Weatherford Drilling International

Weatherford International plc announced today that additional holders of its senior notes have signed the restructuring support agreement (the “Restructuring Agreement”) previously announced by the Company on May 10, 2019.  With the new signatories, over 74% of the Company’s senior unsecured note holders are now parties to the Restructuring Agreement, an …

Weatherford International plc today announced it has completed the sale of its laboratory services business to a group led by CSL Capital Management, L.P. for $206 million in cash. In October 2018, the Company signed a definitive agreement to divest its laboratory and geological analysis business, including personnel and associated …

Weatherford International plc today announced it has completed the sale of its surface data logging business to Excellence Logging for $50 million in total consideration. In December 2018, the Company signed a definitive agreement to sell all of its surface data logging equipment, technology and associated contracts to Excellence Logging. …

Positive free cash flow of $104 millionReduction in force target of 10,000 substantially complete; target raised to 11,000Second quarter international revenue down only 2.7%, despite activity and pricing reductions BAAR, Switzerland, July 22, 2015 /PRNewswire/ — Weatherford International plc (NYSE: WFT) reported a net loss before charges of $77 million ($0.10 net loss per share non-GAAP) on …

The 1st Russian Drilling Contractors Roundtable is pleased to announce that Russia’s largest drilling contractors will be attending the event.  EDC Group and SGK Drilling will be sending a large delegation as the Gold Sponsors.  The Siberian Service Company (SSC), Integra Drilling, Ru Energy  and Burgaz will be sending sizable …