Wonder what other 2 assets are going to sold.
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Have to clean house of the overhead as buyers do not want to acquire obsolete kit or kit that does not have traceability allowing it to be sold.
What it amazing is what we are sending for scrap. Brand new assets and tools with tons of life in them.
I have heard that some of ALS already has been sold off
Completions and ALS
Assets to go are the coffee machine and photocopier they will both be sadly missed.
Hopefully Drilling Services
Whoever works at Weatherford should be hoping it is their group.
You have a better chance of staying employed long term and progressing if a company that actually has the ability to run a business (Money, Inventory, Management) picks them up. You would have to work through the change that occurs with any acquisition and the stress it brings, but is that really any worse than the stress you're going to get released any given week like the other 40K folks that already have been?
Hopefully wireline and fishing. People don’t lose stuff down the hole anymore. Paying 100+k/year for a lot of people to do nothing but sit around. Those two lines are joined at the hip.