North America Fracking Business in OneStim Sale

Transaction Type
Basin
Multiple; North America
Announce Date
Post Date
Close Date
Estimated Price
MM
Description

Purchased OneStim, Schlumberger’s North America fracking business that includes pressure pumping, pumpdown perforating, and Permian frac sand assets; in exchange, Schlumberger will receive a 37% equity interest in the combined company.