Houston Chronicle by Sergio Chapa May 16, 2019
Oilfield service giant Schlumberger is exiting the tubulars business after agreeing to sell three specialized subsidiaries to a Houston company in a $400 million deal.
Schlumberger announced early Tuesday morning that it has sold DRILCO, Thomas Tools, and Fishing & Remedial Services to Houston oilfield technology firm Wellbore Integrity Solutions.
The three subsidiaries being sold by Schlumberger specialize in making, providing tools for and servicing a special type of oilfield pipeline known as tubulars.
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https://www.houstonchronicle.com/business/energy/article/Schlumberger-exits-tubulars-business-after-13850366.php
